REO & Asset Management Services

COLLATERAL EVALUATION

Drive-By Broker's Price Opinion (BPO)

Exterior Inspection and Photographs

Three sales comparable with photographs

Value Conclusion Estimated Market Value

Certified Market Analysis (CMA)

Interior and exterior inspection with photographs

Comments on interior and exterior

Three sales and listing comparable

Independent Fee Appraisal

Comply with FIREA & USPAP

Appraisal review

Certified General Appraiser, licensed to appraise all California Real Property

Tailored Assignments

Interview tenants

interview prior listing brokers

interview municipalities

interview neighbors, etc

Combined with a BPO or CMA report in an executive summary

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ALTERNATIVE OPTION ANALYSIS

Receivership Feasibility

Court appointed party commonly utilized in real estate foreclosures and business disputes

Alternative Disposition Strategies

Modification agreement

Forbearance agreement

Hold or Sell options

Cash versus Financing Yields

Auctions versus bulk versus single sales "as is" versus rehab

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PROPERTY / ASSET MGMT SERVICE

Property Preservation

Re-key the property

Board-up / Secure fencing

Debris removal, clean-up and maintenance

Full Service Property Management

Interview Occupants

Owner versus tenant occupancy

Photograph condition and fixtures with inventory

Rental or leasing oversight as required

Residential and commercial property management

Repairs and Rehabilitation

Soliciting a minimum of two bids

Monitoring contractor's work

Interacting with insurance adjusters

Reports, Inspections and Evaluations

Environmental assessments

Reports mandated by local ordinance

Termite, structural and roof inspections

ASSET DISPOSITION / MARKETING

Confirm / Update Market Value

What is your property worth?

Develop Marketing Plan

Expose to millions of potential buyers

Negotiate Sale

Close escrow

Execute Marketing Plan

Negotiations

Purchase contracts

Financial qualifications of buyers

Analysis, presentation and response to qualified offers

Escrows and Settlements

Confirmation of marketable title

Supervision of escrows and closings

Assurance of compliance with local, state and federal disclosure and transfer laws

Accounting / Close-Out

Auditing of all charges

Accounting and transaction summary

North Bay Property Advisors offers a fully-integrated REO/Asset Management resource for lenders, servicers, individuals and multiple beneficiaries. We can deliver a single service or complete outsourcing solutions for your REO/Asset Management needs. Acquiring a title to commercial real property by foreclosure, Deed-in-Lieu, Probate or other action presents serious management, marketing and liability concerns for the owner. We can provide you with a comprehensive program designed to resolve the financial and administrative challenges associated with managing and liquidating your real property assets.

Our service provides cost-effective solutions which maximize capital recovery, while conforming to each client’s particular requirements. Our relentless commitment to professional excellence will help you reduce losses, contain costs, and to increase the overall return from your commercial and residential property in a responsible, businesslike manner.