Our Services

Foreclosure/HUD Services

Our Foreclosure/HUD Division strives to meet the individual needs of all our clients when it comes to bank owned properties. We assist banks and asset managers with managing and marketing their foreclosed homes. Lenders, real estate agents, investors and buyers will all find helpful information about our real estate foreclosure offerings.

For Banks and Asset Managers that want broker representation. Real Estate One’s Foreclosure/HUD Division covers 5 Michigan counties in the metropolitan Detroit area including: Wayne, Oakland, Macomb, Washtenaw, Livingston, Grand Traverse and LeelanauCounty.  See the partial list of Home Marketing Services provided below:

  • Manage the marketing and maintenance of real estate owned (REO) properties.
  • Provide accurate and timely Broker Price Opinion (BPO) reports.
  • Re-key and secure assigned vacant properties.
  • Coordinate initial interior and exterior clean-up with vendor.
  • Transfer utilities into our company’s name for all assigned properties.
  • Dedicated REO staff, including a billing department to manage all property expenses.
  • Our teams of licensed contractors specialize in providing service for REO properties.
  • Our experienced closing agents are familiar with the special needs      of foreclosed properties.

For Buyers that plan  to invest in foreclosure property.  Real Estate One’s Foreclosure Division has the resources available for buyers and investors that want to grow and develop their investment portfolio. For a first time buyer or a seasoned investor looking to begin purchasing real estate, we have an experienced staff to help them get started.

We offer a full range of services to buyers and investors that want to consider purchasing bank-owned property.  Our goal is to achieve problem-free transactions for all our clients. We can help them locate their next investment property or properties.  We can assist with the services provided below:

  • Market evaluation.
  • Market search on our foreclosure web site.
  • Area tour and writing a purchase contract on their selected property.
  • Vendor referral service for home improvements in some geographic areas.
  • Client discounts through Home Services One.