REO INSPECTION & PRESERVATION
Real Estate REO Marketing Real Estate REO Marketing Real Estate REO Inspections Real Estate REO Valuations Real Estate REO Management BPO/REO Agent Registration / Sign-up

Don't list your REO Asset "SELL IT" Call Janine Pumyea 978-821-7336  Massachusetts REO Broker




The primary goal of our inspection services is to provide timely / accurate information regarding occupancy, and property condition. Inspections are completed in compliance with Investor/Insurer guidelines. 
Pumyea Associates provides our Clients with  immediate information. Not only do we perform exterior visual inspections but we ensure property preservation by providing a preventative action check list upon completing interior inspections. This full range service empowers our Clients to accurately evaluate property conditions and needs, inside and out.

Abacus Team offers:

Initial / Ongoing Property Inspection 
An exterior inspection for occupancy per Client instruction and/or Investor/Insurer guidelines, with a property description and no access to the interior.
* This inspection can be performed once or as scheduled by the Client.

Our Professional Team will perform a contact inspection to verify the names of the property occupants, check with neighbors, review the utility accounts, and check phone listings in local directories if contact is not made with the occupant.
Data can be provided in a report our Clients can utilize for eviction proceedings. 

Bankruptcy Property Inspection
An exterior inspection for occupancy per Client instruction and/or Investor/Insurer guidelines, with a property description and no access to the interior, and no contact made with the mortgagor or property occupant.
* This inspection can be performed once or as scheduled by the Client.

Monthly Interior Inspections on Vacant and Secure Properties
Pumyea Associates (At the Clients Request) will provides interior monthly inspections on vacant properties and will provide information reporting based on a visual "walk-through" inspection only and will not include any comprehensive testing or certification of the property condition. The main emphasis and purpose of the interior inspection is to make the Client aware of any visible damages that, if not addressed immediately, could lead to damages or the issuance of a citation by the governing municipal inspectors.

Contact Attempt Inspections
Contact inspections ordered by mortgage servicers and lenders will be attempted with the borrower. Up to Three attempt will be made to contact the mortgagor during a visual exterior inspection for occupancy verification per Client instruction.  A message will be provided to the mortgagor instructing them to contact the Client's liaison at a specified phone number.

Deed in Lieu of Foreclosure Inspection
Upon request, a member of our Professional Team will meet with the mortgagor to review the terms and conditions of the "deed in lieu title transfer".  Pumyea Associates will again send an inspector (On the transfer date) to meet with the mortgagor at the property to verify the property condition, that utilities have been maintained, property is broom swept and the documentation of any property damage.
At that time the inspector will make any arrangements to secure/winterize the property and finally will acquire any photo documentation needed to accurately report the condition of the property.  A punch list will then be created to identify any replacement / repairs needed to place the property in marketable condition.  This check list will be provided to the Client with attached quotes from locally respected and approved vendors.

Fannie Mae Form 30 Property Inspection
If so requested by the Client, Pumyea Associates will visually inspect the property according to the current inspection guidelines of Fannie Mae. Photographs will also be provided upon request.

Sale Date Inspections
Our Professional Team will perform a contact inspection for occupancy performed on the foreclosure sale date, check with neighbors, review the utility accounts. Communication with third parties will be limited.



Janine Pumyea "REO Specialist / List Agent"                            Click here to E-mail  or call      978-821-7336  

As a full-service REO listing team, we monitor the entire foreclosure process. From - initiating first contact - contracting repair and maintenance - listing the property -to handling the closing.

  

 
REO Specialist / List Agent
  • The first point of contact for asset managers  
  • Listing agent for REO assets
  • Coordinator - cash for keys and eviction negotiations
  • Experienced investor, list agent, and buyers rep.

    Contact me @ 978-821-7336
 
 

Abacus Team works in conjunction with www.realestate-page.com in an effort to bring maximum exposure to your REO listings.

-- Abacus Team is a Keller Williams Realty Team --

Market Center Location: 680 Mechanic Street, Leominster, MA 01453
2008 All Rights Reserved  

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Centrally located to meet your needs.
 



























































































REO / BPO Services

 * Pre-Foreclosure Drive-By BPO's
 * Interior BPO's and Valuations
 * Complete Market Analyses
 * Eviction Processing
 * Comprehensive Documentation Services
 * Verify Occupancy Status 
 * Secure Vacant Properties (re-keying, sign posting, title work, contact utilities, clean up bids)
 * Property Clean-up (interior, exterior, ongoing)
 * Regular Monthly Reports 
 * Marketing the Property 
 * Offer Receipt and Presentation
 * Closing

> Contact Janine Pumyea About REO / BPO Real Estate

 


Questions About REO

Q: What does REO mean?
A: REO is an acronym for "Real Estate Owned."

Q: Why do people purchase REO properties?
A: The properties are often listed "as is." That makes them great opportunities for those who want to buy and fix up the properties and use them as a principle residence or an investment property.

Q: How is purchasing REO properties different from regular real estate purchases?
A: REO properties are owned by corporations not individuals which leads to significant differences in all aspects of the purchase.

Q: What should I know about buying at a "Trustee's Sale"?
A: Do your research before buying and use extreme caution before investing. Properties purchased at a Trustee's Sale are sold "as-is" for cash. There are no refunds.

Questions About BPO

Q: What does BPO mean?
A: BPO is an acronym for "Broker Price Opinion."

Q: Why are BPO's conducted?
A: Camille's team performs a BPO of a residential property for use in collections and loss mitigation.

Q: What is contained in a BPO report?
A: The report combines information from a drive-by exterior examination, external data sources, previous sale data, property assessment data, recent comparable sales and current neighborhood listings, as well as a photograph of the subject property.

Q: What are the advantages of a BPO?
A: BPOs significantly lower loan costs and decrease turnaround time. They also provide reliable valuations to minimize credit risk. Also, an up-to-date property photograph helps assist in identification of visible deferred maintenance.

> Contact Janine Pumyea About REO / BPO Real Estate


Banks and Mortgage Companies We May Work With:

  • Aames Capital Corp
  • Abacus Federal Savings bank
  • Aetna Real Estate Investments
  • Alaska Southern
  • Alliance Bank
  • Alliance Funding Co.
  • Amalgamated Bank
  • Amboy NB
  • American General Finance
  • American Holdings
  • Ameriquest Mortgage
  • Amresco, Inc.
  • Amsouth Bank-Residential
  • APCOM
  • Asia Bank
  • Associates Home Equities
  • AStoria Federal S&L Assoc.
  • Atlantic Mortgage & Investment
  • Baltic Realty/MetroWest Bank
  • Banc One trust Co.
  • Banc One, Dallas
  • Banco Popular de Puerto Rico
  • Bank Atlantic
  • Bank of America
  • Bank of America, Agricultural
  • Bank of America-Marketing List
  • Bank of Hawaii
  • Bank of New York
  • Bank of the Commonwealth
  • Bank of the Hudson
  • Bank One
  • BankAtlantic FSB-Comm
  • Bankers Trust Co.
  • Bankers Trust Co. of California
  • BEAL BANK SSB
  • Beneficial Mortgage Co.
  • Boston Federal Savings Bank
  • Boston Safe Deposit
  • Bridge City SB
  • Brooklyn Federal Savings Bank
  • California Fed Bank-Comm
  • California Federal Bank
  • California Korea Bank
  • Carolina First Bank
  • Carver Federal Savings
  • Cathay Bank
  • Central Carolina B&T
  • Central Funding Co.
  • Century Bank
  • CFS Bank-Columbia Federal Savings
  • Chase Manhattan Bank
  • CIGNA-Ct General Life Ins. Co.
  • Citibank N.A.
  • Citibank RE/Citicorp-Comrcl.
  • Citibank Federal Bank
  • CITIZENS NB
  • City National Bank
  • Coldwell Banker
  • Colonial Savings/Ft. Worth Mtg
  • Columbia Federal Savings
  • Comerica Bank
  • Commercial Credit Corp.
  • Community Savings, N. Palm Beach
  • Compass Bank
  • Conning ASset Mgt. Co.
  • Contimortgage Corp.
  • Countrywide Funding Corp.
  • Countrywide Home Loan
  • Crestar Mortgage Corp.
  • Crossland Mortgage Co.
  • Crown Life Insurance Co.
  • Dale Mortgage Bankers
  • Debcon Financial Services
  • Dime Savings Bank of New York
  • Dovenmuehle Mortgage
  • DOWNEY S&L ASSOCIATION
  • EMC Mortgage Corp.
  • Emigrant SAvings Bank
  • Englewood Bank
  • Epire Factors, Inc.
  • Equitable Life Assurance
  • European American Bank
  • Fairfield Financial
  • Family Savings Bank
  • Farm Credit Bank of Texas
  • Farmers & Merchants NB
  • FDIC-Field Ops Branch-Dallas
  • FDIC-Northeast Service Center
  • FDIC-Western Service Center
  • Federal Deposit Insurance
  • Federal Home Loan Mortgage
  • Federal National Mortgage
  • FGH Realty Credit Corp.
  • FHLMC
  • FHLMC-Multi-Family
  • Fidelity Federal Bank
  • Fidelity Federal Savings Bank
  • Fidelity Homestead Assoc.
  • First American Bank
  • First Bank National
  • First Bank of FL (First Fed)
  • First Central Bank
  • First Commerce Bank
  • First Commercial Mortgage
  • First Fedrl Bank of California
  • First Fidelity Thrift & Loan
  • First Mortgage Companies
  • First National Bank
  • First Nationwide Mortgage
  • First Pacific national Bank
  • First Security Bank of Utah
  • First Trust National
  • First Union Mortgage
  • First Union National
  • First Union NB
  • Firstrust Savings Bank
  • Fleet Mortgage Corp.
  • Fleet National Bank
  • FNMA
  • Ford Consumer Finance
  • FREMONT INV & LOAN-Comm
  • GE Capital Asset Mgt Corp.
  • GE Capital Mortgage
  • General Bank/GBC Realty
  • Girard Savings
  • Glendale Federal Bank
  • Glendale FS&L-Resid. USA
  • GMAC Mortgage Corp.
  • Golden National Mortgage
  • Greenport Savings Bank
  • GSL Savings Bank
  • Guardian Savings-Comml
  • Harris Trust & Savings Bank
  • Hemet Federal Savings
  • HIGHLAND FED S&L ASSOC.
  • Home Federal Savings
  • Home Savings Bank of America
  • Homeside Lending, Inc.
  • Household Bank
  • Household Finance (HFC)
  • HUD-Worcester
  • HUD-Boston
  • HUD-Lowell
  • HUD-Fitchburg
  • HUD-Athol
  • HUD-Leominster
  • HUD-Woburn
  • HUD-Haverhill
  • HUD-Springfield
  • HUD-Gardner
  • Hypo Holdings, Inc.
  • IAG Federal Credit Union
  • IMC Mortgage Bank
  • Independence Savings
  • Inland Empire National Bank
  • Irwin Mortgage Corp.
  • LaSalle Bank, FSB
  • LaSalle National Bank
  • LAUGHLIN NATIONAL BANK
  • Leehman Capital
  • Liberty Savings Bank
  • Lochaven Federal S&L Assoc.
  • Long Island Savings Bank
  • M&T Mortgage Corp.
  • Magna Mortgage
  • Marathon Oil Company
  • Marine Midland Bank
  • Marine Midland Bank, Mortgage
  • Marine Midland mortgage
  • Marquette Savings Bank
  • Maspeth Federal Savings Bank
  • Mellon Mortgage Company
  • Mercantile Bank
  • Mercantile Mortgage
  • Merchants Bank
  • Midfirst Bank
  • Mid-State Bank
  • Midwest Savings Bank
  • National Standard Mortgage
  • Nationsbanc Mortgage
  • NationsBank South National
  • NationsBank, Southeast Reg.
  • New York State Mortgage
  • North American Mortgage
  • North County Bank
  • North Fork Bank
  • North Valley Bank
  • Northwest Community Bank
  • Norwest Bank
  • Norwest Bank of Minnesota
  • Norwest Bank of New Mexico
  • Norwest Mortgage, Inc.
  • OCWEN Federal Bank
  • Oswego County Savings Bank
  • Palmetto Federal Svngs Bank
  • Pawling Savings Bank
  • People's Bank
  • PFF Bank & Trust
  • PG&E
  • PNC Mortgage Corp.
  • PNC Realty Holding Corp.
  • PNC Realty Holding-Residntl
  • Prism Properties, Inc.
  • Providian Savings Bank
  • Providian National Bank
  • Queens County Savings
  • Regions Bank
  • Reliance Federal Svngs Bank
  • Repo Properties/Swing Loans
  • Republic Bank
  • Republic National Bank
  • Residential First, Inc.
  • Resolution Trust Corp.
  • Resource Bancshares Mortgage
  • Retained Realty (Emigrant)
  • Richmond County Savings
  • Riggs NB of Washington, D.C.
  • Riverside National Bank
  • Roosevelt Savings Bank
  • Rural Econ&Comm Dev-House/CO
  • Santa Monica Bank
  • Seafirst Bank
  • Security National Services
  • Security Pacific National
  • Small Business Admin-DC Office
  • South Side NB
  • Southern Pacific Bank
  • SouthTrust Bank
  • SouthTrust Bank of SW Florida
  • Spencer Savings Bank
  • State of New York Mortgage
  • State Street Bank & Trust
  • Sumitomo Bank & Trust
  • Summit Bank
  • SunTrust Bank Central Florida
  • TCF Bank Savings
  • TERRA Commercial
  • Three Rivers B & T Co.
  • TMS Mortgage, Inc.
  • Troy Savings Bank
  • Trustmark NB
  • U.S. Trust Co.
  • Union Bank
  • Union Federal Savings Bank
  • Union Planters Bank
  • Union Planters National
  • United Companies Lending
  • United Cooperative Bank
  • USTrust
  • V&D Realty USA Corp.
  • VA-New Hampshire
  • Wall Street Mortgage
  • Washington Mutual SB/Resid REO
  • Webster Bank
  • Wells Fargo Bank, N.A.-Resid
  • Wells Fargo-Comm
  • Willshire Funding Corp.
  • Woodsville Guarantee Savings
  • World Saving & Loan
  • World S & L-Multi Family
  • World Savings & Loan
  • Yasuda Bank and Trust

> Contact Janine Pumyea About REO / BPO Real Estate




























Pumyea Associates services the following communities:
Leominster Massachusetts Real Estate, North Central Massachusetts, Realestate, Fitchburg, Leominster, Gardner, Winchendon, Ashburnham, Lancaster, Hubbardston, Lunenburg, Erving, Phillipston, Townsend, Ashby, Princeton, Warwick, Athol, Gardner, Royalston, Wendell, Ayer, Groton, New Salem, Shirley, Westminster, Baldwinville, Harvard, Orange, Sterling, Winchendon, Barre, Petersham, Templeton,


broker price opinions, broker price opinion, broker price opinion companies, portfolio due diligence,default loan sales, loan valuation, field services, value reconciliations, collateral valuation, reo management, reo marketing, bpo services, reo services, avm, foreclosures, repo homes, bank homes, reo, bpo, reo real estate, mortgage servicing, reo servicing, reo asset management, reo asset managers, reo agents, reo vendors, reo attorneys, title companies, property preservation, reo bpo services, Register for broker price opinions, reo bpo asset management, bank reo properties, bank homes repo, reo conferences, reo foreclosure homes, register for bpo services,reo Leominster, reo Fitchburg, reo gardner, reo foreclosure Massachusetts

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reo Massachusetts - Google News

reo Massachusetts - Google News

Google News


01/26/2012 11:26 AM
Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ... - MarketWatch (press release)

Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ...
MarketWatch (press release)
Nationwide REO Brokers, Inc., a Massachusetts-based firm, has recently expanded their default service offerings to include Rental and Property Management for properties acquired by investors or through foreclosure action or deed in lieu of foreclosure.

and more »

02/03/2012 11:27 AM
U.S. Home Prices Dip Nationally 4.7% in 2011, Says CoreLogic Report - World Property Channel

The Real Deal New York

U.S. Home Prices Dip Nationally 4.7% in 2011, Says CoreLogic Report
World Property Channel
Distressed sales include short sales and real estate owned (REO) transactions. "While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market recede, ...
US property prices fell 4.7% nationwide in 2011, latest data showsProperty Wire
Nevada Home Prices Down 60 Percent Since Market PeakLoanRateUpdate (press release)

all 52 news articles »

01/27/2012 05:30 AM
Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ... - Business Wire (press release)

Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ...
Business Wire (press release)
Nationwide REO Brokers, Inc., a Massachusetts-based firm, has recently expanded their default service offerings to include Rental and Property Management for properties acquired by investors or through foreclosure action or deed in lieu of foreclosure.

and more »

01/10/2012 04:14 PM
Nationwide REO Brokers, Inc. Offers Third Party Foreclosure Review and ... - MarketWatch (press release)

Nationwide REO Brokers, Inc. Offers Third Party Foreclosure Review and ...
MarketWatch (press release)
Nationwide REO Brokers, Inc., a Massachusetts-based firm offers independent third party foreclosure certification services to validate legal and procedural requirements have been met, providing a loan level review and legal opinion. BRAINTREE, Mass.

and more »

01/11/2012 11:58 AM
Nationwide REO Brokers, Inc. Offers Third Party Foreclosure Review and ... - Business Wire (press release)

Nationwide REO Brokers, Inc. Offers Third Party Foreclosure Review and ...
Business Wire (press release)
Nationwide REO Brokers, Inc., a Massachusetts-based firm offers independent third party foreclosure certification services to validate legal and procedural requirements have been met, providing a loan level review and legal opinion. BRAINTREE, Mass.


02/03/2012 03:13 PM
Orlans Associates, PC and eTitle Agency Engage Cody High School Students for ... - MarketWatch (press release)

Orlans Associates, PC and eTitle Agency Engage Cody High School Students for ...
MarketWatch (press release)
About eTitle: Headquartered in Troy, Michigan, eTitle was founded in 2000 and provides title and closing services for residential, commercial and REO property transactions throughout Delaware, District of Columbia, Maryland, Massachusetts, Michigan, ...

and more »

01/28/2012 12:04 PM
2012 Massachusetts Real Estate Market Survey - Patch.com (blog)

2012 Massachusetts Real Estate Market Survey
Patch.com (blog)
Rather than run a standard metrics-based market forecast this year, I decided to survey a cross-section of Massachusetts real estate realtors and mortgage professionals to hear from them on the upcoming spring and the 2012 real estate market in its ...

and more »

02/01/2012 12:12 AM
Nightlife Highlights: February 2012 - Chronogram

Nightlife Highlights: February 2012
Chronogram
North Adams, Massachusetts. February 4. Another new unit is the Weasel Walter Trio, which is headed by Chicago noise/free jazz/grindcore multi-instrumentalist Weasel Walter (Flying Luttenbachers, Hatewave, Lake of Dracula) and hits the Spotty Dog this ...


01/31/2012 02:40 PM
Reno & Cavanaugh Grows Affordable Housing and Economic Development Practice - Citybizlist (press release)

Reno & Cavanaugh Grows Affordable Housing and Economic Development Practice
Citybizlist (press release)
They also advise businesses involved in energy-related initiatives and those seeking to acquire HUD and Enterprise-owned single-family homes (REO). "Reno & Cavanaugh has an outstanding reputation in the practice of housing and real estate law," said ...


01/20/2012 08:23 AM
People's United Lags Ests, Rev Down - Daily Markets

People's United Lags Ests, Rev Down
Daily Markets
Nonperforming assets were 2.00% of total loans, REO and repossessed assets, compared with 1.88% in the previous quarter and 2.09% in the year-ago quarter. In the fourth quarter of 2011, return on average assets was 0.86% and return on average tangible ...

and more »

reo property inspection - Google News

reo property inspection - Google News

Google News


02/03/2012 08:18 AM
Kathy Yamamoto: Banks must make disclosures to buyers - The Salinas Californian

Kathy Yamamoto: Banks must make disclosures to buyers
The Salinas Californian
QUESTION: I'm purchasing a bank owned (REO) property and I am told that the purchase must be in “as is” condition. Do I have any legal basis for expecting that certain conditions of the property must be made known to me? ANSWER: When buying a home, ...

and more »

02/03/2012 10:04 PM
A real estate investing guide for 2012 - Washington Post

A real estate investing guide for 2012
Washington Post
They will often seek to reduce their risk by buying a diversified portfolio such as office or apartment buildings, commercial or industrial property, mortgage notes or even bank-owned real estate (REO). For those looking to actively manage their real ...


02/04/2012 06:32 AM
Government officials testing plan for foreclosed homes - Lancaster Eagle Gazette

Government officials testing plan for foreclosed homes
Lancaster Eagle Gazette
Hastings cited the spotty histories of Fannie and Freddie as a concern in them picking buyers. » Will the properties be inspected and have to meet codes before they're rented out? » Exactly how many years would the properties have to be rentals?

and more »

02/04/2012 01:58 AM
Negotiating real estate commissions - Sioux City Journal

Negotiating real estate commissions
Sioux City Journal
They usually offer to share their listing information with other brokers via a regional multiple listing service and promote it on their website, but the broker may ask the owner to handle prospect inspections and open houses themselves.


01/26/2012 11:26 AM
Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ... - MarketWatch (press release)

Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ...
MarketWatch (press release)
RPM enhances the default solutions suite already offered by NREOB, which includes REO management and sales, inspection and valuation services, property preservation and eviction as well as forensic, quality control, title curative and closing services.

and more »

01/27/2012 05:30 AM
Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ... - Business Wire (press release)

Nationwide REO Brokers, Inc. offers Rental and Property Management Services to ...
Business Wire (press release)
RPM enhances the default solutions suite already offered by NREOB, which includes REO management and sales, inspection and valuation services, property preservation and eviction as well as forensic, quality control, title curative and closing services.

and more »

01/31/2012 01:43 AM
Should You Buy a Foreclosure? - NASDAQ

Should You Buy a Foreclosure?
NASDAQ
You can also get mortgage financing to buy an REO, though it probably won't be through the same bank that's selling you're the property. Finally, you can inspect the home before buying. The savings usually aren't as great on an REO as buying at a ...

and more »

01/24/2012 08:29 PM
Integra Group Real Estate Experiences Substantial Growth in 2011 - EON: Enhanced Online News (press release)

Integra Group Real Estate Experiences Substantial Growth in 2011
EON: Enhanced Online News (press release)
(EON: Enhanced Online News)--Integra Group Real Estate LLC, a brokerage firm specializing in the marketing and sale of REO, HUD and distressed properties in Southern Arizona, reported the company sold nearly 400 distressed homes in 2011, ...

and more »

01/27/2012 11:17 AM
What Should the Government do to Address the Inventory of Foreclosed... - Mortgage News Daily

What Should the Government do to Address the Inventory of Foreclosed...
Mortgage News Daily
The Enterprises and FHA make available for bulk sale all one-to-four unit single family homes and condominium REO inventory (properties may be tenant-occupied or vacant at the time of disposition). Bulk buyers are asked to construct custom REO pools ...


02/01/2012 03:59 PM
Ralph Suarez Selected For "Top 250 Teams By Transaction Sides" - PR Newswire (press release)

Ralph Suarez Selected For "Top 250 Teams By Transaction Sides"
PR Newswire (press release)
Ralph is a native of Los Angeles & has been working in real estate for the past 18 years. He is highly respected & is skilled in residential, multi-unit residential,& commercial properties. His main focus is REO properties. Ralph is not only an agent, ...

and more »