REO/Foreclosure Services

Since 1991 Realty Network, Inc., REALTORS has provided a single-source for REO (Real Estate Owned) management, sales, marketing and closing functions. Our REO division specializes in Bank owned REO properties in Maryland, Washington DC and Northern Virginia. Having Realty Network, Inc., REALTORS handle your property disposition needs you know that knowledgeable REO professionals are handling all of the details. Realty Network, Inc., REALTORS has extensive knowledge and experience working with some of the largest banks and asset management companies in the country and would like the chance to show you how we have raised the bar on REO sales & marketing expectations.

Realty Network, Inc., REALTORS provides comprehensive case-management technology deployable to clients via the internet. In addition, we offer state of the art target marketing, exposure and Multiple Listing Service to sell properties quickly. Our systems consistently produce outstanding results for our clients.

While the best technology allows for the most efficient management of the myriad of case details in the life cycle of an REO asset, there is no substitute for technical expertise and experience in the brokerage aspect of REO negotiation and liquidation. In that regard, Realty Network, Inc., REALTORS has unparalleled depth in its management team which, has managed the disposition of properties from Upper Bracket Luxury Homes to shell properties for the last fifteen years.

Working with Realty Network, Inc., REALTORS will ensure closing issues are addressed quickly and the closing and delivery of your proceeds is timely. Our average days on the market is 33 days with a sale price to list price ratio of 97.65%

The goal of Realty Network, Inc., REALTORS is to become a virtual extension of our client by pro-actively crafting a partnership focused on reducing loss severity while accelerating disposition velocity and limiting client liability.

We are prepared to assist you with your immediate servicing needs whether you have one or 100 properties.

We recognize the importance of providing our client’s quality service and superior performance levels at all times. For a demonstration of remarkable REO asset disposition services, please contact our REO department.



  • Initial Drive-by Inspection in less than 24 hours of request
  • Re-key & Secure (Install Lock Box)
  • Eviction Assistance / Cash for Keys
  • Repossession Assistance
  • Inform Lender of Occupancy or Status
  • Complete Broker’s Price Opinion
  • Arrange for trash removal
  • Initiate utilities
  • Arrange to Winterize Property (when needed)
  • Arrange for lawn care and cleaning
  • Suggest appropriate repairs or renovations
  • Obtain bids for repairs or renovations
  • Discuss potential marketing strategies/positioning with Lender
  • Arrange for inspection of property by Appraiser
  • Place in Regional MLS & Provide written verification
  • Post appropriate signage
  • Follow up all showings for buyer feedback
  • Monitor home for security, cleanliness & lawn care
  • Supervise repairs and advise when completed
  • Complete status reports as needed.
  • Updated BPO as requested
  • Handle all emergency repairs or situations
  • Keep Lender informed of property status.
  • Pre-qualify potential buyer’s ability to secure financing.


  • Advise REO department of all offers
  • Send copy of signed contract to Lender
  • Arrange for and monitor loan processing
  • Inform Lender of appraisal requirements
  • Monitor all contingencies in agreement
  • Report any problems immediately
  • Advise REO department when closing is scheduled
  • Send HUD-1 via FAX or electronic transmission
  • Submit all final bills for payment