Welcome to BestConnects.com's REO Services.

BestConnects.com is Greater Birmingham Area's most comprehensive and convenient default/foreclosure marketplace for REO asset managers, mortgage servicers, lenders, homeowners, investors and real estate professionals. 

What can we do for you?

REO Pre-Marketing Services  

BestConnects.com provides REO Pre-Marketing Services with an unwavering focus on ensuring that each property is placed in safe marketable condition as soon as possible following foreclosure or eviction.     

Additionally, BestConnects.com understands the critical importance to presenting quickly and cost effectively REO properties in clean, safe and marketable condition.  BestConnects.com contractors understand that making a good first impression can greatly reduce the time the property is on the market enabling the property holder best possible value and quickest disposition. BestConnects.com achieves these critical goals through a proactive approach to re-key, trash out, debris removal, lawn care, consumer/property safety and general repair.

  BestConnects.com’s REO Pre-Marketing Servicers have extensive experience in real estate, insurance, appraisal, construction, maintenance, home repair and remodeling. BestConnects contractors "have been there and done that" Our REO Pre-Marketing Servicers communicate effectively. These individuals "speak the REO language" working with you to facilitate the placement of the asset on the market while ensuring quality work to preserve and protect each property.   

BestConnects 48 Hour Pledge

Occupancy information will be provided within 48 hours of order. If the property is found to be occupied, BestConnects.com will initiate a Cash-for-Keys settlement. Vacant properties will be re-keyed and secured within 48 hours of confirmation of vacancy.

Valuation & Inspection Services

BestConnects.com's Inspection Services provide timely and accurate information regarding property valuation, occupancy status, first time vacancy, and property condition. Inspections are completed by licensed real estate agents and inspectors in compliance with Investor/Insurer guidelines. BestConnects.com provides the client with direct and immediate information and works diligently with inspector servicers to ensure timely completion. BestConnects will perform interior and exterior visual inspections within 48 hours of request. The combination of both services allows us to effectively and accurately evaluate property condition immediate need, inside and out. BestConnects.com offers the following Property Inspection Valuation Services:

Foreclosure/REO Appraisal Services

Homes in default and or foreclosure may present special appraisal challenges.  BestConnects REO Appraisal Servicers have the experience and training to deal with the special dynamics of a foreclosure appraisal. We understand your timeline and the unique circumstances of an REO property, whether it’s a fair market value or quick disposition sale BestConnects is committed to providing quick and accurate valuation.

BestConnects 72 Hour Pledge 

Appraisal turn around times are 72 hours (3 business days) from the time of the visit completion for non-complex residential properties other then income properties. Times may be extended due to major or traditional holidays.

Services and Fees

 

Single Family Home	$350
Single Family Home over $300,000	$450
Duplex or 4-Plex Appraisal	$750
Form 2055 Limited Appraisal	$250
Commercial Appraisal	Varies ($1,500 +)

Monthly Interior Inspections on Vacant and Secure Properties

BestConnects.com provides the option of ordering interior monthly inspections on vacant and lockbox-secured properties to allow compliance with the accepted interpretation of the Investor/Insurer guidelines for interior inspections. We will provide information 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 alert the client to any visible damages or situations that, if not addressed immediately, could lead to damages or the issuance of a citation by the city.

 

One, Two or Three Contact

Attempt Inspection

Contact inspections are generally ordered by mortgage servicers and lenders when contact must be attempted with the borrower. One attempt is made to contact the mortgagor during a visual exterior inspection for occupancy verification per Client instruction and/or Investor/Insurer guidelines with a property description and no interior access. A message will be provided to the mortgagor to contact the Client's facility at a specified phone number and extension.

 

Deed in Lieu of Foreclosure Inspection

Upon request, BestConnects.com will meet with the mortgagor to review the terms and conditions of the deed in lieu title transfer. On the transfer date, BestConnects.com will again send an inspector to meet the mortgagor at the property to verify the property condition, including whether appliances remain at the property, utilities have been maintained, all debris removed, etc. and the notation of any property damages. While at the property, the inspector can immediately secure/winterize the property and provide photo documentation to support the condition of the property. Any items needed to place the property in convey/marketable condition will be reported and a bid submitted to the Client.

 

Mobile/Manufactured Home Inspections

BestConnects.com will flag a mobile/manufactured home at the time of the initial inspection. From that point forward, we will attempt to identify the VIN number and HUD tag, report if the property is affixed to the ground, and provide a property description on all inspections. No interior access is available unless the property is vacant and non-secure.

 

Field Inspection to Verify Occupancy

BestConnects.com will perform a contact inspection for occupancy with no interior access and two attempts to verify the names of the property occupants. We will check with neighbors, review the name on the utility account, and check local phone books for listings if contact is not made with the occupant. These services can be utilized for eviction proceedings or quality control on origination.

 

Fannie Mae Form 30

Property Inspection

For Federal National Mortgage Association (Fannie Mae) loans, as designated by the Client, BestConnects.com will visually inspect the property in accordance with the current inspection requirements of Fannie Mae. Photographs may be provided with the inspection result if required by the applicable regulations.

 

Sale Date Inspections

BestConnects.com will perform a contact inspection for occupancy performed on the foreclosure sale date as provided by the Client. We will check with neighbors, review the name on the utility account, and check local phone books for listings if contact is not made with the occupant. Communication with third parties is limited to inquiring about the name of the property occupant.

 

Presidential FEMA Inspection

BestConnects.com will perform a visual, exterior inspection to determine whether the property has sustained visible damage due to a Presidential-declared disaster. These can be performed on occupied and vacant, current and delinquent properties.

 

REO Property Preservation Services

 

BestConnects.com secures and adequately protects vacant and abandoned properties throughout default, foreclosure, and conveyance by offering a multitude of services and abiding by FHA preservation guidelines when needed.

 

We continually communicate with BestConnects contractors to ensure they are knowledgeable in the various Investor/Insurer requirements and are completing work within agreed upon timeframes and requirements, providing supporting photo documentation of all information reported and services completed, and utilizing the most cost-effective procedures to help eliminate out-of-pocket expenses for our clients.