REO / Distressed Properties

Real Estate Owned (REO) and Distressed Properties

In 2008, the real estate market crashed from the amount of debt incurred by financial institutions; real estate prices dropped, foreclosures rose, and the federal government attempted to stabilize the market. Since that time, the American economy has continued to reel from the effects of the crash. This has created unique challenges for financial institutions, property owners, and investors. It has also increased the importance of businesses that provide real-estate-owned (REO) and distressed property services.

REOs are lender owned properties that have already been through foreclosure. The lender owns the property because no one could cover the amount owed against the property at auction. REO properties are beneficial for investors because the lender usually sells the property for less than the past loan balance. Prior to sale, the responsibility of the lender is to maintain the property, so that it can be sold at the listed price. Athens Property Solutions  provides REO and distressed property services to help the lender ensure the property’s value.

 

Athens offers the following REO and Distressed Property services:

  • Lock changes
  • General cleaning services
  • Clean out (removing all materials from the home)
  • Winterization
  • Post-construction clean up
  • Repairs and Estimates
  • Hazard Clean Up

 

Athens Property Solutions offers a 10% discount off of our REO and Distressed Property services for all military, fire, police, and their direct family.

Please contact us for a free quote.

We proudly serve the greater mid-Atlantic region, offering REO & distressed property clean up and restoration in Baltimore (MD), Harrisburg (PA), Philadelphia (PA), York (PA), Dover (DE),Newark (DE), Wilmington (DE), and more.  For a full list of our service areas, take a look at our locations page.

For immediate, 24/7 assistance, please call 443-205-1181.

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