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Please Read and Sign the Following NonCircumvention/NonDisclosure Agreement. Parties and Purpose The undersigned Parties are mutually desirous of doing business with KINGDOM FIRST PROPERTIES, LLC
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01
Residential REOs: 1. Collect and review necessary property information such as address, square footage, number of bedrooms and bathrooms. 2. Evaluate the property's condition and any necessary repairs or upgrades. 3. Determine the market value of the property using comparable sales data. 4. Fill out the residential REO form with accurate and detailed information about the property.
02
Commercial REOs: 1. Gather information about the property including location, size, and any unique features. 2. Conduct a thorough inspection of the property to assess its condition and potential value. 3. Research the local market and comparable sales to determine an appropriate listing price. 4. Complete the commercial REO form with all relevant property details and market analysis.

Who needs residential reos and commercial?

01
Real estate agents and brokers who are listing bank-owned properties for sale.
02
Investors looking to purchase distressed residential or commercial properties at a discounted price.
03
Financial institutions and banks that have foreclosed on properties and need to sell them to recoup losses.
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Residential REOs (Real Estate Owned) are properties that are owned by a lender, typically after foreclosure, primarily used for residential purposes. Commercial REOs refer to properties that are owned by lenders after a default, intended for business or commercial use.
Lenders, banks, and financial institutions holding real estate owned properties are required to file residential and commercial REOs.
To fill out residential and commercial REOs, entities must complete the required forms accurately with details about the property, including its address, description, financial information, and any relevant disclosures.
The purpose of residential and commercial REOs is to report the status and details of properties owned by lenders. This data helps in assessing market conditions, valuations, and ensuring compliance with regulatory requirements.
Information that must be reported includes property details (address, type, size), financial data (valuation, outstanding loans), status of the property, and any applicable regulatory information.
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