Banked Owned REO properties and Neighborhood Escrow Inc.
Neighborhood Escrow is the ideal company to work with for all kinds of real estate transactions. We’ll give you tremendous peace of mind every step of the way with our close attention to detail, responsible agents, unparalleled experience, and easygoing demeanor. We will diligently make sure no property or money changes hands without all details stipulated in the Purchase Agreement and other binding documents have been followed. One area of expertise that we’d like to highlight for you today is: Bank Owned REO properties.
What are banked owned REO properties?
Bank owned REO is a term that indicates that a property is owned by a lender. REO stands for “Real Estate Owned.” This lender is, in most cases, a bank, government agency, or government loan insurer. A property may be a banked owned REO because of an unsuccessful sale at a foreclosure auction. So many financial institutions have relied on the experts at Neighborhood Escrow to help them close these transactions in an efficient, effective manner. No matter how simple or complicated your escrow transaction may be, you can trust the experienced agents at Neighborhood Escrow to meet all your needs.
Do I need to work with an escrow agent for a banked owned REO property transaction?
Yes, we highly recommend working with an escrow agent for with your banked owned REO property. It will give you the confidence that your real estate transaction will be handled properly, with all necessary details being followed to the letter. Your escrow agent at Neighborhood Escrow will attend to many essential tasks so you won’t have to worry – including making sure instructions from all parties involved are mutually consistent, paying bills on time and in full whenever authorized to do so, and accounting for all the terms when escrow is finally closed.
Service locations throughout Southern California
Sometimes it can be really helpful to speak with an escrow agent in person. Talking over the phone is great, plus it’s super convenient – but when you’d like to meet with an agent in person, we would love to meet with you at any of our 6 locations in various parts of South Bay, CA. You can find us in the following areas:
- Hermosa Beach
- Palos Verdes
- The South Bay
- Manhattan Beach
- Redondo Beach
- Torrance
Specific location information can be accessed here.
Serving you since 1985
For over 41 years, so many people just like you have chosen Neighborhood Escrow for all their escrow needs. We have many years of experience processing escrows for all kinds of properties including:
- Residential homes
- Commercial properties
- Banked owned REO properties
- Income properties
- Multi-unit income properties
- And more
We also provide impeccable escrow services for resale and refinancing of residential and commercial properties. Our highly qualified escrow agents are always ready and willing to assist you with all your escrow needs. Contact us today by calling 310-378-2456.
