REO & Mortgage Services
Michigan Management and Property Maintenance provides a wide variety of REO and Mortgage Services to investors, banks, asset managers, and REO brokers. Please
contact us for more information or to develop a customized REO plan.
REO Experience
The MMPM team has experience on the following multi-family REO projects:
- 1,600 Bed REO Student Housing project, post-foreclosure rebranding, renovation, and lease-up in Urbana, IL (University of Illinois)
- 9 Unit REO Student/Faculty Housing post-foreclosure takeover & stabilization, Detroit, MI (Wayne State University)
- 50 Unit REO Student Housing stabilization for disposition, Lansing, MI (Cooley Law School & Lansing Community College)
- 200 Unit REO turnaround project in Monroe, MI
- 235 Unit REO Student/Conventional stabilization for disposition in Ann Arbor, MI (University of Michigan)
- 30 Unit REO Student/Conventional stabilization & lease-up for disposition in Ann Arbor, MI (University of Michigan)
- 65 Unit REO stabalization for disposition, Eaton Rapids, MI
REO Property Management
- Current Tenant Management - Protecting Tenants at Foreclosure Act of 2009 Compliance
- Borrower-to-Tenant Management
- Convert REOs to Occupied Rental Properties
- Tenant Management During Sale
- REO Project Management
- REO Leasing
- REO Eviction
- REO Property Inspection
- Detailed Property Reports and Photos
- Maintenance & Repairs
- Property Cleaning
- Tenant Move Out Checklists
- Damage Documentation
REO Property Maintenance
- Board Ups
- Winterization
- Re-keying, Lock Changes, Lock Box Installation & Coding
- Trash Outs
- Lawn Maintenance
REO Inspections
- Initial and Routine Inspections
- Pre-Foreclosure Inspections
- Occupancy Inspections
- Sale Inspections
Mortgage/REO Preservation Services
- Evictions
- Board-Ups
- Lock Changes, Re-keying, Lock Box Installation & Coding
- Trash-Outs
- Winterization
- Roof Repair
BPO - Broker Price Opinion
- Quick Response
- Fast BPO Turnaround
- Large Metro Detroit Service Area
The Protecting Tenants at Foreclosure Act of 2009 ensures that tenants in foreclosed properties can remain in place through the end of their lease in most situations. Michigan Management and Property Maintenance can manage these tenants including collecting rent, managing work orders, and compliance. Rental income is dispersed monthly along with detailed statements.
