Offering opportunity and value in all market conditions
What We Do
Mike Wilen Group Coldwell Banker represents major banking institutions, government entities and capital sources in all aspects of REO/Foreclosure management, sales and marketing. We’ve done this for more than a decade by having great people work together.
Provided or Providing REO Services For
Goldman Sachs, Carrington Mortgage Servicing, Zion’s Bank, Washington Mutual WAMU – J.P. Morgan Chase Commercial, First Preston, PMH Financial, Fannie Mae, PHH Mortgage – Guaranteed Rate, Bankers Asset Management, iServe, M&T Bank, USDA, Penny Mac, Green River Capital – Radian, CIT Group, Bank United, Freddie Mac, HSBC, Community Resource Bank, James Nutter, USAA One City National, CLMG, Caliber Home Loans Fay Servicing, One West Bank, Bank of The West, City National Bank, Rushmore Servicing, Nation Star – Mr. Cooper, Huntington Savings, Bank of America, HUD, Minnesota Housing Finance, Beal Bank, Regions Bank and Deutsche Bank.
Minnesota REO Experts
Positioning your property in front of more potential buyers than anyone else.
Today, we have assisted 35+ of the most sophisticated, global institutional clients including public and corporate funds, endowments, national agencies, sovereign wealth funds, and central banks.
It is our intention to mitigate all risks associated with the disposition of OREO in Minnesota.
Carefully Coordinating Details
Mike Wilen Group has dedicated professionals to make sure your properties are carefully protected from unseen and or erroneous fees. We offer prompt execution of utility hookup and transfer, city inspection services, private sewer and well inspections, and Minneapolis category 1,2, and 3 building inspection coordination.
REO Valuation Methodology
The statistics presented in all market reports are based on all property sales available in each defined market area at the time a report was prepared. Additional sales data for the same time period may fall into public record as they are recorded after the original report was prepared. Only in rare exceptions (such as a typo or mistake) will these market reports be revised. Sales used within the market reports are market-wide and not only an analysis of the sales of Coldwell Banker Realty.
To provide market-wide trends based on available historical information. It is inappropriate to use this data as the basis of a valuation of a specific property.
It is improper to apply these statistics to the square footage, room count or other attributes of a specific property in order to derive an opinion of its market value. Improper use of this data would be similar to using the Dow Jones Industrial Average to price a specific stock in a portfolio.
Market Wide Analysis
It is important to note that property amenities including, but not limited to view, physical condition, layout, quality and type of construction, square footage, number of bedrooms, lot size, financial condition and security have a significant influence on values within the same county, neighborhood, zip code, building, or any other market or sub-market.
Streamlining REO Workflow Protocol
Execute Listing Agreement – Immediately
Initial Occupancy Inspection – Same day as task
Cash For Relocation – Funds available
Property Inspection Report – Same day
Rekey – Same day
Repair bids – Same day
BPO / Photos – Same day
Utility Hookups – Same day
Listed in the MLS – Same day
Post in the ground sign – 48 hours
Professional photography – 48 hours
Host Open Houses – first weekend (if wanted)
Monthly Marketing Reports – Same day
Fast auction turn times
City and municipality compliance inspections