My name is Ray Duran, Jr., second generation Real Estate Broker, licensed in California, with over 33 years full-time Real Estate and REO sales experience, in the Los Angeles and Orange County areas. My goal is to exceed all your expectations!
TRACK RECORD
I have listed and sold over 1,500 REO properties in my career and worked with over 30+ banks, servicers and outsourcers selling their REO portfolio. I understand the REO Management/ Eviction/Sales process and have the team, personality and organizational skills needed to offer the highest level of service. My team and I are also bilingual in Spanish.
REO PLATFORMS
- Equator
- RESNET
- Exceleras
- Orange Grid
- REO Genesis
- Pyramid
- Will add platforms as needed by clients
CLEAR UNDERSTANDING OF
- Standard REO, HUD, Reverse Mortgage REO and Short sales
- Responsibilities and expectations of an REO Broker
- CA ASSEMBLY Bill 2170 – 30-day first look period
- Required insurances and coverages (E&O, General Liability, Workman’s Comp, etc
- REO assignment process
- Timely completion of tasks
- Performance report cards
- Importance of obtaining occupant info
- Weekly occupancy checks
- BPO’s and Valuations
- Marketing Repair recommendations
- Permit research
- AS-IS or Repaired strategies
- Reimbursement process
- Relocation Assistance
- Eviction process to include posting notices and appearing as a witness in eviction trials
- Marshall lockouts
- Property preservation
- Utility management
- Sales and marketing to include professional photography, video, 3d Virtual tour, drone areal views, floor plan layouts and other custom marketing strategies to enhance property appeal
- REO contracts, offer negotiation and closing process
MEMBERSHIPS
NRBA, NADP (formerly REOMAC), NAHREP, AAREA, CAR, NAR, CRMLS, Realtor Designation