310.777.6272
310.777.6272

REO Lender Services

Philip Boroda founded Coldwell Bankers REO and Foreclosure Divisions in 1991. He has offices in Beverly Hills and Sherman Oaks with a full support staff that understands all facets of Corporate Owned Properties. He has represented every major lender in the U.S.

Broker Service Areas by Zip Codes
90002, 90003, 90004, 90005, 90006, 90007, 90008, 90010, 90016, 90017, 90018, 90019, 90020, 90024, 90025, 90026, 90027, 90028, 90029, 90034, 90035, 90036, 90037, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90056, 90061, 90062, 90064, 90065, 90066, 90068, 90069, 90077, 90210, 90212, 90230, 90232, 90265, 90266, 90272, 90290, 90291, 90292, 90301, 90302, 90303, 90305, 90401, 90402, 90404, 90405, 91006, 91007, 91011, 91016, 91020, 91030, 91101, 91103, 91107, 91108, 91301, 91302, 91303, 91304, 91305, 91306, 91311, 91316, 91324. 91326, 91335, 91340, 91342, 91343, 91344, 91345, 91356, 91364, 91367, 91401, 91402, 91403, 91405, 91411, 91412, 91423, 91436, 91501, 91502, 91504, 91505, 91523, 91601, 91602, 91604, 91605, 91606, 91607, 91608,

If you don’t see the zip code you are looking for, we have a network of REO Brokers strategically located throughout the United States that we can refer.

Full Service Marketing Outline

Based on your particular need, we will:

1. Determine Occupancy and Secure: If vacant, the property will be secured immediately, and a lockbox installed as per your instructions. If occupied I am experienced in assisting with evictions, lockouts, testifying in court and cash for keys.

2. Check for possible safety concerns, trash & maintain: If there are safety concerns, I will let you know and have the problem addressed immediately. The property will be trashed and cleaned. If the cost is over the allotted amount I will get authorization from you. I will employ the appropriate people to maintain the property, such as gardeners, pool men, etc.

3. Turn on Utilities: This can be done in your name or mine, which ever way you prefer. At the close of escrow I will make sure they are turned off immediately.

4. Payment & Billing: Monthly reimbursements will be submitted according to your procedures.

5. Provide you with a complete Listing Package: This listing package will include a Broker’s Price Opinion, interior and exterior photographs, comparable listings, escrows and sales, bids to repair, a termite report, a Listing Agreement, marketing program, and any other information you may require. I will also make sure your appraiser is given immediate access and provided with any information needed.

6. Preparing the property to list: If you decide you want the property repaired I will employ contractors on your behalf, and provide you with photographs of the work upon completion.

7. Listing the property: During the course of the listing I will keep you informed via Monthly Marketing Reports. This will include any changes in market conditions, feedback from showings, and copies of all advertising. Please note that Coldwell Banker is a nationwide company, and I will implement a strong and aggressive marketing program to help expedite a sale.

8. Offers: When an offer is received it will be presented immediately, as per your instructions. For example some institutions prefer an “Offer Sheet”, which provides the terms and net to the seller. Others prefer receiving a copy of the offer and some want both. With all offers, I always request from the Buyer a pre-qualification letter and verification of funds.

9. Escrow: I will open escrow, generate the necessary paperwork, and make sure contingencies are met and keep you informed of the progress.

10. After closing escrow: Within 30 days of closing you will receive all outstanding invoices, which usually amounts to the final utility bill.

FOR A BPO OR LISTING ASSIGNMENT Call (818) 728-3944 or fax your request to (818) 995-7134