A bank-owned property has gone through the foreclosure process and defaulted back into bank ownership. The bank hires a realtor to sell the home at a set price in an “AS IS” condition. When sold, the buyer is usually responsible for any repairs, upgrades or item removal. Foreclosures have the potential to weaken the home value in a neighborhood if they are left in a distressed or uncared-for condition for months at a time. Generally people do not want to live near an eyesore.

As the name suggests, a bank owned property is held and sold by the bank, an institution with no sentimental attachment to the property. There is often the perception that the buyer can get “rock bottom” prices for a bank owned property. However, there is a specific system used for determining the value of a home. With years of experience and countless BPO’s and REO sales completed we get the job done! We provide a full menu of services to support the sale, preservation and management of REO assets.
▪    We know how to customize the marketing for these special homes.
▪    We access and treat each REO asset individually. Each asset requires its own attention to detail.
▪    BPO’s with quick 24 to 48 hour turn around.
▪    Exceptional communication 24/7.

We have a full time team to handle the toughest REO properties.

Ewing & Clark  represents Banks in pricing and selling high value assets. 

If you are looking to unload a portfolio of high value assets or looking to purchase distressed high value assets call  please call Ewing  & Clark at 206-232-5700.
BROKERS OF FINE RESIDENCES, MANSIONS, AND ESTATES SINCE 1900

Seattle | Mercer Island  |  206-232-5700
Bellevue  |  Issaquah  |  Sammamish  |  425-392-5400
Kirkland  |  Redmond  |  Woodinvile  |  425-629-6311