Benefits You’ll Love with REOPeople
With us, you don’t just get a service – you get outcomes. Here are three big wins our clients enjoy:
24-Hour Secure & Assessment
We lock down vacant properties within 24 hours and perform a rapid Broker Price Opinion (BPO).
White glove
Preservation & Management
From arranging trash removal, cleaning, and repairs to paying utilities and HOA dues, we run point on all upkeep. Weekly property checks and updates are standard.
Aggressive marketing that gets you top dollar, quicker
Faster Sales & Maximized Recovery
Benefit to you: no more worrying about break-ins, weather damage or guessing at the value – you get immediate security and a clear game plan based on real market data.
Your asset protected and evaluated within a day
We handle the mess, you save time
Benefit to you: the property stays compliant and presentable without you lifting a finger, freeing you from day-to-day hassles.
We implement a BPO-driven pricing strategy and an exposure blitz (MLS, Zillow, Redfin, plus geo-targeted ads and email campaigns). Every lead is followed up, every offer is vetted for qualified buyers.
Benefit to you: A quicker closing at the best possible price – which means lower carrying costs and higher net recovery for your institution.
Marketing That Delivers
Since 1993, REOPeople.com has specialized in the marketing and disposition of REO and distressed residential properties on behalf of institutional clients. We partner with banks, mortgage lenders, and asset managers to accelerate timelines, reduce holding costs, and maximize asset recovery.
Our Full-Spectrum REO Marketing Plan Includes:
Proven Marketing
Predictable Results
Professional Photography & Drone Footage: Showcase curb appeal and property condition with high-definition visuals.
MLS & National Syndication: Listings are distributed to Zillow, Redfin, Realtor.com, and over 750 portals for maximum exposure.
Digital Campaigns: Geo-targeted ads on Facebook, Instagram, Google, YouTube, and LinkedIn.
Virtual Staging & Custom Property Websites: Engage investors and retail buyers with immersive content.
Real-Time Lead Capture: Property signage with QR codes and landing pages drive direct buyer inquiries.
Buyer Screening & Offer Strategy: Every buyer is prequalified, and each offer is assessed for ROI and timeline fit.
Weekly Feedback & Reporting: Interactive updates and strategy reviews keep asset managers fully informed.
Why Institutions Choose Us
Our team has closed over 1,850 REO transactions and completed more than 8,000 BPOs completed throughout Southern California. If priced correctly, our listings routinely sell in 30 days or less.
We understand the urgency behind every asset assignment. That’s why banks and asset managers—Bank of America, Fidelity National Asset Management, and FDIC—chose us in the past for execution, accuracy, and peace of mind during the last economic downturn.
Or call us directly at 626.386.8270
From Assignment to Close: Our REO Process
Provide a general summary of the services you provide, highlighting key features and benefits for potential clients.
Intake & Valuation
Confirm assignment terms, verify records, order Prelim Title Report, conduct drive-by inspection within 24 hours, and deliver BPO/CMA
Stabilize & Preserve
Re-key, board up, clean, and mitigate hazards
Communication & Reporting
Weekly, Bi-Weekly, Monthly Property Inspections on Bank Assets along with Listing Summary reports summarizing traffic and feedback as required
Price & Position
Prepare and present range of pricing to compare as-is / as-repaired pricing using tight comps within 1 mile Radius
Market & Exposure
Marketing campaign launched: Professional photography, drone footage, virtual tours, brochures, social campaigns (Facebook, LinkedIn, Google Ads)
Offer-to-Close & Post-Close
Qualify buyers, manage escrow, prepare and facilitate disclosures, verify funds, track repairs, and deliver final HUD/settlement statements
FAQs
What is REO?
REO stands for Real Estate Owned properties.
Who do you serve?
We serve the counties of Los Angeles, Orange, Riverside, San Bernardino, and Ventura.
How long does a sale take?
Our average sale time is less than 45 days. The key to quick close is pricing strategy.
What services are offered?
We offer accurate pricing, marketing, and property preservation.
What is your experience?
We have over 33 years of industry experience and served as approved vendors for various Asset Management companies and lenders selling REO and distressed properties.
Who is REOPeople.com?
At REOPeople.com, we specialize exclusively in the sale and management of residential REO (Real Estate Owned) assets. Led by seasoned brokers and REO specialists Vince & Melina Kalachian of Kalachian Enterprises, Inc at Keller William Realty Brokerage.
What is your turnaround time on BPOs?
We have successfully completed more than 8,000 within the past 2 Real Estate downturns and we are able to complete them within 24 hours of receipt.
How many transactions completed?
We have successfully completed more than 1,850 REO transactions.
Contact Us
Get in touch with us
(626) 386-8270
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Dedicated Asset Management Line
2025 ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
