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REO Explained

REO is an industry acronym for Real Estate Owned and is often used internally by banks and lending institutions when referring to property taken by foreclosure. Most banks have large portfolios of real property backed loans with some in good standing, some delinquent and some, unfortunately in foreclosure. The latter of which are the "REOs".

We buy REOs for cash with private funds and can close quickly.

Banks and lending institutions, REO Asset Managers and REO Brokers; please use the Contact Us page to reach out to us and share your listings. The criteria for the type of homes we purchase can be found on this site. For properties that fit our criteria, we can offer quick closings with all cash.

We buy from private parties too!

REP is interested in purchasing all types of residential property for fair market prices, based upon appraisals and market conditions. If you are a homeowner, landlord or investor considering the sale of your residential property, please drop us a note. We would appreciate hearing from you.

Details on the type and condition of property we are looking to buy can be found in the Type of Property We Buy section.

Our Strategy

Residential
Equity
Partners, LLC.
or REP is a privately held real estate investment company operating in multiple residential real estate market areas in the USA. We buy, remodel and sell residential real estate within these market areas. Some properties that fit our buy/rent criteria are retained long term as rentals. See below for some insight into how we operate and how our business model serves the community and our economy.

Buy: We typically buy properties out of bankruptcy, pre-foreclosure, foreclosure or other distressed situations. Single Family, Towne House, Condo and Multi-family each have a place in our portfolio and we would be interested in considering them all. More information on the type of property we buy and how to contact us is just a click away.

Property purchases for us usually begin with a comprehensive inspection and condition assessment. The properties meeting our investment criteria move quickly from offer, acceptance and right into escrow - then the real work begins.

Renovations and upgrades often include new flooring, new top-end appliances, new windows and major landscape overhauls too. Placing tenants begins the longer part of our growth strategy. We offer competitive rental rates and take excellent care of our properties and the tenants in them. This becomes profitable for us in the long run in building equity in real estate while providing reliable, well-maintained rental property in our communities.


Welcome

Private Lenders

We use private lenders to fund most of our property acquitisions. This is great for us so we can acquire more properties than if we had to fund every project 100%. This is really great for our private lenders too. They get an opportunity to participate in short-term, high-yield, secured investments. Where else can you find all of these components in a single investment - other than real estate? More information can be found within this website, starting with the Investor Center page.

Foreclosure Solutions

The housing crash and upheaval in the economy and job market that started in 2008 really hit a lot of people hard. The down-turn may have stabilized a bit, but there are a lot of people still recovering. If you are one of the tens of thousands of home owners facing difficult times with your mortgage, possibly facing the unpleasant prospect of losing your home to foreclosure; then you need to be armed with knowledge. There are lots of programs, government assistance and loan-modification tactics that may offer some relief, but these programs do not fit every situation. We can offer additional solutions that may turn out to be the best solution for you!

If you are in financial trouble with your home and would like to consider real-world and realistic solutions, then use the Contact Us page and let us know when you have time for a discussion. Free call, free information, no obligation, you are still in control - but you will have at least one more option to consider before it is too late.

Having Difficulty Selling Your Home?

We are buyers with private funding and can make immediate, all-cash offers with quick closing for single-family homes, condos and townhouses that fit our criteria.

Property Condition Assessments and Home Inspections

Are you having trouble selling your property due to electrical, mechanical, roofing, plumbing or other infrastructure system problems? We offer a no-cost consultation over the phone and complete, comprehensive inspections and detailed reports for a modest fee.

Market Areas Served

We are operating in the following market areas where we buy, sell, rent and perform property inspections. If your area is not on the list, you may still want to reach out to us so we can offer a referral to one of our affiliates.

StateMetro Area
WARedmond and Seattle
ORPortland and surrounding cities
NVReno/Tahoe Area
NVLas Vegas and Henderson
AZPhoenix and surrounding cities
AZTucson and surrounding area
CASan Francisco Bay Area including Sacramento
CASan Diego, Los Angeles and Santa Barbara area
TXHouston and cities within the beltway