Carol Gallegos

Perform a broad range of highly complex duties related to disposing of real estate owned (REO) properties. Duties include valuing, repairing, maintaining, listing, marketing, negotiating offers, selling, and closing properties. Recommend action to resolve discrepancies. Compile data and prepare a variety of complex reports. Operate with lead responsibility.

• Analyze broker's price opinions (BPO) and appraisals. Determine the list price based upon market conditions.
• Formulate the marketing strategy. List the property, monitor marketing efforts, complete price reduction and marketing plan as needed.
• Work with vendors to prepare property to market such as trash removal, yard work and interior cleaning.
• Coordinate repairs as needed. Review repair bids and issue repair approvals.
• Negotiate offers in accordance with corporate objectives. Obtain approvals.
• Train and develop brokers. Identify and recruit new brokers as needed.
• Coordinate and respond to inquiries and requests from internal staff, mortgage insurance companies.

Managed the process of selling foreclosed properties across a diverse geographic area.

• Analyze data to determine the appropriate marketing strategy that resulted in the highest return for the investor.
• Formulated a time / cost effective Initial Marketing plan.
• Reviewed assets in portfolio for price adjustments, repair completions, and strategy re-evaluations to enhance asset value.
• Negotiated and executed final sales contract with the highest market driven return possible.
• Evaluated and approved repairs based on an economic model. Negotiated with vendors to obtain the best repair prices.