Gadish Properties CEO Takes You Inside the REO Process

LOS ANGELES, Sept. 9 /PRNewswire/ -- Ever evolving and expanding, Gadish Properties has experienced tremendous growth throughout the County of Los Angeles. Now selling homes throughout the state of California, Gadish Properties has taken the lead in the REO business. As one of the largest REO firms in the nation, Gadish Properties processes hundreds of REO's. Faced with a heavy and ever-increasing volume, it's no surprise that Gadish Properties has formulated a process to provide a quick, yet personalized and efficient service to its clients.

Offering insight into Gadish Properties, CEO Orit Gadish states, "Our goal is to exceed the expectations of all of our clients. Our job is to deliver quality service for each and every assignment. It's our job to make this process as quick and easy as possible by keeping lines of communication open at all times, while also updating clients on all aspects of the business process."

Due to numerous daily REO assignments, Gadish Properties must act in a timely and organized manner. When a property is assigned, occupancy is determined within two to three hours, which is much less than the traditional turnaround time of twenty-four hours. The client and legal team are then notified that the property is either occupied or vacant. If the property is determined to be occupied, Cash for Keys may be offered. If the property is vacant, Gadish Properties takes the necessary steps to secure the property via re-key. Post re-key, the following property preservation tasks are initiated: trash out, sales clean, carpet shampooing, lawn and pool maintenance. Gadish Properties works efficiently to prepare a property for sale as quickly as possible. If extensive renovations are needed, Gadish Properties ensures contractors provide timely and cost-effective bids. Gadish Properties also provides initial Broker Price Opinions (BPO's) and suggests a competitive price, which allows for a speedy sale. Upon reviewing the provided BPO, the client then provides a listing price. Once this price is received, the property is immediately placed on the appropriate Multiple Listing Service (MLS) and marketing activities then commence to facilitate a quick sale. In this declining market, Gadish Properties is dedicated to providing low cost property preservation, and thus generating the highest return on each and every property for all clients.

SOURCE Gadish Properties, Inc.

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