Real Estate Owned Properties

Charlie J Coronado is the Estate Broker Associate and Business Development Leader at Coronado Real Estate Group of Harma Real Estate and Keller Williams Realty Encino-Sherman Oaks. Charlie has closed approximately 500 assets totaling more than $100,000,000 – and he shows no signs of slowing anytime soon! Charlie has extensive experience in listing, managing and selling REO properties in Southern California, making the Coronado Real Estate Group your go-to REO Specialists in the LA Metro Area!

We List, Manage and Sell REO Properties in the Los Angeles Metro Area!

Experience and Qualifications

BA From the University of California Los Angeles (UCLA)
Licensed professional since 2005
Member of the KW Realty Leadership Council (2014)
Recognized as a Platinum Producer (2009-2020)
Experience and Knowledge of REO Sales and Marketing
4 Licensed Team Members As Well As Unlicensed Support Staff
$2,000,000 in E&O Coverage and $2,000,000 in General Liability Coverage
Expert in Distressed Market REO/Short Sale Valuation
Background and Keen Understanding of Mortgage Lending
Approximately 500 Assets Sold – Totaling More Than $100,0000,000

Member Affiliations

California Bureau of Real Estate – Broker
Southland Regional Association of Realtors (SRAR)
Combined Los Angeles Westside MLS (CLAW)
Certified Distressed Property Expert (CDPE)
Graduate Realtor Institute (GRI)
Internet Sales Marketing Specialist Designation (IMSD)
Zillow Five Star Premier Agent
Certified Luxury Home Marketing Specialist & Million Dollar Guild Recognition

REO Operations & Responsibilities

Accurate Broker Price Opinions (BPO) in 24 Hours
List and Manage Listing on Multiple Listing Service
Promote Properties to Our Extensive Mailing List
Dedicated Team to Notify Potential Buyers
Weekly Property Inspection Service on Bank Properties
Timely Re-Keys and Emergency Repairs
Bilingual (English/Spanish)
Extensive Construction and Home Repair Background
Expert in Property Preservation Handling All Phases
Bi-Weekly Property Inspections on Bank Properties
Assist with Lien Removal as Needed
Weekly Investor Updates
Utilize Our Team to Ensure a Smooth and Quick Closing Process

Broker Price Opinion

What is a BPO

A Broker Price Opinion or BPO is used to determine the value of a home within the current marketplace. BPOs are most commonly performed when a home is in default and the bank or asset manager needs to determine value before the REO asset is sold. It is important that the real estate agent performing the BPO is active in the marketplace so that they can relay an accurate and reliable opinion of value that will stand for up to 90 days.

The agent will visually inspect the property and create a report that will include three active sales comparables and three sold comparables within one mile of the subject property. Banks or asset managers will then be able to determine an approximate length of time it will take to sell the property and what price they will receive.

Types of BPOs

Exterior BPOs require an experienced local agent to drive by the property to perform a visual inspection and take a photo that will verify the address, as well as a photo of the street to document the condition of the neighborhood.

Interior & Exterior BPOs require an experienced local agent to perform a visual inspection of the interior and exterior of the property. The agent will need to gain access and take photos of the interior and exterior to verify the condition.

REO Service Areas

We Offer BPO’s As Little As 24 Hours

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