(952) 400-1030

MINNESOTA REO PROPERTIES, INC.®MINNESOTA REO PROPERTIES, INC.®

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BPO’S

Experience You Can Count On

We serve asset managers and real estate buyers seeking to purchase real estate owned or managed by them. Minnesota REO Properties Inc. is the leading REO Brokerage in the cities of Minneapolis, St. Paul and the surrounding 7 counties. Minnesota REO provides over 1000 BPO evaluations per month. We have the capacity, team and demonstrated experience to perform Broker Price Opinions accurately and promptly. We recognize asset managers sometimes use a BPO’s as a “snapshot in time,” while other times it is used to determine a listing price for a property. Either way, we value attention to detail as much as you do. You can count on Minnesota REO to provide the information you need 100% of the time.

Our BPO’s are detail orientated so you can make real time decisions.  We are covered too, fully insured, E & O plus general liability and Worker’s Comp.  We also have a COVID-19 contingency plan and W-9’s are available upon request.

Our BPO’s Include

  • Providing the subject property verification
  • Determines current condition of subject property’s exterior
  • Assesses neighborhood property trends
  • Determines typical marketing time
  • Summarizes and compares closed sales and competitive listings to subject property
  • Provides an estimated value for subject property containing either probable sales price or suggested list price

Communication in Real Time

Our preferred method of communication is email or
your database site. Any forms or format will be loaded
into our database and communication will be
accomplished via this expedient and timely
composition. In this process all functional
correspondence is accomplished electronically. This
means that any data, including matted photographs, will
be forwarded to you via the internet. We also offer
telephone communication if your internet access is minimal.

Our Commitment to You

Honesty, Ethics and Always RESPA Compliant 

  1. The best possible price at the lowest possible cost.
  2. Absolute expediency in all phases of the REO process.
  3. Instant status updates for your assets we manage.
  4. Competitive bidding for any requested repairs by licensed contractors.
  5. Sound fiscal ‘either/or” repair recommendations.
  6. Compliance with Minnesota foreclosure statutes.
  7. Co-ordinate all functional responsibilities, including but not limited to, Appraisers, Attorneys, Title Companies, Lenders, etc.

Our Expectations for Asset Managers

  1. Understand that you are under no obligation to pay a real estate commission for any property we do not close.
  2. Understand that when “we have the ball” we REALLY have the ball.
  3. Understand that if you require direct communication, our phone line are open from 7:00 AM to 9:00 PM, CDT, 952-400-1030. If not immediately you will speak to a human being within one hour after your call.
  4. Provide all required documentation in a timely fashion in order to complete our commitment to you.

Order-now

Home snap top 15% of agents

About Agent

Minnesota REO Properties Inc. is the leading REO Brokerages in the cities of Minneapolis, St. Paul and the surrounding 7 counties. Its ownership consists of Ms. Janice L. Lindquist, as the active BROKER/ Owner and Richard D. Stanton, as partner, BROKER and V.P. of Sales. Ms. Lindquist formally was a Century 21 Franchise holder and combined with Mr. Stanton, a former Corporate Executive, to form Minnesota REO Properties, Inc. a Corporation dedicated to BPO and REO requirements.

Testimonials

As an asset manager, my number one concern is communication with the agents and brokers I work with. I can honestly say the team at MN REO have superb communication and meet deadlines accurately and on-time every time. I recommend them wholeheartedly

Tim Jackson, JST Property Management
More Testimonials

Contact Us

MN REO Properties,
8937 Aztec Dr,
Eden Prairie, MN 55347
(952) 400-1030
© 2023 · MINNESOTA REO PROPERTIES, INC.®
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