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
- The best possible price at the lowest possible cost.
- Absolute expediency in all phases of the REO process.
- Instant status updates for your assets we manage.
- Competitive bidding for any requested repairs by licensed contractors.
- Sound fiscal ‘either/or” repair recommendations.
- Compliance with Minnesota foreclosure statutes.
- Co-ordinate all functional responsibilities, including but not limited to, Appraisers, Attorneys, Title Companies, Lenders, etc.
Our Expectations for Asset Managers
- Understand that you are under no obligation to pay a real estate commission for any property we do not close.
- Understand that when “we have the ball” we REALLY have the ball.
- 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.
- Provide all required documentation in a timely fashion in order to complete our commitment to you.
