For the cost of a standard drive-by property inspection that relies on still
photos and written text, lenders can now employ computer desktop video
to better monitor and access an REO asset’s true condition, compliance
and marketability.

REO assets are often vacant properties, subject to vandalism and neglect.
Conditions that result in costly fines, escalating repair issues and resale
challenges if not corrected. Lenders have traditionally relied on written
status reports and still photographs to stay on top of these management
issues. Such written and still photo reports are time-consuming both to
prepare and review. Further, they are often misleading and incomplete
in communicating the asset’s true condition and value.

An REO-TV video tour and audio narrative puts the asset manager on site
at the property, providing a detailed walk-through of both interior and exterior
issues, as well as calling out adverse conditions in the surrounding community.
An REO-TV report provides both the lender and potential resale buyer a truer
sense of the REO’s current market value and management requirements.

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REO-TV provides the REO lender a secure video record and reporting system,
along with technical support, to optimize and clarify the function of the lender
and the local network of listing agents it employs for REO management and sale.

REO-TV is developed by Central Mortgage, the same company that pioneered
fully automated brokers price opinions (BPOs) on the internet over 15 years ago.
Central Mortgage was founded in 1972 by Philip Wegener, providing property
preservation services to lenders and mortgage servicers for 38 years.

Mr. Wegener was cited by New Yorker magazine in 2009 as
“an innovator in the REO industry.”

Call or email us today to set an appointment with
one of our REO-TV consultants.

Mark Garcia
Email: markgarcia.us@gmail.com
Phone: 310.666.3178

Philip Wegener
Email: pwwegener@earthlink.net
Phone: 310.234.2600

www.REO-TV.com