Since KMK Foreclosure operates a “cradle-to-grave” foreclosure service--from Default Mitigation to remittance of sale proceeds--we are well placed to facilitate the entire REO process, from the time a property receives REO status to the final delivery of proceeds to your account.

Because we know that every day increases your carrying cost, our procedures are designed to establish clear title before you sign the contract of sale, enabling us to secure closing at the earliest possible date. Our lawyers and paralegals proactively monitor the process from the beginning, identifying and resolving issues before they cause delay. We continually drive the process forward until the moment we remit the sales proceeds. Our focus is always on minimizing your turnaround time and with it your carrying costs. Our reporting mechanisms ensure that you are constantly informed of progress throughout the REO process.

Our REO services typically include:

• Ordering preliminary title immediately upon receipt of the file.
• Assessing preliminary title issues within one day of receipt of preliminary title.
• If a title issue arose before we received the referral, we will establish contact with the foreclosure attorney directly, to resolve the issue as expeditiously as possible.
• Preparing, reviewing and finalizing documentation, including the warranty deed, sales disclosures and the closing agreement.
• Alternatively, when requested, we liaise with and coordinate the real estate agent, title company and any lender to the buyer to secure the closing.
• Once a sale is achieved, we review the HUD settlement statement prior to submitting the settlement statement to the lender for final approval.
• Verification that the closing has been concluded.
• Disbursement of funds to you.