Real Estate Owned (R.E.O.) Services
The current real estate market is presenting zoning issues, Certificate of Use inspections (req’d by some counties, cities & municipalities in South Florida), code violations and “ownership” problems to lenders with Real Estate Owned (R.E.O.) & foreclosed properties.
Lenders are finding themselves as “owners” of properties for time periods much longer than just a couple months. In the past lenders simply cleaned up the property and listed it for resale, but in today’s current real estate market lenders now must deal with the possibility that they will be required to defend themselves against HOA violations and local code violations, including Miami-Dade Ordinance #08-133, resulting in a possible increase of losses.
For this very purpose we have assembled Real Estate Owned Services Teams throughout South Florida. Team members are familiar with the necessary procedures such as repair services for vandalism, code violations, removing hazards and interacting between the county and the lender/owner. We obtain work out terms with the county and local code enforcement until the property owner can sell or auction off the R.E.O. property. Call us today at 305-554-5711, contact us via our online form for more information or review our portfolio of past R.E.O. projects.
Related R.E.O. Services
- CU Inspections for Miami-Dade Ordinance #08-133
- Occupancy Status Verification / Vacant Property
- Habitability / Hazardous Material Removal
- Vandalism / Property Damage Repair
Certificate of Use Inspections
Miami-Dade Ordinance No. 08-133, passed on December 2, 2008 requires the holder of a certificate of title on a foreclosed property to obtain a Certificate of Use from the Zoning Department. To schedule an inspection call 305-554-5711 or contact us by completing our online form.
To acquire the Certificate of Use, the property title holder needs to have the property inspected by a licensed Engineer and Architect, who will then submit a Disclosure of Findings Report to Miami-Dade County.
Miami-Dade Ordinance No. 08-133: Certificate of Use Procedures
Rausa Builders, Corp. has a dedicated team of licensed Architects & Engineers as well as a Processing & Filing Department ready to handle the Miami-Dade County Ordinance # 08-133 Certificate of Use Inspections on foreclosed properties for their title holders in an efficient & timely manner. Our Certificate of Use services include:
- Obtain certified as-built or new survey
- Complete inspection as required with architect or engineer certification
- Submit report to client for approval
- Re-Inspection of property if needed
- Submit report to Miami Dade County for review
- Track review board progress
- Record approved document at Miami Dade County courthouse
- Obtain release from Building Dept.
- Purchase certificate and deliver with certified report to client
- Pay Miami-Dade County fees associated with recording and obtaining the Certificate of Use
Resources from Miami-Dade County Website:
- CU Process FAQ
- Ordinance No. 08-133
- Resolution relating to the CU Process
- Resolution Amending Fee Schedule
- Disclosure of Findings Report
- More about CU Process & Foreclosed Properties
Full Property Rehabilitation
Often R.E.O. properties are left vandalized with damaged or missing appliances, cabinets, interior walls and abandoned pools. Rausa Builders, Corp. has the means of fully rehabilitating the property to move-in conditions, making the property more appealing to buyers and easier to sell.
For our Full Property Rehabilitation services call 305-554-5711 or contact us by completing our online form where you can list any questions or concerns.
Code Compliance / Violations
R.E.O. properties are also being acquired by lenders/owners with substantial Code Violations & HOA Violations which makes selling the property to a buyer needing financing impossible.
We have assembled an R.E.O. Services Teams that is ready to be dispatched throughout South Florida. Team members are familiar with Code Compliance/HOA Violation procedures and interacting with local code enforcement to obtain work out terms. We have the knowledge and resources to help the property owner sell or auction off R.E.O. property.
R.E.O. Maintenance, Cleaning & Painting
For those R.E.O. properties that were left by previous residents in decent conditions we offer simpler services like cleaning, painting, lawn care and other scheduled maintenance needs required to keep the property in presentable conditions.
For our any of our R.E.O. Maintenance services call 305-554-5711 or contact us by completing our online form where you can list any questions or concerns.