Real Estate Owned (R.E.O.) Services

Some R.E.O. properties can simply be cleaned up, have a fresh coat of paint applied and placed back on the market. Other R.E.O. properties come with more severe issues like vandalism, missing appliances, abandoned swimming pools and violations from the local building department, municipality or Homeowners Association (HOA). Depending on the county, city or municipality, a Certificate of Use may be required as well. Since foreclosed properties tend to be neglected for some time before transferring ownership, their inherited issues vary from one property to another.

Full Property Rehabilitation

R.E.O. Property Rehabilitation due to vandalism

From the simplest to the most complex rehabilitation project, Rausa Builders, Corp. is experienced with the common hurdles in rehabbing any R.E.O. property. Members of Rausa Builders’ team are familiar with the requirements to correct/prevent vandalism, trip hazards and cure code violations. Their R.E.O. services also include full rehabilitation, maintenance and preservation.

Rausa Builders can get your property into move-in conditions, making it more appealing to buyers and easier to sell. Review their R.E.O. gallery for examples of foreclosed properties that they repaired, then the properties were placed back on the market and SOLD!

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

Looking for an REO Rehab Bid Tool?

RR^notes.com
RRnotes.com is a FREE online tool to keep rehab bids apples-to-apples & grouped by trade:: ● Appliances; ● Carpentry; ● Electrical; ● Plumbing & more!
Create a Full-Scope Report: Ideal for REO vendors, contractors & asset managers

Asset Managers requiring estimates from multiple vendors/contractors can use this property rehab tool to calculate the cost of repairs while keeping all bids apples-to-apples.

The tool can calculate flooring to include carpet and tile, electrical components from light fixtures to outlets, plumbing, cabinetry, doors and more.

RRnotes.com was designed in conjunction with industry professionals to be used by field personnel during walk-throughs of residential properties. It can aggregate materials for a home with up to 5 bedrooms, 5 bathrooms and a 2nd floor (2 Stories).

Violations & Compliance

Before and after R.E.O. property with fixed code violations

Violations from the local building department, municipality or HOA can make selling the property to a buyer needing financing impossible. This gives cash-buyers more leverage, shrinking your pool of potential customers.

Rausa Builders’ R.E.O. Services Team is ready to be dispatched throughout South Florida with the knowledge and resources to cure violations with minimal losses for the property owner.

View past Code Compliance Violation & Building Violation projects that Rausa Builders has fixed for their clients, resulting in a clean lien search.

Fixing Building Code Violations 101

Expired Permits

Common Causes:: Pending or missing final inspection; Work never started or completed

Common Solutions:: Confirm work was completed properly & call for final inspection; Confirm work was never started & request to close the permit

Work Without Permit

Common Causes:: Improvements/modifications made to the property without a permit or proper inspections.; Signs of improvements or modifications being made such as old water heater or old A/C on property, construction debris, etc.

Common Solutions:: Provide evidence that the work was permitted or is “grandfathered-in”; Confirm the work was done to code, apply for the proper permits & call for inspections; Demolition

Unsafe Structure

Common Causes:: Grow House or Fire Damage; Hurricane, Natural Disaster or Accidental Damage; Demolition Order

Common Solutions:: Apply for proper permits & repair structure; Demolition

Code Violation Galleries

Code Compliance Violations

Certificate of Use & Pre-CU Inspections

Miami-Dade Ordinance No. 08-133: Certificate of Use Inspections

Miami-Dade Ordinance No. 08-133 requires properties acquired through Certificate of Title (foreclosures and judgments) to obtain a Certificate of Use (CU) from the Department of Planning and Zoning. This legislation targets consumer-protection, but can increase losses for lending institutions and delay the resale of a foreclosed property. Several South Florida municipalities have adapted the requirement of a CU Inspection before a foreclosed property can be listed for resale.

Rausa Builders is familiar with these requirements and can ready your property for a clean CU Inspection. Otherwise, when these reports are filed, they can trigger violations. Some of these violations include fines that accrue daily and an unsafe structure violation will deem the property completely uninhabitable until the structural issue is corrected or the structure is demolished.

Rausa Builders can interact between local code enforcement and the lender/owner, obtaining work out terms and allowing the sale of the R.E.O. property. Their network of licensed architects and engineers can handle Certificate of Use Inspections in an efficient and timely manner.

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:

R.E.O. Maintenance, Cleaning & Painting

For those R.E.O. properties acquired in decent conditions and without violations, Rausa Builders offers painting and lawn care to maintain curb appeal, as well as cleaning and other scheduled maintenance to keep the property in presentable conditions.

REO Services