REO Services

REO Services

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/building 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 code compliance, HOA & building violations, including Miami-Dade Ordinance #08-133, resulting in a possible increase of losses.

Full Property Rehabilitation

R.E.O. Property Rehabilitation due to vandalism

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 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 allowing for the property owner to sell or auction off the R.E.O. property.

Review the R.E.O. Rehab/Repair section of our gallery for past examples of R.E.O. Properties that we have repaired, were placed back on the market & sold! For further information on our Full Property Rehabilitation services call 305-554-5711 or complete our online form where you can list any questions or concerns.

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

Code Compliance & Building Violations

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

R.E.O. properties are also being acquired by lenders/owners with substantial Code Compliance, HOA & Building Violations which makes selling the property to a buyer needing financing impossible.

View past Code Compliance Violation & Building Violation projects that we have fixed for our clients, resulting in a clean lien search.

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 and Building Violation procedures and interacting with local code enforcement to obtain work out terms.

We have the knowledge and resources to help the property owner cure violations in order to sell or auction off the R.E.O. property.

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

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

Code Violation Galleries

Certificate of Use Inspections

Miami-Dade Ordinance No. 08-133: 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:

  1. Obtain certified as-built or new survey
  2. Complete inspection as required with architect or engineer certification
  3. Submit report to client for approval
  4. Re-Inspection of property if needed
  5. Submit report to Miami Dade County for review
  6. Track review board progress
  7. Record approved document at Miami Dade County courthouse
  8. Obtain release from Building Dept.
  9. Purchase certificate and deliver with certified report to client
  10. 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

R.E.O. Cleaning & Maintenance

For those R.E.O. properties that were left by previous residents in decent conditions we offer simpler services like cleaning, interior 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.