< Back to JVM's Blog

We Do Minor Repairs to REOs

We can legally use our commissions to do minor repairs to REO properties. We have replaced furnaces, flooring, kitchen cabinets, and all kinds of other items. We use our contractors and have them put demands (or invoices) in escrow. We then have the payment deducted directly from our broker check.

If you have an REO with minor repairs that the seller won’t perform, we will, and we can. Few lenders can offer this service.

The only caveat is that the loan has to be large enough for us to get enough commission to cover the repairs.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167