LOTUS REALTY GROUP

REO DIVISION

We List, Manage and Sell REO Properties in San Diego County

Cari Drolet is Founder and CEO of Lotus Realty Group located in Solana Beach. Cari has been working in the Real Estate industry for 14 years. The first 7 years of her experience was working with large financial institutions such as Fieldstone Mortgage, Wells Fargo Home Mortgage and Union Bank of California as an Account Executive. With the turn in the market, Cari focused on Real Estate. She became an expert in Short Sales and started Lotus Realty Group in 2009. She negotiates short sales for homeowners facing foreclosure. In addition, due to the impeccable system Cari has in place and the effectiveness and efficiency of her team, REALTORS outsource their short sale listings to Lotus Realty Group to negotiate and close. Lotus Realty Group currently works with Chase, Bank of America, Wells Fargo, Wachovia, Indy Mac, and various smaller financial institutions.

Lotus Realty Group's REO Division has the capability to manage hundreds of REO properties and is set up with an experienced team to work directly with banks to help them dispose of their REO properties. Below you will find a list of services we offer:

  • Secure and re-key properties as needed
  • Handle the eviction process
  • Perform Broker Price Opinions (BPOs)
  • Help remove liens on property if needed
  • Clean and repair property. Lotus Realty Group has a team of licensed contractors, gardeners and cleaning services ready and available to provide reasonable bids for property clean up.
  • Order utilities for property
  • List and manage listing in Multiple listing service
  • Market the property
  • Team of licensed professionals to hold open houses and door knock around neighborhood to draw interest to the property
  • Lotus Realty Group has a list of investors interested in investment opportunities.
  • Market properties to all of our Realtor clients that we negotiate short sales for (data base of over 400)
  • Cari Drolet is a master negotiator and is highly successful at getting the highest and best for the property
  • Provide weekly updates to investors to show that we are giving our best effort to sell the property
  • Utilize our effective and efficient team of closing agents and administrative staff to ensure a smooth escrow
  • Lotus Realty Group has an effective flow of systems and checklists in place to ensure not one detail is missed or falls through the cracks
  • Lotus Realty Group has the #1 Real Estate attorney in San Diego on our team "David Bright" to ensure that we are up to date with all new laws and guidelines and are following them accordingly
  • Lotus Realty Group is a part of RESNET

Cities in San Diego County we service;

Oceanside, Carlsbad, Encinitas, San Marcos, Escondido, Vista, Fall Brook, Cardiff, Chula Vista, Downtown, La Jolla, La Mesa, El Cajon, Alpine, Santee, Poway, Carmel Valley, Del Mar, Rancho Santa Fe, Santa Luz, Solana Beach, Hillcrest, Imperial Beach, Pacific Beach, Ocean Beach, Mission Valley, Rancho Bernardo,

Cari Drolet has the ability and experience to assist you with all of your REO Needs. Please contact us today to get started.

Here are some helpful hints when in
the market for a short sale home:

  • Check the public records
  • Hire an agent with short sale experience
  • Prepare the seller for lender demands
  • Submit documentation and purchase offer to lender once the seller has accepted your offer
  • Give the lender a deadline to speed up the process and to make sure you will be free to cancel your offer if need be
  • Expect commission negotiations
  • Reserve the right to conduct inspections

Here are some quick steps to
a successful short sale:

  • The seller signs a listing agreement with a real estate agent subject to selling as a short sale with third-party approval
  • The agent finds a buyer who makes an offer for less than the amount of the mortgage.
  • Seller accepts the buyer's purchase offer.
  • Seller's lender accepts the buyer's purchase offer.
  • Transaction closes when the buyer delivers the funds, the lender releases the lien and the seller delivers the deed.

Lenders Start Here

400 S. Sierra Ave. Ste.102 Solana Beach, CA 92075