REO & Bank-Owned Property Specialists
Professional asset management services for lenders, servicers, and investors in Southwest Florida. Streamlined processes, proven results, local expertise, NRBA member.
Current Market Alert
REO Market Shift in Progress: After years of third-party purchases dominating Southwest Florida foreclosure auctions (96-98%), we’re seeing a significant change. Properties are now going back to plaintiffs at approximately 50% rates, with a backlog of 2014-2018 cases entering the pipeline. This creates immediate opportunities for asset managers to efficiently move inventory.
Comprehensive REO Services
West Islands Realty provides full-spectrum asset management services for lenders, servicers, and institutional investors across Southwest Florida. Our operations are built around the realities of distressed asset disposition—tight timelines, cost control, and portfolio-level efficiency. With two decades of REO experience in Collier, Lee and Charlotte Counties, we’ve developed systems that address the specific challenges of this market, from permit complications on unfinished construction to navigating the recent shift in foreclosure auction dynamics. We handle the complete asset lifecycle while providing the detailed reporting and market intelligence that drives informed disposition decisions.
• Vandalism and security monitoring
• Utility management and winterization
• Regular inspection reports
• Contractor coordination
• Market analysis and trending
• Comparable sales research
• Property condition assessments
• Marketing time estimates
• Professional photography
• Investor network marketing
• Auction coordination
• Closing coordination
• Spec home foreclosures
• Permit and compliance issues
• Contractor disputes
• Hard money lender assets
Why Asset Managers Choose West Island Realty
Local Market Expertise: Deep knowledge of Lee and Charlotte County markets, including Cape Coral’s unique development patterns and foreclosure trends.
Investor-Focused Approach: We understand that REO buyers are seasoned investors who need facts, not hand-holding. Our marketing speaks their language with clear financials and property data.
Streamlined Processes: Efficient systems developed over 20+ years specifically for bank-owned properties. No retail buyer delays or complications.
Current Market Understanding: We’re actively tracking the shift from third-party buyers back to plaintiff ownership, positioning your assets to adapt to changing market dynamics.
