Full-service REO brokerage for banks, mortgage servicers, and asset management companies with non-performing assets in Nassau and Suffolk County. From occupancy check to closing, we manage the complete disposition process.
Contact Our REO TeamBanks and mortgage servicers are not real estate firms. When a Long Island property moves through the foreclosure process and lands in a lender's REO portfolio, the lender needs a local broker who understands the market, can manage the asset through a potentially extended holding period, and can price and sell the property efficiently once it is ready for disposition.
Montauk Dunes Real Estate provides that local expertise for Nassau and Suffolk County REO assets. We have been handling bank-owned properties across Long Island for over 20 years — through the post-2008 REO surge, through market recoveries, and through the current distressed asset environment. We know how Long Island's judicial foreclosure process affects holding periods, how to value properties that have been vacant and potentially deteriorating for years, and how to find the right buyer for every type of REO asset this market produces. As a dedicated REO broker on Long Island, Montauk Dunes manages the complete asset lifecycle for banks and servicers across Nassau and Suffolk County.
Rapid occupancy verification and property condition reporting upon assignment, with documented photos and written assessment delivered to your asset management platform.
Interior and exterior BPOs completed with local market precision — not algorithm-generated estimates. We know the submarket comparables that matter for accurate Long Island valuations.
Winterization, securing, lawn maintenance, trash-out, and ongoing inspections coordinated through trusted local vendors — with cost tracking and documentation for reimbursement.
Strategic pricing and full MLS marketing through OneKey MLS, with buyer qualification review and regular status reporting to your asset management team or platform.
Where applicable, we coordinate cash-for-keys arrangements with remaining occupants to facilitate voluntary move-out and avoid the cost and delay of formal eviction proceedings.
We manage offer review, negotiation, buyer qualification, and closing coordination — including the additional documentation requirements typical of institutional seller transactions.
New York State's judicial foreclosure process — one of the longest in the country — creates a specific set of challenges for lenders managing Long Island REO assets. Properties that began the foreclosure process years ago may have been vacant for extended periods before reaching the REO stage, creating condition issues that must be assessed accurately and addressed strategically before listing.
Long Island's diverse submarket structure adds additional complexity. A bank-owned property in Hempstead, Smithtown, Huntington, and East Hampton will each attract completely different buyer pools, require different pricing strategies, and move on different timelines. Generic, algorithm-driven valuations consistently miss the nuances that determine whether an REO asset sells in 30 days or sits on the market creating ongoing holding costs for the lender.
We bring 20-plus years of submarket knowledge to every Long Island REO assignment. We know which communities have active investor buyer pools ready for as-is REO purchases, which areas require more preparation to attract retail buyers, and how to price distressed assets that have no clean comparable sales in a market that typically trades in move-in-ready condition.
Upon receiving an assignment, we conduct an occupancy check and initial property condition assessment within 24 to 48 hours, with documented reporting delivered to your team or platform.
We complete an accurate, locally-informed BPO based on current comparable sales, current property condition, and the specific submarket dynamics that affect value for this asset type in this location.
We coordinate with local vendors for securing, winterization, trash-out, and any repairs necessary to bring the property to list-ready condition — with cost documentation and approval workflow managed through your process.
Full OneKey MLS listing with pricing strategy calibrated for REO disposition — balancing speed of sale against maximum net recovery for the lender, with regular status reports and market update adjustments.
We review and present all offers with full buyer qualification documentation, provide negotiation recommendations, and manage the accepted offer through to closing with institutional seller requirements met.
Closing coordination with title company and buyer's attorney, final walkthrough documentation, and complete closing package delivered to your asset management team upon transaction completion.
We provide REO brokerage and asset management services for properties across all of Long Island — from Elmont and Valley Stream on Nassau's western border to Montauk at the East End, and from the South Shore canal communities to the North Shore Gold Coast. Our coverage includes all five regions of Nassau County and all of Suffolk County, including the Hamptons and the East End.
For REO assignments outside our standard coverage area within New York, or for institutional clients needing BPO services across a broader portfolio, please contact us to discuss your specific requirements. We are a member of the Long Island Board of Realtors with complete OneKey MLS access covering Nassau, Suffolk, and New York City boroughs.
Contact our broker directly to discuss your portfolio, your timeline, and how Montauk Dunes can support your Long Island REO disposition needs.
646-234-2160 Send a MessageOr email: montaukdunes@yahoo.com • ← Back to Specialty Services