Magnum is a full service real estate brokerage company. In addition to the repair services outlined in paragraph 3 above, Magnum also provides property maintenance service. A well maintained property enhances the chances of a quick sale of the property.
The procedure for maintenance of REO property:
- A property maintenance agreement will be attached to the listing agreement for any particular REO property.
- The agreement will set forth the services to be rendered and the fees for said services.
- Routine maintenance includes prompt snow removal, necessary lawn mowing and a host of other services selected by the Bank’s asset manager.
- Services will be paid in accordance with the agreement.