Real Estate Distressed Services

During these unfortunate times in the real estate market, you may need assistance with the disposition of a home or property that you can no longer afford. If that is the case we are sorry for you and for your family. We now consider you part of our family, so please allow us to help.

BrownDaniel has extensive training in all areas of distressed selling. We are a strong partner in times of uncertainty and hard decision making. As a first step, we will attempt to work with you and your lender to come to a positive resolution. If a satisfactory agreement cannot be reached, we will advise and guide you through the process, including helping you with options that will be better than a foreclosure on your record.

Unfortunately, 43% of short sales fail because of inexperienced agents. Please allow BrownDaniel to help guide you in the right direction with the least impact to your credit and financial position.

BrownDaniel Distressed Seller Services
  • Short Sales
  • Pre-Approved Short Sales
  • Foreclosures
Short Sales

A short sale is a voluntary process that happens when the homeowner sells the property for an amount that is far less than what is owed on the mortgage. So a homeowner may end up selling a home for $175,000 even though there's still $200,000 on the mortgage. The remaining amount on the loan—in this case, the $25,000—less any costs and fees associated with the sale are the deficiency. A foreclosure, on the other hand, is involuntary. In this case, the lender legally seizes the home after the borrower fails to make payments. This is the last option for the lender, since the home is used as collateral on the note.


Unlike a short sale, foreclosures are initiated only by lenders. Mortgagors who fall behind on their payments—anywhere from three to six months—may be subject to foreclosure by their lenders unless they bring their loans up to date. Foreclosure proceedings vary by state including what types of notifications the lender must provide, as well as what options the homeowner has to bring the loan up to date. Laws also stipulate how long a bank has to sell the property.


BrownDaniel REO Services specializes in the listing, sale and management of REO properties throughout Atlanta. With a highly trained team, BrownDaniel has the experience and resources to manage all of your assets from assignment to close. Our 30 plus years of experience in the Real Estate business have made us one of the most successful teams in the area.

What is Real Estate Owned?

Real estate owned (REO) is property owned by a lender, such as a bank. REO properties can include detached houses, condominiums, townhomes, and land. A lender, often a bank or entity such as Fannie Mae or Freddie Mac, takes ownership of a foreclosed property when no bidder offers the amount it seeks to cover the loan. As soon as a property goes into a distressed status, the beneficiary will want to determine the amount of equity that the property has. A popular method to determine the equity is a BPO. Based on the amount of equity that is determined, the bank will decide whether to allow a short sale (if requested by the homeowner). If no short sale is requested by the homeowner, the beneficiary will continue the foreclosure process. If the beneficiary is unable to sell the property through a short sale or at a foreclosure auction it will now become an REO property, which is where we come in! REO Services Offered: Occupancy Inspections, Cash for Keys, BPOs, Marketing, Negotiation & Sales of the Property, Monthly Marketing Reports, Drive by BPOs.