Hampton Roads REO and valuations, direct from the broker.
The Chris Lloyd Real Estate Team handles broker price opinions, REO listings and default services for asset managers across 64 ZIP codes across 13 Virginia cities and counties. Your contact is principal broker Chris Lloyd.
How it works
- Send the property. Give us the address and the service you need: a valuation, a listing or something else.
- We confirm coverage and scope. We check the ZIP against our coverage list and agree what the assignment includes before any work begins.
- The work starts. A licensed agent on our team carries out the valuation or listing work, and the broker reviews the file.
- Reporting through closing. You get written updates, including monthly status reports with dated photos, until the asset closes.
What we do for asset managers
Valuations and BPOs
- Broker price opinions for AssetVal, including Fannie Mae drive-by and exterior orders
- As-is value and after-repair value stated separately
- Repair scopes priced line by line
- Data from REIN MLS, Realist and CoreLogic public records
Listing and disposition
- MLS exposure through REIN
- Offer summaries and highest-and-best rounds
- Addenda and closing coordination
Occupied and tenant assets
- Rental and tenant-occupied properties managed through the property-management arm of our brokerage, Axiom Property Group
REO and default services
- Occupancy verification
- Rekey and secure: lock change and signage
- Cash-for-keys negotiation with documented relocation agreements
- Eviction coordination with local counsel and the sheriff's office
- Property preservation: trash-out, debris removal, winterization, lawn and pool maintenance
- Utility activation, transfer and monthly monitoring
- Monthly status reports with dated photos
- Repair bids and cost-to-cure estimates
What to send us
- The property address, with the unit number if there is one
- Which service you need
- Whether the property is occupied, and how to get access
- Your deadline or target dates
Who you work with
- Licensed agents on the Southside and the Peninsula
- Broker review on every file
- Property managers on the brokerage's staff
- Chris Lloyd, Principal Broker, Virginia license 0225254468
- Axiom Property Group, Virginia firm license 0226040250
Common questions
What REO services does the Chris Lloyd Real Estate Team offer?
We handle broker price opinions, REO listings and default services for asset managers in Hampton Roads, Virginia.
Default services include occupancy verification, rekey and secure, cash-for-keys negotiation, eviction coordination, property preservation, utility management, monthly status reports and repair bids.
Which areas do you cover for REO and BPO work?
We cover 64 ZIP codes across 13 Virginia cities and counties: Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Hampton, Newport News, Poquoson, Williamsburg, James City County, York County, Isle of Wight County and Franklin.
The coverage page lists every ZIP code and has a lookup box.
Do you complete broker price opinions?
Yes. We are a BPO provider for AssetVal, including Fannie Mae drive-by and exterior orders.
Our valuation work separates as-is value from after-repair value and prices the repair scope line by line, using REIN MLS, Realist and CoreLogic public records.
Who will I work with?
Your contact is Chris Lloyd, Principal Broker of Axiom Property Group, the brokerage behind the Chris Lloyd Real Estate Team.
Licensed agents on the team carry out the work, and the broker reviews every file.
Can you handle occupied properties?
Yes. We verify occupancy, negotiate cash-for-keys with documented relocation agreements, and coordinate evictions with local counsel and the sheriff's office.
Rental and tenant-occupied properties are managed through our brokerage's property-management arm.
How do I send you a property?
Use the submit form with the property address and the service you need.
You can also call (757) 255-8475 or email chris.lloyd@clret.com.
600 22nd Street, Suite 102, Virginia Beach, VA 23451
Phone: (757) 255-8475 · Email: chris.lloyd@clret.com
Brokered by Axiom Property Group