REO Broker and BPO Services in Los Angeles County
Empower Real Estate is an REO broker in Los Angeles County, California, serving banks, loan servicing companies, asset managers, private lenders and disposition firms from its office at 701 S. Victory Blvd., Burbank. The REO division is led by Ed Sanchez, broker and institutional REO director, who reports more than 500 career REO closings across multiple brokerage affiliations, 26 years of real estate experience, National REO Brokers Association membership since 2009 and current NADP membership. Platforms: Pyramid (active), RES.NET and Equator (registered). Coverage: Los Angeles, Ventura, Orange and Santa Barbara Counties, including Burbank, Glendale, Pasadena, the San Fernando Valley and the City of Los Angeles.
What the REO broker handles
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REO listing and disposition
MLS listing, authorized marketing, offer review and transaction coordination for bank owned single family, condominium and two to four unit residential assets. Professional photography and a dedicated property website where the client authorizes them.
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Drive by and interior BPO
Prepared and signed by Ed Sanchez on Empower's three active, three sold bracketing standard and each client's requirements. Published standard: 24 hours from assignment to delivery.
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Occupancy and condition reporting
Occupancy inspections with photo documentation. Published standard: same day occupancy inspections. Occupant contact through a standardized package (Notice to Occupant, FAQ, Agent Contact Form); legal and eviction work coordinated with authorized counsel.
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Preservation, rekey and security
Rekey, securing and board up on vacancy confirmation, and preservation work through vetted vendors with before and after photos.
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Monthly marketing reports
A monthly marketing report on each listed asset, with a three active and three sold comparable bracket and an area listings analysis.
What an asset manager receives
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The BPO, with a branded Value Supplement where the client accepts one
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Inspection, occupancy and preservation documentation with photos
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Status updates on the cadence the asset manager sets
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A monthly marketing report on each listed asset
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Offer summaries and a written recommendation on each offer
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Transaction coordination and closing documentation
Ed Sanchez, Broker and Institutional REO Director
Los Angeles, Ventura, Orange and Santa Barbara Counties
On site inspection, preservation and listing service across Los Angeles, Ventura, Orange and Santa Barbara Counties from the Empower Real Estate office in Burbank, California. Assets outside these counties are discussed case by case.
REO broker for Burbank, Glendale, Pasadena and Los Angeles County
Empower Real Estate takes REO and BPO assignments in Burbank, Glendale, Pasadena, La Cañada Flintridge, the San Fernando Valley, Santa Clarita, the City of Los Angeles (including Hollywood, Mid City and Northeast Los Angeles), the San Gabriel Valley, the South Bay and Long Beach in Los Angeles County, plus Ventura, Orange and Santa Barbara Counties.
Quarterly REO market note, Los Angeles County
REO sales, share of closed sales, median price and days on market for Burbank, Glendale, Pasadena, La Cañada Flintridge and the San Fernando Valley, from CRMLS: Q3 2026 note.
Hiring an REO listing broker in Burbank and Glendale
What to ask before you assign an asset: read Ed's guide.
REO broker questions
What does an REO broker do?
An REO broker lists and sells real estate owned (REO) property, which is property held by a lender after foreclosure. Empower Real Estate handles REO listing and disposition, BPO valuations, occupancy and condition reporting, preservation coordination and offer management for institutional sellers.
Which counties does Empower Real Estate serve for REO assignments?
Los Angeles, Ventura, Orange and Santa Barbara Counties, from the Empower Real Estate office at 701 S. Victory Blvd., Burbank, CA 91502.
How are BPOs prepared?
Drive by and interior BPOs are prepared and signed by Ed Sanchez on Empower's bracketing standard of three active and three sold comparables, following each client's own requirements. The published service standard is 24 hours from assignment to delivery; turnaround on a given assignment is confirmed when it is accepted.
What reporting does an asset manager receive?
Status updates on the cadence the asset manager sets, the BPO and any Value Supplement, inspection and preservation documentation with photos, a monthly marketing report on each listed asset, offer summaries and closing documentation.
Which asset management platforms does Empower Real Estate use?
Pyramid Platform is active; RES.NET and Equator are registered. Ed works within the platform each servicer requires.
How are fees set?
By proposal, per assignment and client requirements.
Does the brokerage handle evictions?
No. Legal and eviction work is coordinated with the client's authorized counsel. The brokerage handles occupancy contact, documentation and cash for keys coordination where the client authorizes it.
What is needed to start an assignment?
The county, property type, occupancy status, access instructions, reporting requirements and the requested response deadline. Do not send confidential borrower or occupant information by email or a website form.
Have an REO asset in Southern California? Contact Ed Sanchez to discuss an assignment, BPO request, occupancy inspection or disposition strategy.
Request a BPO or REO Assignment Consultation
Direct phone and email on Ed's REO profile.
REO resources: Ed Sanchez, REO broker · How to hire an REO listing broker in Burbank and Glendale · Quarterly REO market notes. Updated November 4, 2026.
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