Institutional REO Broker

Ed Sanchez

Broker and Institutional REO Director

Ed Sanchez is an REO broker in Los Angeles County, California, and the broker and institutional REO director of Empower Real Estate in Burbank, formerly RE/MAX Empower. He reports more than 500 career REO closings across multiple brokerage affiliations and has 26 years of real estate experience. He is a HUD registered broker (NAID EDWRDT6688), a member of the National REO Brokers Association since 2009 and a current NADP member, is active on the Pyramid Platform and registered on RES.NET and Equator, and serves Los Angeles, Ventura, Orange and Santa Barbara Counties. Published service standards: same day occupancy inspections and 24 hour BPO delivery.

Direct

(818) 381-2047

ed@empowerburbank.com

DRE

#01293683

Office

701 S. Victory Blvd., Burbank

Save to Contacts Request a BPO or REO Assignment Consultation

REO Assets in Current Inventory, as of November 4, 2026

500+

Career REO Closings

$218M+

Career Sales, All Types

26+

Years in Real Estate

Profile

Institutional REO Brokerage and Asset Disposition

Ed Sanchez is the broker and institutional REO director at Empower Real Estate in Burbank, California. With 26 years of real estate experience and more than 500 career REO closings across multiple brokerage affiliations, he supports institutional sellers with broker price opinions, occupancy and condition reporting, property preservation coordination, disposition strategy and marketing for complex distressed assets. His current brokerage is Empower Real Estate, formerly RE/MAX Empower. Institutional inquiries can be directed to Ed at (818) 381-2047 or ed@empowerburbank.com.

Why asset managers work with Ed

Institutional REO assignments demand more than a listing in the MLS. Ed coordinates valuation, on site condition assessments, occupancy and vendor updates, marketing decisions, offer review and transaction execution, with communication structured around the requirements of each asset manager and servicer. His experience includes both ordinary residential REO and higher value or condition challenged properties. Specific service timelines are confirmed when the assignment is accepted.

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Brokerage history

Ed's career REO closings span his earlier brokerage affiliations and teams; they are not presented as sales completed by Empower Real Estate alone. The brokerage operated as RE/MAX Empower before it became Empower Real Estate, California brokerage DRE #01507986. Ed holds California DRE broker license #01293683.

Assignment Workflow

From intake to closing and reporting.

Legal and eviction work is coordinated with the client's authorized counsel; the brokerage does not provide legal services.

Intake and review

Confirm asset location, status, access, client instructions and reporting deadlines.

Initial assessment

Complete the authorized inspection and condition documentation, identify urgent preservation needs and establish a BPO strategy.

Preservation and occupancy coordination

Work with approved vendors and authorized counsel as appropriate, documenting approvals and completed work.

Listing and disposition

Prepare authorized marketing, monitor market response, review offers and make defensible recommendations.

Closing and reporting

Coordinate the transaction and provide the updates and documentation required by the asset manager.

Complex REO

REO situations Ed handles in Los Angeles County

Serving 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.

Occupied units under rent stabilization

Unit by unit occupancy documentation and a just cause screen before any strategy, with legal steps routed to the client's authorized counsel.

Cash for keys

Occupant contact through a standard package and cash for keys coordination where the client authorizes it.

Open code enforcement and vacant building cases

Securing on confirmed vacancy and a record of each city case in the asset file.

Multi unit assets with record conflicts

BPOs that state their comparable rule when county and asset records disagree on units or occupancy.

Auction format and as is listings

Listings marketed in the format and platform the servicer requires.

High value and guard gated estates

Interior BPOs with listing history checks on every comparable, including cumulative days on market.

Condominiums in historic buildings

Closed REO condominiums in Hollywood's Mills Act buildings are listed in the Closed REO section below.

Closed REO

Recent closed REO listed by Ed.

Historical closed sales, kept separate from current inventory. For the quarter by quarter picture see the quarterly REO market note. Source: California Regional MLS, as of November 4, 2026.

2321 N Naomi St

Burbank, CA 91504. Single family, REO. Sold $870,000 on October 6, 2026. MLS# BB26067321. Listing agent Ed Sanchez, Empower Real Estate.

315 N Martel Ave

Los Angeles, CA 90036. Single family, REO. Sold $1,850,000 on April 20, 2026. MLS# BB25227819. Listing agent Ed Sanchez, Empower Real Estate.

6253 Hollywood Blvd #309

Los Angeles, CA 90028. Condominium, REO. Sold $435,000 on March 6, 2026. MLS# BB24182378. Listing agent Ed Sanchez, Empower Real Estate.

1 Shire

Coto de Caza, CA 92679. Single family, REO. Sold $2,925,000 on January 21, 2026. MLS# BB25266999. Listing agent Ed Sanchez, RE/MAX Empower, now Empower Real Estate.

1645 Vine St #302

Los Angeles, CA 90028. Condominium, REO. Sold $865,000 on May 19, 2023. MLS# BB23021836. Listing agent Ed Sanchez, RE/MAX Empower, now Empower Real Estate.

01 · Why Ed

Luxury REO: credible on a C-grade bungalow and a guard-gated estate alike.

Ed brings the full weight of a luxury brokerage to institutional work; asset managers gain an agent who can protect value on a C rated bungalow and on a multi million dollar estate without changing gears.

Institutional Credibility

Broker / Owner of Empower Real Estate. Three time president of the Burbank Association of Realtors. Burbank Association of REALTORS Realtor of the Year in 2007. Member of the National REO Brokers Association (NRBA) since 2009 and a current member of NADP. Twenty six years licensed, two hundred eighteen million in verified career sales across all transaction types, 500+ career REO closings across multiple brokerage affiliations. The credentials asset managers look for in a principal, already in place before the first assignment arrives.

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Luxury Delivery Stack

REO listings receive the same treatment Empower uses on its high end assignments where the client authorizes it: professional photography, a dedicated property website, branded disclosure packaging, and coordinated marketing.

iii.

Valuation Discipline

BPOs are prepared and signed by Ed on Empower's bracketing standard, following each client's requirements: three active and three sold comps, at least one above and one below the recommendation, verified MLS data only. Published service standard: 24 hours from assignment to BPO delivery.

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Team Capacity

Ed is not a solo REO operator. Empower Real Estate supports him with a licensed agent team, a dedicated transaction coordinator, a standardized delivery pipeline and in house infrastructure. 21 REO assets in current inventory as of November 4, 2026.

02 · Active REO Portfolio

Public listings from the current REO book.

Current REO book managed via the Pyramid Platform. 21 REO assets in current inventory as of November 4, 2026, in various stages from eviction and redemption through listing and contract. Public MLS listings ship with the full Empower delivery stack: branded property website, professional photography, BPO Value Supplement, and offer management through propoffers.com.

Active · Listed

3123 Hyde Park Blvd

Los Angeles, CA 90043 · MLS# BB26071172

$670K

List Price

3 / 2

Bed / Bath

1,147

Sq Ft

Active REO Listing · Pyramid Platform. 1922 Spanish remodel, custom kitchen, new roof, upgraded HVAC. Detached two car garage with ADU potential on 3,895 SF lot. Offers via propoffers.com.

View Property Site →

Active · Multi-Family

434 E Avenue 28

Los Angeles, CA 90031 · MLS# BB26060288

$1.125M

List Price

3,770

Lot SF

1911

Year Built

Active Bank Owned Listing · Auction Format · Pyramid Platform. Residential income property in Lincoln Heights. 1911 vintage multi-unit on a 3,770 SF lot. Multi unit residential income property, sold as is and subject to existing tenancies. Offers via propoffers.com.

View Property Site →

Active · Listed

809 N Detroit St

Los Angeles, CA 90046 · MLS# BB24210718

$1.26M

List Price

3 / 3

Bed / Bath

1,699

Sq Ft

Active REO Listing · Auction Format · Pyramid Platform. 2018 construction near West Hollywood, north of Melrose. Small lot single family home with city view, two car garage and a private rooftop deck.

Request Marketing Package →

Listing data verified against the California Regional MLS on November 4, 2026. Prices and status are accurate as of that date and are not a live feed; confirm current status in the MLS before relying on it. Empower office code bh5345494.

03 · Delivery Capabilities

Everything asset managers need, built in house.

The Empower REO division is built for institutional workflows. Below is what comes standard on every assignment.

BPO Valuation & Value Supplement

Drive by and listing agent updated BPOs, prepared and signed by Ed on Empower's bracketing standard and each client's requirements. BPOs ship with a branded Value Supplement where the client accepts one: comp analysis, three tier pricing, market stats.

Listing & Disposition

Full MLS listing with professional photography, 300 DPI image prep, and a dedicated property website. Zillow Showcase, Meta and Google paid campaigns available on request.

Occupant Notification & Cash for Keys

Standardized Occupant Package delivery: Notice to Occupant, FAQ, Agent Contact Form. Pre built three part system ensures compliance and documentation on every door knock.

Rekey & Secure

Occupancy confirmed vacant triggers a rekey: deadbolt replacement, knob cylinder swap, sliding door pin installation, and board up of any breached access. Photo documentation transmitted to the asset manager. Reduces the risk of vandalism, unauthorized occupancy and theft.

Preservation Vendor Bench

Standing relationships with vetted preservation contractors across Los Angeles, Ventura, Orange and Santa Barbara Counties. Trash out, landscape restoration, winterization, roof tarp, pool drain and cover, graffiti removal, fence repair. Photo documentation of every task, before and after.

Multilingual Occupant Outreach

Occupant communications are available in Spanish, Armenian and Russian on request, from licensed members of the Empower team.

First Look Initiative Compliance

Owner occupant priority offers handled under each program's rules where the servicer runs one. Offers are routed through the platform the servicer requires.

Branded Property Websites

REO listings can receive a dedicated single property website at empowerburbank.com with a full photo gallery, lead capture and analytics.

Full Transaction Coordination

In house transaction coordinator manages the full file from accepted offer to close. Asset managers receive regular status updates without chasing. Title curative, escrow coordination, and post close support handled without escalation.

04 · Platforms & Partners

An active servicer relationship, platform ready to expand.

Active Platforms

Asset Management / Disposition

Pyramid Platform Active

RES.NET Registered

Equator Registered

In House Infrastructure

Empower Built, In House

Three Active, Three Sold Bracketing Standard

Branded Value Supplement Standard

Occupant Package System Deployed

05 · Current & Past Clients

The institutions behind the inventory.

Institutional sellers Ed and his teams have closed bank owned inventory for. A record of current and past client relationships, not an endorsement by any of them.

Selene Finance Current

Fannie Mae Past

Freddie Mac Past

Wells Fargo Past

Chase Past

Bank of America Past

Nationstar Mortgage Past

PennyMac Past

06 · Investor Network

A gated buy box network behind every disposition.

Empower operates a private investor portal, and the gate is the feature. Access is by registration only, so inventory stays protected and every buyer who sees it is serious, vetted, and ready to perform.

Vetted Buy Boxes

Registered investors file a buy box: asset type, price band, condition tolerance, target areas. Every profile is reviewed before access.

Release Notices

Registered members are notified as assets are released for public marketing.

Matched Deal Flow

Assets route to the buy boxes they fit. Members hear about what they would actually buy, not a blast list.

Weekly Briefs

A weekly brief keeps registered investors current on the book and on what is coming next.

Registration required · Buy box review before access

07 · Coverage Area

Los Angeles, Ventura, Orange and Santa Barbara Counties.

Four counties. Closed REO on this page covers Los Angeles and Orange Counties. Coastal to inland, entry level bungalow to guard-gated estate.

Counties served Tap a county to zoom. Drag with two fingers to move the map.

Los Angeles County

Primary Market · Home Base

The core of the REO book. San Fernando Valley, the Burbank and Glendale corridor, and greater Los Angeles.

Ventura County

Closed REO on File

Closed REO on file, from coastal Ventura through the Simi Valley and Thousand Oaks corridor.

Orange County

Closed REO on File

Closed REO on file, including guard gated communities.

Santa Barbara County

Coverage Area

REO listing, BPO and occupancy inspection assignments accepted countywide.

Have an REO asset in Southern California?

Contact Ed Sanchez to discuss an assignment, BPO request, occupancy inspection or disposition strategy. Share the county, property type, occupancy status and requested response deadline. Do not submit confidential borrower or occupant information through email or a website form.

Request a BPO or REO Assignment Consultation Email Ed Direct Call (818) 381-2047

REO resources: REO broker and BPO services in Los Angeles County · How to hire an REO listing broker in Burbank and Glendale · Quarterly REO market notes. Page updated November 4, 2026.