WELCOME TO DAYTONABEACHREO.COM
Hosted by Phil Hanner
I grew up in Dayton, Ohio, graduated from the University of Dayton, and joined the Dayton Police Department. I worked my way up the ranks and retired as a Commander after 24 years of service. I moved to Daytona Beach (Port Orange) with my family and started doing short sales as an investor. Buy, rehab, and flip.
While actively working short sales, I also started looking into the REO market. I couldn't find any real REO deals - too much buyer competition, and in a rising market the banks weren't that motivated. WOW - how things have changed. The REO companies NEED investors and are starting to understand how investors think.
I work with all types of buyers and sellers in the residential market. I have sold condotels, condos, single family homes, vacant land, townhomes and multi-family. 
INVESTORS - Coming from an investor background I am deal oriented. I have been able to get great deals for my investor buyers. Investors who work with me know what is coming on the market, and through me, learn how to get the best deals. I learn from investors too. There are some very creative people out there.
END USERS AND RETAIL BUYERS - I get great deals for end users too! I am confident in saying that all of my foreclosure related properties have sold for less than market value. I get buyers prepared to act, so when a deal comes along they are ready to move quickly. Be patient finding your new home, but be prepared to act quickly when you find it.
Bottom line is I am deal oriented. Service, Honesty and Integrity have played a major role in my life. Because what I do is paperwork intensive, time consuming, and discounted, I only work with a limited number of buyers at any given time. You will get my time, expertise, and a good deal. In exchange, I request your loyalty. REOs For over 2 years I worked with a company that handled 90% bank owned property. They had been in the REO business for over 10 years. We worked with over 30 different banks. The banks sought my advice for evaluating properties for acquisition, management of properties, and disposition of unwanted assets. I learned much in my time with them but in early 2010 it was time to move on. REO work is much harder than regular real estate. To be frank, many agents are not willing to work as hard as REO agents do. We are regularly required to do BPOs (Broker Price Opinions) on our listings and other properties going into, or emerging from, the foreclosure process. This helps us know what a property is worth. What it will sell for is often a different number. I am confident in my abilities to value properties for buying or selling purposes. At the beginning of the REO or short sale process we predict at what price a property will sell for. We are usually very close. This should give buyers peace of mind. Many agents have been surprised by where the market is - I am not surprised at all. REOs and short sales are driving the market right now. A short sale agent or investor must keep first and foremost in their mind that they are serving a distressed seller. A person in financial crisis. I have helped people in crisis all my adult life. I have risked my life in the service of others and have the injuries and awards to prove it. Short sales require you to risk your work for a return that may never happen. Sometimes even the best short sale expert is going to be unable to get the deal done. If you are not willing to take risks, and occasionally put the needs of others before your own, then don't get started. "Short Sales: An Ethical Approach", by David Petrovich is a great book. You can spend $5,000 on a seminar if you want, but this book (around $30) will give you an initial insight into the short sale process. The massive amounts of new legislation regarding short sales and foreclosure rescue are coming about for a reason. Working directly with asset managers has helped me know what the cost to foreclose, hold and market is. I use this information to convince (accurately) loss mitigators to submit the offer to the investors for approval.
Areas of Expertise
Short Sales
This is my family at one of our favorite local restaurants.
Phil's License Number:
SL3206732
Member of Daytona Beach Association of Realtors
http://daytonarealtors.com/
Member of Central Florida Realty Investors
http://www.re-investors.com/
Member Port Orange/South Daytona
Chamber of Commerce
http://www.pschamber.com/
