National REO Brokers Association
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Albert Hakim

Re/Max First



HUD Housing Counselor
About

   

Since 2003, I have focused exclusively on the disposition of distressed assets for REO vendors, hedge funds, and mortgage servicers throughout Metropolitan Detroit. My platform is designed for speed, compliance, and scalability, with a proven track record of low Days on Market and high net recovery across large portfolios.

I bring extensive, hands-on expertise in short sale negotiations, investor approvals, and servicer overlays, allowing complex files to be resolved efficiently and moved to closing without unnecessary delays. This depth of experience reduces fallout rates, shortens cycle times, and minimizes carrying costs for institutional clients.

In 2007, I built a dedicated REO operation to support institutional volume. Today, as Broker/Owner of RE/MAX First City Real Estate Team, my team delivers full-service asset management including BPOs, pricing strategy, Cash for Keys negotiations, occupancy resolution, property preservation oversight, and final disposition. We currently manage 388+ active assets and have consistently ranked among the top performers in Detroit for distressed and bank-owned sales.

Our strength lies in our internal staff and team structure. We operate with eight offices across Metro Detroit, supported by 275+ trained REO agents and dedicated administrative and field staff who manage compliance, reporting, and vendor coordination. This infrastructure allows us to execute quickly, maintain tight control over timelines, and keep assets market-ready—resulting in consistently low DOM.

I have personally overseen the successful disposition of over 250,000 distressed properties, providing deep operational insight into foreclosure timelines, title challenges, occupancy issues, and regulatory requirements. This experience allows us to anticipate problems, resolve them early, and protect asset value.

Asset managers receive clear, proactive communication, timely reporting, and actionable recommendations throughout the life of the asset. Our objective is straightforward: reduce hold time, control risk, and maximize net proceeds for every portfolio we manage.

Additional Locations
Certificate
  • ABR, Accredited Buyer Representative
  • CRS®, Certified Residential Specialist®
  • GRI,Graduate REALTOR® Institute
  • e-PRO®,e-PRO
  • SFR,Short Sales & Foreclosures Resource
  • CDPE,Certified Distressed Property Expert
  • GRI(sm),Graduate REALTOR® Institute
Services

Experience:

  • Over 20 years specializing in distressed asset disposition for REO vendors, hedge funds, and mortgage servicers in Metropolitan Detroit.

  • Personally managed the disposition of 250,000+ distressed properties, including REO, short sales, and occupied assets.

  • Built and manage a dedicated REO team to handle institutional volume since 2007.

Full-Service REO Solutions:

  • BPOs & Valuation: Accurate, timely Broker Price Opinions and valuation reconciliations for portfolio assignments.

  • Short Sales & Investor Approvals: Expertise in negotiating short sales, securing lender and investor approvals, and managing complex files efficiently.

  • Occupancy Resolution: Cash for Keys negotiations, eviction coordination, and vacancy verification to get assets market-ready quickly.

  • Property Preservation & Repairs: Oversight of repairs, maintenance, inspections, utilities, and vendor compliance to protect asset value.

  • Pricing & Marketing Strategy: Aggressive, data-driven pricing and exposure to reduce Days on Market (DOM) while maximizing net proceeds.

  • Full Disposition Management: From assignment through closing, handling all administrative, compliance, and field tasks to ensure smooth transactions.

Team & Infrastructure:

  • Eight offices across Metro Detroit for scalable coverage and rapid response.

  • 275+ trained REO agents supported by administrative and field staff for compliance, reporting, and vendor coordination.

  • Proven ability to manage high-volume portfolios while maintaining tight timeline control.

Performance & Results:

  • Consistently low Days on Market, fast cycle times, and minimized carrying costs.

  • Proactive problem-solving for title, occupancy, and regulatory challenges.

  • Transparent, proactive communication with asset managers, including detailed reporting and actionable recommendations.

Objective:

  • Serve as a trusted REO execution partner to reduce hold time, control risk, and maximize net proceeds for banks, servicers, and institutional investors.

Coverage Area

Serving the

  1. Detroit metro area
  2. Wayne County
  3. Macomb County
  4. Oakland County
  5. St Clair County
  6. Livingston County 
  7. Gennesee County
Technology

Technology & Workflow Platforms:
We leverage industry-leading platforms to streamline operations, enhance reporting, and improve portfolio velocity:

  • Equator, RES.NET, Pyramid Platform, REO Central, REO Genesis – Workflow management, compliance tracking, and investor reporting.

  • Salesforce, Follow Up Boss – Client communication, lead management, and real-time tracking.

  • Exceleras – Data analytics, process optimization, and performance dashboards.

  • House Karma, Zillow, Preferred Team – Marketing, lead generation, and exposure to accelerate sales.

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