Olympus Asset Management is a management company that specializes in selling foreclosed properties for corporate owners who have foreclosed on a home. Olympus is an outsourcer and is not the owner of the property but working on behalf of the mortgage company to sell the property. Olympus Asset Management is based in Scarborough, Massachusetts.
Many large banks and mortgage companies hire outsourcers to sell their properties that have been foreclosed. In the case of Olympus Asset Management, they represent properties from bank owned sellers such as Citibank, Chase, Great Western Bank, Bank One, First Chicago, BB&T, Long Beach Mortgage and the US Department of Agriculture. It is important to understand that each property probably has different instructions from the owner as to how Olympus Asset Management needs to manage the sale of the property.
Olympus Asset Management utilizes a network of local real estate brokers and agents to assist in selling their properties on the local real estate market. The listing agent will list the property on the area MLS system and assist potential buyers with the purchase of the home. Most agents will also allow other local agents to represent potential buyers as “buyer’s agents” in the purchase of these properties.
When researching foreclosure listings online, be sure to look at properties represented by Olympus Asset Management. Properties are available in many states. Olympus Asset Management has a search feature on their website that allow potential buyers to search by geography and get additional property details online. You can find the search here.