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Elaine Alfiero
Associate Broker
Phone (757) 439-9135
Office: Long & Foster Real Estate
800 Laskin Road
VirginiaBeach, VA 23451
Specialties: Residential
Languages: English
  • Licensed Realtor since 1980

  • 25 years  Experience- most experienced REO broker in Southeastern Virginia- Greater Virginia Beach/Newport News, Virginia area

  • Preferred Broker for many lenders, mortgage insurers, and GSE’s.  HUD NLB since 2011.

  • Handling  sales from $1 to $1,000,000.  None too big or small, we’ll handle it all.

  • Member of REOMAC;  member of The Force (Five Star);  SFR certified (short sale and foreclosure resource); A-REO Certified;  Member of US REO Partners

  • Manage a strong team to provide services to HUD,  lenders, MI’s, and investment firms. 

  • Platinum rated broker for HUD account

Previous  Experience:

1991- 2012 - REO Manager and Relocation Manager for Long and Foster Real Estate

1985 - Co-Founder of REO Connection  - one of the first REO Asset Management firms in the US.  Operations and Portfolio Manager, REO Connection 1985-1990 

  • Assisted Federal Trustee in dissolution of  Landbank Equity Corporation (1985-1988)
    • Facilitated Property Preservation and managed the marketing of REO in 11 states
    • Developed Network of agents and brokers nationally and locally
    • Developed  REO computer  and reporting systems
    • Formulated and implemented operating policies and procedures, and broker instruction manuals and forms for this new concept in the real estate industry
    • Provided consulting services to lenders and their staff who were unfamiliar with REO in the 1980’s.
    • Trained Realtors and bank personnel
    • Managed and monitored the assessment of market values, marketing strategies, appraisals, repairs, winterizations, contract negotiations, closings and accounting