Orit Gadish: The Basics of REO

Orit Gadish is the President, CEO, and broker at Gadish Properties, Inc., a Southern California-based brokerage that specializes in high-end real estate and REO transactions.REO stands for Real-Estate Owned, or bank-owned, properties. When a mortgage company wants to get rid of a property, it first tries a foreclosure auction. In this auction, the bidding starts at the price of the loan balance plus accrued interest, in addition to all other costs associated with the foreclosure process. Many foreclosures do not ever receive bids because the starting price is greater than the value of the property. If the property is not sold at a foreclosure auction, it goes back to the bank and becomes an REO.REO real estate is more complex and holds different challenges than regular real estate. Thus, if you are dealing with REO properties, it is wise to work with an agency that specializes in REO.

Summary

Los Angeles resident Orit Gadish operates as the President and REO Real Estate Broker for Gadish Properties, Inc. Overseeing the company operations since 2006, Orit Gadish has provided the necessary leadership to make the firm one of the leading brokerage agencies in the industry. As President of Gadish Properties, Inc., she developed the business procedures to support the REO property process, created an organizational system to facilitate the sale of REO properties, and implemented systems to streamline the REO operation. Orit Gadish and her team possess business relationships with a variety of established banks, loan servicers, and other financial institutions including Wells Fargo Bank, Chase, CitiMortgage, One West Bank, and Bank of America. Prior to establishing Gadish Properties, Inc., Orit Gadish served as a commercial real estate agent for Nai Capital in Encino, California. She possesses a diverse professional background and has also functioned in the finance sector conducting marketing and system integration. Orit Gadish spent several years in the technology industry as a strategic business development professional, project manager, software developer, database administrator, and programmer analyst. She has worked with HiTech Systems, Inc., Capita Technologies, Managed Provider Networks, and Southern California Gas Company. Orit Gadish earned her Bachelor of Arts in Political Science at the University of California at Santa Barbara as well as a Bachelor of Science in Computer Science from National University in Los Angeles. She is a California licensed real estate broker and possesses memberships with numerous industry organizations. Orit Gadish belongs to the California Association of Realtors, the National Association of Realtors, and several city realtor groups. To learn more about Orit Gadish, visit www.gadishproperties.com.

Work History

Work History
Mar 2006 - Present

President

Gadish Properties, Inc.

Education

Education
Jun 2001 - Jun 2005

BA

University of California, Santa Barbara