24/7 Single Point of Contact
Dedicated, responsive service backed by a full-time in-house REO support staff. Asset managers reach one person — not a queue — and get answers the same day.
Connecticut's REO Industry Leader · 40 Years of REO & Short Sale Expertise · Direct: (203) 641-2100 →
REO & Short Sale Services · Connecticut Statewide
A trusted REO & Short Sale broker for asset managers, servicers & financial institutions.
Nick Mastrangelo, Senior REO Broker and Certified Short Sale Expert, leads the Regional Properties Team at Coldwell Banker Realty — delivering systematic, low-maintenance disposition for national clients across all 8 Connecticut counties for over four decades.
40
Years REO Experience
8
CT Counties Served
#1
CT REO Team (WSJ)
New Assignment Intake
Send Nick the file.
Single point of contact. Full-time in-house REO support staff. Initial inspection, occupancy check, and BPO turned around fast.
📞 Direct Line
Certified & Recognized
SFR® Short Sales & Foreclosure Resource
CSSE Certified Short Sale Expert
CREO Certified REO Specialist
Five Star Short Sale Certified
REO Industry Leader · 40 Years of Expertise
Nick Mastrangelo, NRBA
Broker Associate · REO & Short Sale Specialist
Connecticut Residential & Commercial REO Servicing
A recognized expert in Connecticut's REO market, Nick Mastrangelo has built a distinguished career spanning over four decades with extensive residential and commercial experience. As Senior REO Broker and Certified Short Sale Expert, he is also Team Leader of the Regional Properties Team at Coldwell Banker Realty.
Nick and his team service all Connecticut counties — New Haven, Fairfield, Middlesex, New London, Hartford, Litchfield, Tolland, and Windham — all within 60 miles of our main office. Nick is a trusted partner for asset managers, servicers, and financial institutions nationwide, known for his hands-on approach and commitment to efficiency as a value-added, low-maintenance REO broker with a strong contractor network.
SFR®Short Sales & Foreclosure Resource, NAR
CSSECertified Short Sale Expert
Five StarInstitute Short Sale Certified
CREOCertified REO Specialist, NRBA
CREOCertified REO Specialist, Corcoran Coaching
ABRAccredited Buyer Representative
CNSCertified New Home Specialist
EquatorCertified · RES.NET Certified
Anywhere™Corporate Relocation Certified Agent
Value Proposition
A value-added, low-maintenance REO broker.
We pride ourselves on responsive, attentive, and highly professional service backed by a strong contractor network that handles repairs and improvements to maximize net execution. We resolve liens, zoning code violations, and HOA issues; develop repair strategy with detailed cost-to-cure estimates; and deliver maximum exposure for our clients' properties — all per individual client guidelines. Our diverse statewide portfolio gives us the pulse of every Connecticut market, so we're ready to handle each new assignment without delay.
Discuss An Assignment →
Short Sale Servicing
40+ years of distressed property disposition.
Beyond REO, Nick is a Certified Short Sale Expert (CSSE) and Short Sales & Foreclosure Resource (SFR®) — successfully negotiating pre-foreclosure approvals that reduce timelines and minimize investor losses.
The systematic REO workflow.
- Initial inspection & occupancy checkThorough, documented property inspection within 24 hours of assignment. Property securing and re-key when needed.
- Professional, on-time BPOsData-driven Broker Price Opinions delivered on platform timelines, with as-is value, repair value, and cost-to-cure analysis.
- Lien & violation data collectionTitle issues, municipal code violations, HOA disputes, and utility liens identified and reported up-front — not at closing.
- Relocation assistance negotiationsBi-lingual buyer agents and a documented high success rate negotiating relocations with occupants.
- Trash-outs, winterizations & utility restorationContractor coordination for cleanouts, seasonal winterizations, and restoring utility functions for showing.
- Repair scopes & contractor bidsProperty-specific repair scopes, competitive bids from our network, and full management of the approved repair process.
- AI-assisted marketing & weekly reportingClient marketing strategy executed across 900+ platforms, with weekly inspections and status reports on schedule.
- Offer vetting & contingency managementEvery offer reviewed for financing strength and buyer ability to perform. Contingency deadlines tracked to ensure a timely close.
Achievements & Recognition
Performance that institutional clients rely on.
#1 REO Team in CT.
Recognized in The Wall Street Journal (RealTrends "The Thousand," 2021) as the #1 REO team in Connecticut — ranking in the top 1/10 of 1% of Realtors nationwide.
International President's Circle.
Consistent International President's Circle (Top 10%) with Coldwell Banker Realty — sustained top-tier performance year after year, not a one-time recognition.
Consistent Top Medium Team.
Regional Properties Team consistently ranked as a Top Medium Team with Coldwell Banker Realty CT by closed units.
2021 Deal of the Year.
Commercial Investment Division in CT — 2021 Deal of the Year Award. Recognized for excellence in commercial REO transactions, beyond the residential side most CT brokers handle.
Five Star Professional.
Consistent Five Star Professional recognition — awarded for exceptional sales volume and customer service through independent third-party client and peer evaluation.
NHMAR Top Producer.
New Haven Middlesex Association of Realtors — consistently ranked as a top-producing agent. Local market depth combined with statewide reach.
Industry Memberships
NRBA National REO Brokers Association
NADP National Association of Default Professionals
USREO Partners
REO Network
Asset Manager FAQ
What clients ask before assigning the first file.
What's your typical turnaround for an initial BPO and occupancy check?
Initial occupancy check is typically completed within 24–48 hours of assignment. Professional BPOs are delivered on platform timelines — most assignments within 3–5 business days, faster when required. We treat every assignment as time-sensitive because we know our clients do.
Do you handle both residential and commercial REO?
Yes. Our portfolio includes residential single-family, multi-family, condos, mixed-use, retail, office, industrial, and commercial REO across Connecticut. Nick was named the 2021 Deal of the Year Award winner by the Commercial Investment Division in CT — most CT brokers handle residential only.
Which asset management platforms do you work on?
We're active across Equator, RES.NET Pro-Plus, Pyramid, LRES Ascribe, Exceleras, VRM, Yardi/P260, HomePath, Aspen iAgent, RIO Genesis, Collaborate 54, and BidonHomes.com. Nick is Equator Certified and RES.NET Certified. Memberships include NRBA, NADP, USREO Partners, and REO Network. New platform onboarding is straightforward — we've done it many times.
Do you offer short sale servicing in addition to REO?
Yes. Nick holds the Short Sales & Foreclosure Resource (SFR®) designation from NAR and is a Certified Short Sale Expert (CSSE) with 40+ years of distressed property experience. We negotiate directly with loss mitigation departments and junior lien holders to reduce foreclosure timelines and minimize investor losses.
How do you handle relocation assistance (Cash for Keys)?
Respectfully and efficiently. Our bi-lingual team agents communicate directly with occupants in their preferred language, document the process per client requirements, and consistently deliver a high success rate — minimizing legal exposure and accelerating disposition timelines.
What does the weekly reporting look like?
Weekly property inspections with photo documentation, status updates on all open items (liens, violations, repairs, marketing activity, offer pipeline), and platform-formatted reports submitted on the client's required cadence. Asset managers know where every file stands without having to ask.
How do you manage repair scopes and vendor bids?
We develop property-specific repair scopes, solicit competitive bids from our strong contractor network, submit them for client approval, and manage the entire repair process from start to inspection. Detailed cost documentation accompanies every approval request to maximize net execution.
Do you cover all of Connecticut?
Yes — all 8 Connecticut counties: New Haven, Fairfield, Middlesex, New London, Hartford, Litchfield, Tolland, and Windham. All assignments fall within 60 miles of our Orange office, giving us local market depth combined with true statewide coverage.
How do you vet buyer offers for ability to perform?
Every offer is reviewed for financing pre-approval strength, lender credibility, contingency reasonableness, and buyer history. We track contingency deadlines aggressively — financing, inspection, appraisal — to flag any risk to a timely closing before it becomes a delay.
What makes you a "low-maintenance" REO broker?
We anticipate, we don't escalate. Single point of contact, full-time in-house support staff, documented workflow, proactive reporting, and proven systems mean asset managers don't have to chase status, re-explain requirements, or manage around us. That's the entire value proposition.
Ready To Assign
Connecticut's REO & Short Sale broker, on direct line.
Whether you have a single asset to disposition or an entire portfolio entering Connecticut, talk directly to Nick.
(203) 641-2100
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