Nick Mastrangelo
Director of REO Services
Broker Associate | REO Specialist
Connecticut Residential & Commercial REO Servicing
REO Industry Leader | 30+ Years of Expertise
A recognized expert in Connecticut’s REO market, Nick Mastrangelo has built a distinguished career spanning over three decades with extensive Residential and Commercial experience. As the Director of REO and Team Leader of the Regional Properties Team at Coldwell Banker Realty, he has successfully closed thousands of REO transactions throughout Connecticut. Known for his hands-on approach and commitment to efficiency, Nick is a trusted partner for asset managers, servicers, and financial institutions nationwide.
Comprehensive REO Services & Client-Centered Approach
- 24/7 Single Point of Contact: Dedicated, responsive service with a full in-house REO support staff.
- Occupancy & Property Management: Immediate occupancy checks, securing/re-key services, and proactive maintenance strategies.
- Cash for Keys Negotiations: High success rate with multi-lingual capabilities.
- Lien & Violation Resolution: Expertise in addressing title issues, municipal violations, and facilitating smooth closings.
- BPOs & Valuation Accuracy: Timely, data-driven pricing strategies that align with market trends along with client strategy with detail to as-is and repair values.
- Seamless Transaction Management: Systematic oversight from assignment to closing, ensuring compliance with client-specific requirements.
- Marketing & Exposure: Professional photography, compelling descriptions, and multi-platform syndication, reaching 700+ real estate websites.
Achievements & Recognition
- 7-Year Five Star Professional: Awarded for exceptional sales and customer service.
- #1 Medium Team in CT (2024): Regional Properties Team ranked #1 in closed units.
- REALTrends The Thousand (2021): Recognized in The Wall Street Journal as the #1 REO team in Connecticut, ranking in the top 1/10 of 1% of Realtors nationwide.
- New Haven Middlesex Association of Realtors: Consistently ranked as a top-producing agent.
- Commercial Investment Division Winner (2021): Recognized for excellence in commercial REO transactions.
Industry Affiliations & Certifications
- National Association of Default Professionals (NADP) | National REO Brokers Association (NRBA) | USREO Partners | REO Network
- Certified REO & Default Professional (RDCP, CREO, Five Star REO Certified, Bubba Mills Certified)
- SFR – Short Sales & Foreclosure Resource | ABR – Accredited Buyer Representative
- Residential Construction Certified (RCC) | Certified New Home Specialist (CNS)
Asset Management Platforms
Systematic Client Service
Nick manages all REO accounts from initial assignment to closing:
- Thorough and documented initial property inspections, occupancy checks, property securing/rekey
- Professional and on-time BPOs
- Data collection for lien or violation issues
- Negotiate Cash for Keys with high success rate
- Orders trash outs & winterizations
- Restore and maintain utility functions
- Obtains property specific repair scopes
- Obtains servicer bids and managing the repair process
- Facilitate client’s marketing strategy
- Perform weekly inspections and reporting
- Review all offers for financing and buyer ability to perform
- Managing contingency deadlines assuring a timely closing
Unparalleled Service, Statewide Coverage
Our success over the years is accredited to our knowledge of solutions for the many difficulties or challenges that may arise during the process of disposition and effortless closing.
We hold ourselves accountable to our work ethic to be responsive, attentive and highly professional. We pride ourselves as a value-added, low maintenance REO broker. We provide personal service and assist with the resolution of liens and violations, repair strategy and provide the maximum exposure for our client’s properties as per their individual guidelines.
Our diverse portfolio of foreclosure or retail residential and commercial properties are located all across Connecticut, giving us the pulse of the varying market in any given community, and ready to handle each new assignment without delay.
A Proven Leader in REO Excellence
Nick Mastrangelo’s leadership, extensive experience, and systematic approach to REO transactions make him a highly sought-after asset in the industry. With a full-time REO support staff and a team of multilingual buyer agents, he delivers unmatched service and seamless execution, ensuring optimal results for his clients.
