Jon Morris has been named broker for the REO (real estate owned) department of Coldwell Banker Bullard Realty.

He succeeds Clegg West, who had headed the department for the past eight years and who will continue to be associated with the Bullard organization.

Morris, who joined Bullard as a sales associate in November of 2002 and began working with the REO department at that time. He joined the REO department as a part-time assistant in 2004, while continuing to serve clients as an agent and continuing to handle a few REO properties. He received his associate broker’s license in February of this year.

The company’s REO team, which includes 23 agents from the various Bullard offices, manages all aspects of foreclosed property listed with the Bullard organization. Morris said the department works with the former owners to ease the transition, then they work as the “eyes and ears” for the bank through the remainder of the process. Once the foreclosure paperwork is completed, the REO team manages the property, taking care of such things as grass cutting, utilities and major reports, and finally lists the property as a traditional real estate sale, marketing to the general public.

Many of the institutions represented are from out-of-state, which means that the REO department must manage the contract and closing process according to a particular state’s procedures. “The processes basically do the same thing, but they all do it differently,” Morris explained.

Morris and his wife Carolyne, who is originally from Fayetteville, currently reside in Senoia and are expecting their first child, a daughter, in September.

Coldwell Banker Bullard, the oldest and largest real estate company headquartered in the Metro South area, has its headquarters in Jonesboro. The organization now has other offices in Griffin, McDonough, Jackson, Peachtree City, Newnan, Conyers, and Locust Grove, and a separate but affiliated company, Coldwell Banker American Land Mart in Conyers.

The Bullard organization, founded in 1956 by the late Cliff Bullard, worked out a franchise agreement with Coldwell Banker Real Estate Corporation a few years ago. Steve Bullard has been with the company for more than 30 years.
The company was ranked at No. 13 in the Atlanta Business Chronicle’s recent listing of “Atlanta’s Top 25 Residential Real Estate Companies”. It is the principal Cendant Mobility broker for the South and East Metro Atlanta areas and has the largest Relocation Department on the Southside.

Coldwell Banker Bullard is the largest Coldwell Banker franchised office in Georgia and is the largest real estate company headquartered between I-20 and the Florida line.

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