Member Profile

Elaine Alfiero

Elaine Alfiero - Broker Member

Long and Foster
1788 Legare Lane
Virginia Beach, VA 23464

Office: 757-439-9135
Cell: 757-439-9135
Fax: 757-491-6184


• Licensed Realtor since 1980
• 25 years REO Experience- most experienced REO broker in Southeastern Virginia- Greater Virginia Beach/Newport News, Virginia area
• Preferred Broker for many lenders, mortgage insurers, and HUD.
• Handling REO sales from $1 to $1,000,000. None to big or small, we’ll handle it all.
• Member of US REO PARTNERS, REOMAC, The Force (Five Star); SFR certified (short sale and foreclosure resource); A-REO Certified
• Manage a strong Reo team to provide services to lenders, MI’s, and investment firms. Services include – occupancy in 24 hrs or less; high success rate negotiating cash for keys; coordinating evictions; timely and accurate bpo’s; contractor network available for bids; on staff accounting and a support team.
Previous REO Experience:
• 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



Areas Serviced:

Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Newport News, Hampton and the surrounding areas of Virginia.