Because occupied REO is more important than you might think.
At Jackson & Associates, we don’t see occupied REO as just
an eviction - we view it as an entirely distinct class of asset. Occupied
assets represent an increased risk of property damage, are a significant
factor in any asset’s
carry cost, a basis for complex and potentially severe exposure to legal
risk, a source of unwanted negative PR, as well as an open door to any
instability in local real estate markets.
While occupied assets may represent a small percentage of overall volume,
their impact is felt disproportionately throughout REO. No other
single class of foreclosed asset has a greater impact upon REO loss
severity; yet, at the very same time, no other class of foreclosed
asset is more often misunderstood by the parties who manage it. At
Jackson & Associates,
we believe the time has come for default and REO managers to take
a critical look at their existing management practices for occupied
assets – and
we can help.
Our expertise can help clients identify new and creative approaches
that significantly reduce REO servicing costs, minimize loss severity,
and increase productivity and control.
A track record of performance that speaks for itself.
When it comes to managing post-foreclosure legal process, including
evictions, our track record places us among the industry's elite
performers:
- Our two-year averages for uncontested evictions are significantly
better than published industry guidelines in every US state.
- Over the past two years, our firm has bettered published industry guidelines for
uncontested evictions by an average of 46% nationwide.
- In a weighted state-by-state comparison,
we averaged 31 days better than published industry guidelines
for uncontested evictions in that same state.
Of course, whenever an eviction is involved in litigation or is otherwise
contested, our post-foreclosure legal expertise is an even greater
source of value to our clients. But that's really just the beginning
- our areas of practice span occupied asset management to ensure that
clients gain a unique business partner, not just another outsourcer.
>> next: read about what makes us different.
