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 carry an increased risk of property damage, factor heavily into carry cost, expose clients to potentially severe legal
risk, and can be a source of unwanted negative PR.
While occupied assets may represent a small percentage of overall volume,
their impact can be felt disproportionately throughout REO. No other
single class of foreclosed asset is likely to have 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 believe we can help.
Our focused experience can help clients identify new and creative approaches
aimed at identifying and managing the legal risks and costs associated with servicing occupied REO, and which are designed to enhance management transparency without loss of business control.
