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 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 experience can help clients identify new and creative approaches
that significantly reduce REO servicing costs, minimize loss severity,
and increase productivity and control.
