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« HUD: Over $29 Billion of Reverse Mortgage Volume in 2009
HUD Updates Reverse Mortgage Servicing FAQ »

Reverse Mortgage Solutions Forms REO Suite of Services

November 4th, 2009  |  by admin Published in News, RMS, Reverse Mortgage  |  4 Comments

image REO Leasing Solutions (R2L) has introduced a suite of services to assist property investors with leasing distressed assets and reinstating value to those troubled assets.  The company is a wholly owned subsidiary of reverse mortgage servicer, Reverse Mortgage Solutions. 

Utilizing a consumer-focused approach to handling single-family assets, R2L’s asset retention methodology enables borrowers to stay in their homes, investors to continue receiving a return on their investment and local municipalities to maintain a tax revenue stream.

“When loss mitigation efforts have failed and the numbers do not justify selling or retaining the asset, it’s time to consider leasing the property,” said C. Alan Paylor, President of REO Leasing Solutions, LLC.

Marc Helm, Chief Operating Officer of RMS, says of R2L: "We have created a business model that uses a network of local brokers and property managers who help us return real value to investors and borrowers alike. We have a highly experienced team that has the special blend of mortgage and property management expertise.” He continued: “Moving from a secured debt instrument to landlord tenant law presents many, varied challenges and we have just the right professionals and technology to meet them.”

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Reverse Mortgage Solutions,REO
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  1. ReverseLife says:

    November 5th, 2009 at 6:15 am (#)

    I guess the question I have on this is: what does this have to do with reverse mortgages?

    Reverse borrowers can't lease their property and move out (without having their loan called due).

  2. reversemaniac says:

    November 5th, 2009 at 6:19 am (#)

    The name of the company is “Reverse Mortgage Solutions”, so I am trying to figure out what “R2L” has to do with reverse mortgages.

  3. Anonymous says:

    November 5th, 2009 at 1:15 pm (#)

    I guess the question I have on this is: what does this have to do with reverse mortgages? rnrnReverse borrowers can’t lease their property and move out (without having their loan called due).rnrnrnrn

  4. reversemaniac says:

    November 5th, 2009 at 1:19 pm (#)

    The name of the company is “Reverse Mortgage Solutions”, so I am trying to figure out what “R2L” has to do with reverse mortgages. rnrn

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