REO Investment Management
The acronym "REO" is a confusing term that applies to a property that goes back to a mortgage company after an unsuccessful foreclosure auction. Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale. The result is that the property "reverts" to the bank. It becomes an REO, or "real estate owned" property.
When this happens, there is no longer a mortgage and the bank is the sole owner. The bank seeks partnerships with investors to deal with necessary improvements, negotiate the removal of tax liens and the payment of any outstanding association dues.
The consortium of companies that make up RS Realty Group offers a distinct advantage for smart financial institutions seeking sales partnerships with educated investors. From the licensed construction team to the property management specialists, we can turn a challenged property into a profit center.