HOUSTON, Oct. 22 /PRNewswire/ -- REO Leasing Solutions, LLC (R2L) has introduced a suite of services to assist property investors with leasing distressed residential assets and reinstating value to those troubled assets.
Utilizing a consumer-focused approach to handling single-family assets either in default or taken over by the lender (REO), 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. The new company is a wholly-owned subsidiary of RMS (also Houston-based), an end-to-end mortgage industry enterprise with loan origination, servicing, subservicing and secondary market securitization expertise.
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."
Mr. Paylor, an industry veteran with over 30 years' experience in the real estate and financial services industry goes on to say, "there are two critical aspects of R2L's solution. The first is to provide an investment option to investors of distressed assets, such as hedge funds, domestic and foreign investors, even auction and buyer clubs. The second is applying the leasing model to on-going loss mitigation of a secured debt. It should be clear to most in the market today, that a non-income producing or vacant property serves no purpose. Investors should consider a borrower-retained option or a new resident leasing the property."
About REO Leasing Solutions, LLC (R2L)
A wholly owned subsidiary of RMS, R2L was created to provide an investment strategy for residential distressed assets with a concern for the consumer. R2L encompasses a range of services utilizing strategic partners from the real estate and property management community as well as a national attorney network. The company supports the complex requirements of leasing/renting mortgaged property in a market that requires an understanding of loss mitigation options in pre-foreclosure as well as the disposition of REO (real estate owned) properties in a time sensitive environment. For more information, please visit www.reo2lease.com
SOURCE REO Leasing Solutions, LLC (R2L)
REO Leasing Solutions, LLC (R2L)
