A Real Estate Owned property or REO is the name for a foreclosed property when the ownership is returned to the Lender. This is where a REO Asset Management Team gets to work. Their goal is to maximize net recovery in the fastest possible time. Success in todayâ€™s market requires visibility into your REO servicing and financially sound partners who are committed to performance, transparency and continual improvement. Using a holistic approach to liquidating REO, we employ and continually develop innovative strategies designed to shorten your time to market, optimize your return and mitigate fraud. We offer our REO Services as individual services or through our cost-saving flat-fee solution. Knowledge Splice Services follows the process described below:
We provide this service for the commercial properties or for raw land or a tract under development, This eliminates the need to order determinations for each individual lot within the same subdivision or building phase by providing one determination at one price for all lots, as lots are built upon and purchase.