REO Services
Presently, NMS
specializes in complex or challenging REO disposition, include high and low
value homes, damaged properties, partly unfinished properties, poor markets and
long term holdings. In addition to
direct listings and real estate agent referrals, NMS brokers sales of REO
portfolios between financial institutions and offers customized services,
including the management of property repairs and blind customer inspections of
listed properties.
NMS can successfully
dispose of a difficult to market REO holding through long-term commitments to
bringing a property into a marketable condition. NMS will work with its clients and with local real estate brokers
to identify solutions and implement them with minimal hassles and expenses for
its clients.
If you are assigned an REO listing by NMS, please refer to our separate REO manual for instructions, procedures and forms. In the event that our client has its own REO manual, a copy will be forward to you at the time of the assignment.
NMS brokers loss
mitigation negotiations between lenders and delinquent borrowers, helping them
reach such agreements as deferred payments, refinancing, short sales,
assumptions and deed-in-lieu transactions.
NMS considers each
case individually, analyzing the financial needs of its clients and of the
borrowers, and it strives to reduce the stress and hardship that are a part of
the loss mitigation process. NMS works
to preserve home ownership in as many cases as possible, while working to
reduce losses to investors, preserve servicing income, collect fees and
expedite any legal proceedings. NMS
works to ensure that all parties benefit from a simpler, gentler process.