Real Estate Owned or REO is a class of property owned by a lender, typically a bank, after a default sale at a foreclosure auction. After an unsuccessful auction, the bank will go through the process of trying to sell the property on its own. It will remove some of the liens and other expenses on the property and try to resell it to the public. (wikipedia.org)
For REO departments and lenders alike, it’s time to start thinking outside-the-box.
The Peak Commercial team is committed to dealing with overflowing REO inventory. While Wall Street executives work to rebalance at the industry level, Peak Commercial seeks solutions to today’s challenges, now.
Nothing today is “business as usual.” The Peak Commercial team provides full-service solutions to manage all of your REO needs as our goal is to inject new life into communities across the nation by increasing economic opportunities on a local level.