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Tag Archives: Property Preservation

Foreclosure Crisis Sparks Project on ‘Rehousing the American Dream’

The nation's ongoing foreclosure crisis has ushered in a new era of lending, volumes of new regulations, even a new federal agency...and now, a new way of looking at architecture and the suburban culture. New York's Museum of Modern Art (MoMA) has announced the launch of a 14-month initiative to examine new architectural possibilities for American cities and suburbs in the context of the foreclosure crisis in the United States.

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REO Tech Firm Offers Refresher on Sound Agent Practices in the Field

With foreclosures expected to rise through 2012, Realis Real Estate Software recently offered tips for REO agents to avoid legal trouble when working with multiple foreclosure properties. The Denver-based workflow management software firm says foreclosure fraud is also increasing, which means potential damaging litigation. Realis says for agents, it all boils down to integrity, organization of all key data, and documentation.

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REO Allegiance to Provide Field Services for 24 Asset Management

REO Allegiance has been selected by 24 Asset Management Corp. as one of its property preservation and field services partners. The company says the decision was made based on the quality of the work provided by REO Allegiance, its reputation in the marketplace, and its status as a certified woman-owned business. According to 24 Asset, less than 5 percent of default-related services are going back to minority- and woman-owned businesses, and both companies agree that with large volumes of these assets concentrated in diverse populations, the involvement of such companies is essential to supporting redevelopment.

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Safeguard Properties Announces Training Partnership with AACE

Safeguard Properties has partnered with the American Association of Code Enforcement (AACE) to offer a training and certification program free of charge to code enforcement officials. Available nationally, the program is conducted via an online, on-demand Webinar platform, the first offered by a mortgage field services company. It provides an overview of best practices pertaining to property preservation and tools to assist code officials with day-to-day responsibilities of maintaining the integrity of properties in their communities.

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Field Services Group Teams With LPS to Launch Code Enforcement Tool

The National Association of Mortgage Field Services (NAMFS) and Lender Processing Services (LPS) have teamed up to develop a new online tool that the organizations say will facilitate communication and collaboration between code enforcement officials and national providers of field services to the mortgage servicing industry. The Web-based tool is called ALLIANCE. It will be launched May 1, and is free to both local code enforcement officials and participating national providers.

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Real Property Insight Selects Mercury Network for New Valuation Service

The Oklahoma-based technology developer a la mode has teamed up with Real Property Insight to bring the industry a new valuation service for distressed assets. Real Property Insight is a specialized integrator of information and services focused on distressed asset disposition, and the company has selected a la mode's Mercury Network Vendor Management Platform to manage the valuation portion of its new product, the Real Property Insight (RPI) Report. a la mode estimates this valuation service will save the industry approximately $72 billion.

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FASConnect Processes 100 Million Proof-of-Performance Photos

Field Asset Services (FAS) successfully processed more than 100 million photos in one year via FASconnect, its online photo management system for proof of performance reporting. The system captures, documents, and securely shares photos of work performed in the field. Powered by Pruvan, FASconnect GPS certification and time and date-stamping capabilities to provide lenders and service providers a ""certified"" performance guarantee of work completed on REO properties.

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REO Allegiance Adds Former BofA Exec to Its Team

REO Allegiance, a national property preservation and eviction field services firm based in New Jersey, has hired Brian Daily to serve as VP of business development. Daily joins REO Allegiance with over 25 years of executive level experience throughout the mortgage industry spanning origination, servicing, and default management, including 15 years with Bank of America.

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Mortgage Contracting Services Names Chief Information Officer

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections, and REO property maintenance, announced Wednesday the addition of Frank Elmore as chief information officer. Elmore is the first individual to hold this position at the company and, beyond overseeing MCS' technology department, is responsible for managing all information technology and computer system initiatives that support corporate operational goals.

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Safeguard Announces Four Executive and Management Appointments

Safeguard Properties issued a notice Thursday announcing the appointments of four individuals to its executive and management teams. Michael Greenbaum has been named to the newly created position of VP, REO. Apryl Seide was appointed as the company's general counsel. Jennifer Anspach has been promoted to director of finance and accounting, and Russ Klein has been named director of quality control.

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