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preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community.<\/p>\n
A preREO is a delinquent first mortgage secured by a vacant property, typically a single-family home or condo. These vacant properties become a burden on lenders, incurring significant property preservation costs and often leaving local communities with the blight of abandoned and deteriorating homes.<\/p>\n
“preREO is a solution for lenders who are ill-equipped to maintain these homes from afar,” said CEO Jorge Newbery<\/span>. “We are delighted that, for the first time, community investors can use their local advantage to take control of these properties during the foreclosure process. preREO is a step-by-step program that can help solve the nationwide vacant home problem for lenders, communities and investors.”<\/p>\n preREO brings noteholders and community investors together, allowing for more efficient maintenance and improvement of these challenge properties. Lenders are willing to partner with investors on preREOs at a sizable discount to market values, mitigating their losses now and increasing potential returns for investors, a win-win. With the help of preREO, investors can utilize receivers, appointed by local courts, to repair and rent the properties during the foreclosure process.<\/p>\n The new platform, www.prereo.com, has been redesigned with both user experience and functionality in mind. It has been rebuilt in a way that helps investors with the preREO process from start to finish as well as expanded inventory in communities across the USA<\/span>.<\/p>\n Investors can easily search and bid on preREOs, connect with experts that are familiar with the preREO process and generate financial returns while making a positive impact in their communities.<\/p>\n About preREO:<\/strong> preREO provides access to local distressed mortgages secured by vacant properties along with professional expertise to help investors earn a return while giving back to the community. For more information, visit www.prereo.com.<\/p>\n Media Contact:<\/strong> Tags:<\/b> Carolyn Huizar
Carolyn Huizar<\/span>
Phone: 312.763.6285
Email: chuizar@prereo.com<\/p>\nSee Campaign: <\/strong>http:\/\/prereo.com<\/a>
Contact Information:<\/b>
Carolyn Huizar
\nPhone: 312.763.6285
\nEmail:chuizar@prereo.com<\/p>\n
<\/a>, Wire Real Estate<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
\nPhone: 312.763.6285
\nEmail:\u00a0chuizar@prereo.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community. A preREO is a delinquent first mortgage secured by a vacant property, typically a single-family home or condo. These vacant properties become a … Continue reading preREO Launches Newly Designed Platform for Real Estate Investors<\/span><\/a> Continue Reading