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preREO is an online marketplace that connects local real estate investors with lenders looking to sell delinquent first mortgages secured by vacant properties. Lenders often struggle to take care of hundreds or even thousands of preREOs scattered across the country and are willing to sell these at sizable discounts to market values. preREO investors can take control of these assets during the foreclosure process, including repairing and leasing out, to maximize investment returns. WHAT IS A preREO? A preREO is a delinquent first mortgage secured by a vacant property. Our preREO process expedites the liquidation of NPL assets and maximizes lender recoveries. THE preREO SOLUTION Lenders sell preREOs to local investors who appoint receivers to take control of the preREO during the foreclosure process. Court orders can empower receivers to repair, lease out and collect rent during the foreclosure process. The costs of code enforcement compliance, property preservation, vacant property registrations, vandalism and property deterioration are replaced with income during the foreclosure process. preREO BUYER STEPS 1. Register at preREO.com 2. Search inventory and identify properties of interest. 3. Make offers and communicate with lenders through the preREO platform.
Transnation Title Agency is local. Every title order is data entered, researched, examined, typed, and delivered by our local employees. Each aspect of our closing service is performed by our local employees. Unlike most title providers, no aspect of our service is outsourced to production, service or call centers located remotely in the United States, or in other parts of the world. By retaining control over all our service process, Transnation Title Agency is able to maintain consistently high service standards and provide responsive and flexible solutions to title transfer related issues. Transnation Title Agency traces its roots back to well over one hundred fifty years. Through a series of mergers, acquisitions, and name changes the organization has endured through the Great Depression, the Great Recession, and numerous other economic bumps and bruises. Through it all, our continued focus on customer service has allowed the organization to not only endure, but thrive. In 2008, Transnation reconfigured itself as an agency by purchasing the West Michigan assets of its parent company. Since 2008, Transnation Title Agency has grown from 7 office locations and 60 employees to 31 offices and over 260 people. This growth was recognized by INC. Magazine in 2014 when the magazine placed the agency on its prestigious list of 100 mid-sized United States companies who demonstrated year over year sustained growth between 2007 and 2012.
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