Atlas REO Services tapped property preservation firm REO Allegiance to provide inspection services on previously foreclosed properties. In March, Atlas won a contract to be one of three asset management firms for Freddie Mac. Under the new program developed by REO Allegiance, Atlas will order inspections on every property it sells for its clients. REO Allegiance will investigate and report conditions, upkeep, curb appeal and how marketable the property can be. “Consistent inspections head off potential problems and ensure that all client specific guidelines have been met and that the property is in show-ready condition, which helps to drive sales,” said Lisa Sadaoui, CEO of REO Allegiance. Brian Devlin, the property operations manager at Atlas, said REO Allegiance performed property preservation tasks for the firm for some time. “When we needed a new process for field inspections, they were eager to help us develop the new program,” Devlin said. “They understand the blight that abandoned and vacant properties bring to neighborhoods and the value of improving and maintaining the look of these properties.” Write to Jon Prior. Follow him on Twitter @JonAPrior
Jon Prior was a reporter with HousingWire through late 2012.see full bio
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Jon Prior was a reporter with HousingWire through late 2012.see full bio