REO Leasing Solutions (R2L) has introduced a suite of services to assist property investors with leasing distressed assets and reinstating value to those troubled assets. The company is a wholly owned subsidiary of reverse mortgage servicer, Reverse Mortgage Solutions.
Utilizing a consumer-focused approach to handling single-family assets, R2L’s asset retention methodology enables borrowers to stay in their homes, investors to continue receiving a return on their investment and local municipalities to maintain a tax revenue stream.
“When loss mitigation efforts have failed and the numbers do not justify selling or retaining the asset, it’s time to consider leasing the property,” said C. Alan Paylor, President of REO Leasing Solutions, LLC.
Marc Helm, Chief Operating Officer of RMS, says of R2L: "We have created a business model that uses a network of local brokers and property managers who help us return real value to investors and borrowers alike. We have a highly experienced team that has the special blend of mortgage and property management expertise.” He continued: “Moving from a secured debt instrument to landlord tenant law presents many, varied challenges and we have just the right professionals and technology to meet them.”
