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Industry Pros Shifting Focus Toward REO Restoration

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According to a new survey by Altisource Portfolio Solutions, restoration and improvement of REO properties is becoming an increasing priority for many industry professionals.

Altisource released additional results from its inaugural Default Servicing Survey, which revealed that 93 percent of the over 200 mortgage default servicing professionals surveyed said that their organization is making an investment to improve the REO properties under their management. That investment was described as “significant” by 62 percent of those surveyed.

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