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Servicers Seek to Build Consumer Interest in REO Properties

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Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing and viable option for consumers, according to the inaugural Default Servicing Survey released by Altisource Portfolio Solutions.

Eighty-two percent of the 200 mortgage default servicing professionals polled for the survey ranked their investment in improving the condition of their REO asset portfolio among the most effective strategies for bring more consumers to the REO market. Ninety-three percent of those surveyed said their company was investing to improve the condition of REO properties under management, while 62 percent said their company was making a significant investment in this area.

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