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First American | Bank REO Real Estate
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First American Offers Flat Fee on REO Management Service

March 4, 2010 by · Leave a Comment
Filed under: REO News 

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This looks to be a good program for the REO market at the moment.  With the large shadow inventory in the U.S.  Fees for doing real estate transaction can really become a nuisance if a property does not sell quickly.

First American Outsourcing and Technology Solutions is offering a flat-fee package for managing, maintaining and selling REO property, in what they say is a first for the industry.

The business-outsourcing provider is a member of the First American Corp.. Depending on the mixture and prices of the assets in the portfolio, the fixed price on the referral fee could push down expenses even further, according to First American.

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