May 6, 2010,

Corporate Asset Management, LLC has launched phase 1 of 3 of the Short Sale Management service Platform.

With this model technology servicers can expect to streamline process on short sales and become more efficient.

Orlando, FL.  May 6, 2010: Corporate Asset Management, LLC (“CAMREO”) is a privately owned and operated company based in Los Angeles, California with subsidiary offices around the country and in 3 different countries is a service provider of REO Services to the real estate finance industry.   Its services include broker price opinions, reo management, reo appraisals, real estate technology and most recently the newly added service short sale management.

“With today’s new government home owner assistant programs, servicers need an efficient process that allows for speed and accuracy to take place while achieving top performance over large volume of loans currently on its way to foreclosure” said Javier Zelaya CEO/President of CAMREO.   “We have the technology, the experience, network, innovation, and tactical strategies to manage the short sale process more effectively while keeping the cost down and improving borrower-lender communication.    Our techniques are proven to have the best approach to a successful short sale transaction”.   

CAMREO has organized asset managers and qualified REO agents throughout the country with back up operations in three other countries to facilitate around the clock management and analysis of every short sale transaction including REO.    This collaborative effort also helps maintain better focus on the individual property such as pre-marketing, preservation, municipal code enforcement, valuation, and REO Management.  

During the short sale process CAMREO will work closely with its clients to review offers against local market values using internal marketing systems and broker price opinions to meet servicer’s goals; perform routine vacancy checks to establish comprehensive borrower communication; On vacant homes will assist with preserving the asset while transaction settles;  analyze and resolve junior liens;

Wherever a short sale transaction is not appropriate CAMREO will suggest a deed-in-lieu service, assign the property to an agent and/or present the property to an auction company for faster liquidation and recovery; monitor the property from assignment to closing until transaction is settled. 

For additional information about CAMREO comprehensive short sale management please call 904-256-6000 Ext. 201.  

Lenders/Servicers Contact Javier Zelaya, (213) 596-7682 or Javier.zelaya@camreo.com
Media/News Contact: Eunice Mejia, (213) 596-7682  or  Eunice.mejia@camreo.com