Last month, Auction.com, the nation’s largest distressed real estate marketplace announced the results of its first-ever annual Disposition Summit Client Survey, which surveyed more than 60 bank and nonbank servicer clients along with representatives from government agencies involved in servicing and disposition of distressed properties.
The survey was conducted live. Respondents answered in real-time questions regarding their outlook for the distressed market and loss mitigation, along with biggest disposition priorities, challenges, and general default servicing pain points.
“Our clients continue to favor the innovative early disposition alternatives we have pioneered that tackle the property preservation challenge much more effectively than traditional disposition methods — not only by reducing risk for the servicer, but also by increasing positive impact on neighborhoods,” said Jason Allnutt, CEO at Auction.com.
High-level findings from the survey:
You can view the entire report here.
© 2020 Civic Financial All Rights Reserved. This is not a commitment to lend. Restrictions may apply. LTV limit is based on current, accurate appraised value. Civic Financial Services, LLC reserves the right to amend rates and guidelines. All loans are made in compliance with Federal, State, and Local laws. Civic Financial Services, LLC is a California Finance Lender under NMLS 1099109 and the California Department of Business Oversight License #603L321, AZ Mortgage Broker License #092863, FL Mortgage Lender Servicer License #MLD1536, ID Mortgage Broker/Lender License #MBL-9610, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, UT DRE Mortgage Entity License #10570639. Civic Financial Services, LLC is an equal opportunity lender. Powered by Lenderd.com - Mortgage Marketing