‘In working with REO Leasing Solutions, IMS is equipped to offer additional loss mitigation and REO options to our customer base,’ explains Cheryl Lang, IMS' president and CEO. "The additional expertise that REO Leasing Solutions delivers enables IMS to work within landlord-tenant law – leases, tenant qualification, payment by credit card, tenant turnover, make ready, and habitability and maintenance requirements."
R2L President C. Alan Paylor says the company is strategically building itself in order to provide companies like IMS with end-to-end solutions for leasing/renting mortgaged properties.
"IMS is able to give their investors immediate options, even at their initial due diligence of a distressed portfolio," Paylor says. "REO Leasing Solutions can model a rent/lease option and provide cashflow analysis and [return on investment] on a portfolio or a single loan."