Paradigm Default Services LLC says it has initiated real estate owned (REO) services – third-party servicing designed to serve the needs of clients and investors that require aid in dealing with foreclosure volume.
Paradigm is both an operational platform for handing lender-acquired properties and an acquisitions vehicle for business units closely connected to the company's default servicing business. The firm says it acts as a third-party facilitator between lenders and local real estate brokers to ensure that the details of local asset management – taking possession of foreclosed collateral, preparing it for sale, marketing it and closing the sale – are discharged without liability.
Source: Paradigm Default Services