preREO, an online marketplace connecting real estate buyers with servicers looking to sell delinquent first mortgages and REO properties, has hired Raul De La Riva as director of technology and innovation.
De La Riva was formerly senior director of auction strategy at ServiceLink and director of residential operations and support at Auction.com. His operational expertise was leveraged numerous times during his tenure with Auction.com, including for the launch of programs such as occupied REO, CWCOT, foreclosure sales, CRE (Ten-X.com) and retail C2C (Sold.com).
“I believe there is an increased appetite for both buyers and sellers of distressed real estate in this current market,” De La Riva says. “Buyers are sitting on current capital looking for a new path towards acquisitions, and sellers are looking for additional disposition avenues to explore in the post-pandemic era. preREO provides the ideal solution for both sides, and I’m excited to be a part of it as we look forward towards expanding the public’s engagement with preREO’s innovative marketplace.”