REO Vendor Bolsters Rental Program

Green River Capital (GRC) says it has enhanced its rental and property management program for real estate owned properties (REOs).

The program, which offers services on a national and regional basis, handles the disposition of properties identified for liquidation, GRC says.

Eligible property types include single-family residences, two- to four-family homes, and most condos and townhomes. Occupant participants of the rental program are former borrowers and bona fide tenants as defined by the Protecting Tenants at Foreclosure Act, as well as newly sourced tenants, the company explains.

GRC's nationwide network of real estate agents provides local property management in most states, and the company says it engages local property management companies in states that do not permit agents to provide these services.

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