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ServiceLink Partners with Home CORE

FEB 22, 2013 12:06pm ET
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ServiceLink has entered into a partnership with Home CORE, a national network of nonprofit service organizations dedicated to providing homeownership opportunities to millions of low- to moderate-income families through downpayment assistant programs and the purchase and rehabilitation of foreclosed and condemned properties nationwide.

In addition to traditional lenders and servicing companies, ServiceLink, Pittsburgh, works with private equity groups, investment trusts and large nonprofit organizations like those affiliated with Home CORE to convert their pools of real estate owned properties into lease, rental or purchase properties.

"Traditionally, nonprofit housing programs have a tough time gaining access to affordable housing, which is why the work that we are doing at Home CORE is so important," said Rita Sullins Home CORE national program director, in a press release.

"I believe that by partnering with Home CORE to transform large pools of REO properties into viable homes for America's low- to moderate-income families, we will have a meaningful positive impact on both our nation's housing market and economic recovery," added Stacey Bayley, senior vice president, asset management with ServiceLink.

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