The Clayton Companies, Shelton, Conn., have acquired Prudential Asset Recovery, a third-party manager of real estate owned.Prudential Asset Recovery, formed in 1992, is currently a subsidiary of Prudential Real Estate and Relocation. The company has handled the management, marketing, and resolution of over 17,000 properties on behalf of mortgage lenders. Terms of the transactions were not disclosed. The Clayton Companies provide due diligence, advisory, and default management services for residential and commercial real estate loan portfolios.
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