REO Sentinel, Jacksonville, Fla., has announced the introduction of a technology that offers "an inexpensive but high-value solution" to the problem of monitoring and maintaining presale and real-estate-owned properties. Rich Rollins, chief executive officer of the company, said the device, also called REO Sentinel, was developed in conjunction with loan servicers and a property inspection and preservation company. "For the first time, lenders and their property preservation managers can have real-time views into what is occurring in every defaulted property they are trying to market thanks to a small, patented device installed in each house," Mr. Rollins said. ".... [REO Sentinel] can detect many types of gases, the presence of smoke and high humidity conditions, and even takes a photo of anyone entering the property." The company can be found online at http://www.reosentinel.com.
-
Pricey insurance, expensive maintenance, and struggles with financing are all weighing down the condo market, with Florida and Texas feeling it the most.
3h ago -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
5h ago -
The new integration supports the upcoming Uniform Appraisal Dataset 3.6, which becomes available in September, with mandatory use 14 months later.
5h ago -
The prime jumbo RMBS transaction is collateralized by 402 residential mortgage loans.
5h ago -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
6h ago -
The Senate version makes permanent the mortgage interest and mortgage insurance premium reductions, removes the revenge tax but also cuts CFPB funding.
6h ago