WEST VALLEY CITY, Utah--(BUSINESS WIRE)--Green River Capital (GRC), an REO asset management and loss mitigation provider for mortgage servicers, investment firms, credit unions and banking institutions, announced today that the company has enhanced its rental and property management program, an REO alternative that helps bank clients preserve and maintain their properties. Following President Obama’s recent request for proposals from firms on new rental strategies, GRC’s program offers financial institutions a viable option for effectively managing REO properties while helping consumers regain some financial stability.
GRC’s program provides residential property management and rental services on a national and regional basis. Additionally, the program handles the disposition of properties identified for liquidation. The program includes single-family residences, two-to-four family homes and most condominium and townhome properties. Occupant participants of the rental program are former borrowers and bona fide tenants as defined by the Protecting Tenants at Foreclosure Act (PTFA), as well as newly sourced tenants.
“With the housing market’s continuing challenges and President Obama’s recent request for firms to propose alternative rental approaches, GRC’s enhanced, non-traditional servicing program allows our clients to conserve their properties and prevent losses,” said Joe D’Urso, president of Green River Capital. “We have built a large network of agents across the country. We have also established strong partnerships with local and national property management and preservation companies, which ensures positive results for our rental program and success for our clients, while also producing a winning situation for tenants.”
While the rental program is operated from GRC’s headquarters outside of Salt Lake City, the company’s nationwide network of real estate agents provides local property management in most states. GRC specifically qualifies its agents to provide management services based on each agent’s level of expertise and industry experience. GRC also engages local property management companies in states that do not permit agents to provide these services.
About Green River Capital
West Valley, Utah-based Green River Capital (GRC) is a leading REO asset management and loss mitigation provider. The company leverages its proprietary technology and a nationwide network of attorneys, brokers, appraisers, contractors and title professionals to offer scaleable and customized solutions. GRC provides REO asset management, portfolio valuation/due diligence, a short sale program and rental program management. GRC’s sister companies are Green River Financial, a short sale program provider, and Infinity Valuation Services, a BPO company.
For more information, visit www.greenrivercap.com.