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LRC Asset Management, a majority-owned company of ""Loan Resolution Corporation"":http://www.loanresolution.com/ (LRC), has made available a groundbreaking program that targets fraud and reduces REO timelines to less than 180 days.
[IMAGE] [COLUMN_BREAK]In a release, the Scottsdale, Arizona-based company explained its program, known as RealtyRecon, significantly lowers code violations by verifying occupancy for REOs and provides weekly inspections from agents. The RealtyRecon agents assist the program by visiting the properties on a weekly basis and by delivering reports with photographic evidence.
""The amount of fraud in REO and short sales is staggering,"" said Travis Hamel Olsen, co-president of LRC. ""RealtyReconSM virtually eliminates all fraudulent repair claims by agents and contractors, and those tricky pocket-investors that agents sometimes work with, so we can get the owner of the mortgage the full return they deserve.""
""Our clients have been asking for this resource since the market crashed,"" Olsen added. ""It's time for bogus repair claims and fraudulent agents to go the way of the dinosaurs.""
Last year, LRC was ""named"":http://dsnews.comarticles/loan-resolutions-growth-during-downturn-gives-it-spot-on-incs-500-list-2012-08-21 as one of the fastest growing companies by _INC Magazine_. The company came in at No. 126 after achieving a growth rate of 2,540 percent in three years.
