Tag Archives: 24 Asset Management Corp.

24 Asset Management Corp. (24 Asset) and RealtyProx Corp. (RealtyProx), a real estate transaction management company based in Oak Brook, Illinois, formed a partnership to provide an array of short sale services to real estate agents and brokers.

The National Association of Real Estate Brokers (NAREB) announced Wednesday that it is ready to launch the next phase of its foreclosure mitigation initiative, the Homeowner's Assurance Program (HAP).

24 Asset Management Corp. was awarded a General Services Administration (GSA) Financial and Business Solutions Schedule contract. Having this contract allows 24 Asset to more easily offer their loss mitigation, debt collection, asset management, real estate owned (REO), and portfolio services to all federal agencies.

The National Association of Real Estate Brokers, Inc. (NAREB) announced the launch of a 25-city, $1.2 billion REO and foreclosure mitigation initiative called the Homeowner's Assurance Program (HAP). NAREB, through is network of industry professionals, will provide the agent infrastructure to manage, market, and dispose of nonperforming loans and REO assets acquired under the program. Targeted buyers include first-time homebuyers and others who are caught in the credit crunch and having trouble purchasing a home.

REO Allegiance has been selected by 24 Asset Management Corp. as one of its property preservation and field services partners. The company says the decision was made based on the quality of the work provided by REO Allegiance, its reputation in the marketplace, and its status as a certified woman-owned business. According to 24 Asset, less than 5 percent of default-related services are going back to minority- and woman-owned businesses, and both companies agree that with large volumes of these assets concentrated in diverse populations, the involvement of such companies is essential to supporting redevelopment.