BenefitsBank Failures, Many Caused by Foreclosure, Continue to Increase. (source: CNNMoney.com)
Given the state of our economy, most all banks feel the pressure of non-performing assets to some degree. Many banks have been hit so hard, the result was so extreme that FDIC demanded closure.
Fortunately, there is a solution that can help banks experiencing a backlog of distressed development properties. Conexxus' award-winning REO Optimizer solution offers both service and software to assist banks with analyzing and selling distressed properties faster and in many cases yielding higher sales prices.
Bank of North Georgia (BNG), a Synovus bank, has liquidated millions of such properties using Conexxus solution and was recognized by Bank Technology News (BTN) as a 2009 Innovator. Contact us today so we can help you analyze and liquidate your distressed development properties.
- Current Mortgages Turning Delinquent Rises for First Time in a Year
- Slide in Home Prices Signals Trouble Ahead
- The Real Mortgage Compliance Risk Isn't Noncompliance
- Seven Million U.S. Mortgages Past Due or in Foreclosure
- Foreclosures reach record high in 3Q
- Bottom in Home Values Still Months Away
- Make Sense of Lenders' REO Options
- Foreclosure Starts Hit Highest Level Since January
