New Online Exchange For Loan And REO Asset Sales

Posted by Orb Staff on August 11, 2009 No Comments
Categories : Mortgage Servicing

rlton Group, based in New York, has launched [link=][u]The Carlton Exchange[/u][/link] (CEX), a proprietary loan and real estate owned (REO) asset sale platform. According to the company, CEX provides buyers and sellers with a competitive bidding process designed to produce multiple, non-contingent final bids accompanied by earnest money deposits and executed, pre-negotiated asset sale agreements. Each step of the transaction process is handled through CEX, from initial investor screening and asset due diligence to bidding and closing, the company adds. Michael J. Campbell, a partner at The Carlton Group, states that CEX was created in response to the increasing demand from institutional buyers and sellers of loan and REO assets for a more efficient, transparent marketplace. SOURCE:The Carlton Gr

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