REOMAC, a not-for-profit trade association serving the mortgage default industry, has formed the Commercial Real Estate Committee. Primarily focused on the residential real estate owned (REO) industry, REOMAC believes with the creation of this new committee that the organization will be able to better serve the private sector of the default industry. The Commercial Real Estate Committee will be led by co-chairs and REOMAC members John Murray and Peter Monroe.
‘In light of the imminent tsunami of commercial mortgage defaults and foreclosures, it is crucial that our organization find new and innovative ways to help the private REO industry respond," explains Shelley Kaye, president of REOMAC. "Peter and John bring a unique blend of REO skills and commercial real estate experience which will help guide REOMAC in its new initiative."
REOMAC's Commercial Real Estate Committee will provide those within the private sector of the default industry a resource for education, information and networking.