REI INK

Almost Half of U.S. Counties at Above-Average Risk for Increased Rental Property Defaults

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A new analysis released today from RealtyTrac shows that single-family rental property owners in 48% of all U.S. counties are at above average risk for default. The RealtyTrac Rental Property Risk Report gauges the relative default risk of single-family rental homes, almost 90% of which are owned by mom-and-pop investors who own fewer than 10 properties. The financial impact of COVID-19, resulting job losses, and government-imposed eviction moratoria have all

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Pay Ready Eliminates Friction for Resident Payments As Moratoriums Extend

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Pay Ready Inc., (formerly Debt Logic) a cloud based software where clients can manage and track everything debt related in one place, has proven to benefit companies in the multi housing sector. Knowing that there are major gaps in communication, technology, and trust from the time a file is determined to be delinquent throughout the collection process, Pay Ready deploys ongoing automation and statistically based solutions to improve collection performance

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EXIT Realty Corp. International Adds NetSheet™ to Premier Partner Program

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NetSheet™, a company which provides brokerages and their agents with the ability to generate accurate buyer and seller estimates through a seamless integration with their preferred title companies right on their real estate websites, announced its strategic partnership launch with EXIT Realty Corp. International.  With this partnership, EXIT has positioned its network with the ability to provide their clients and consumers with the accurate information they want when they want

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Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch

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Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up from 25.5% in 2019, a 9% year-over-year increase. The increase is driven by people leaving expensive coastal areas for relatively affordable places. The uptick in migration is exacerbating the severe shortage of homes for sale in 2021. In December, supply was down a

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CIVIC FINANCIAL SERVICES ANNOUNCES ACQUISITION BY PACWEST BANCORP

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Civic Financial Services, LLC (“CIVIC”) announced today that Pacific Western Bank has purchased the company from Wedgewood, LLC (“Wedgewood”). Based in Redondo Beach, Calif., CIVIC is one of the leading institutional private lenders in the U.S. specializing in originating residential business-purpose loans (BPLs). Terms of the agreement were not disclosed. CIVIC was founded in 2014 through a partnership between Wedgewood and one of its subsidiaries, HMC Assets, to serve investors

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Target Auction Company Announces Online Auction Sale of 15 South Florida Residential Rental Properties

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Target Auction Company is offering 15 residential rental properties in Southeast Florida at online auction. The properties are located within the cities of Pompano Beach, Ft. Lauderdale, Hollywood, Miami Gardens, Opa Locka, Miami, and Homestead, Florida. Online bidding will begin Thursday, Feb. 18 and concludes Thursday, Feb 25 at 10 a.m. EST. Technology has changed the way investors and home buyers purchase real estate. Bidding and buying online is now as simple as the click of a button. Online auction marketing is the safest and

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