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Madison Title Launches REO Solutions Group

LAKEWOOD, NJ-Madison Title Agency has established an REO solutions and bulk transaction management services unit.

By Maria Wood | Updated on July 29, 2009

LAKEWOOD, NJ-To help its clients deal with distressed assets, Madison Title Agency has established an REO solutions and bulk transaction management services unit. Director of strategic business development Dov Shimano will head the new division along with Madison’s national director Eli Young and director of operations Elliot S. Zaks.

Among the services the new unit will provide asset tracking and reporting; due diligence; deed and transfer documentation preparation and recording; and disposition management. Shimano tells GlobeSt.com that many of Madison’s clients found themselves unprepared to deal with the complexities of REO properties, which is what led to the establishment of the new unit.

“Investors didn’t realize how deep and technical these situations can get,” he says. The new Madison unit will not only help clients purchase REO properties in bulk, but also formulate an exit strategy. Currently, the division is working “a few thousand” assets nationwide, Shimano says.

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