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Hilco Real Estate has launched a new operating unit to service deeply distressed real estate loans and REO assets.
The formation of the Hilco Real Estate Managed Asset Resolution will provide specialized, turnkey loan servicing to lenders and other real estate investing entities on their top distressed loans and REO assets. The HREMAR will service distressed assets in every category from single parcels of raw land to the largest commercial and residential projects.
"There is a large void in the real estate asset management market that Hilco Real Estate Managed Asset Resolution will fill," said Jerry Hudspeth, a servicing industry expert with 25 years of experience, who will be the CEO of the HREMAR.
"Deeply...