Lenders Clearing House Ramps Up REO Business

Real estate reseller Lenders Clearing House has agreed to sell REO properties for the U.S. Department of Housing and Urban Development Neighborhood Stabilization Program.

“Previously, on average, we acquired and sold 300 foreclosed and abandoned homes a year, after quickly restoring them to ‘like new’ condition and offering them at or above current market pricing,” states Zolt Szorenyi, CEO of Lenders Clearing House.


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