Lou Friedmann

CMO at preREO - Chicago, IL, US

Lou Friedmann's Contact Details
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Location
Chicago,Illinois,United States
Company
preREO
Lou Friedmann's Company Details
preREO logo, preREO contact details

preREO

Chicago, IL, US • 20 - 49 Employees
Real Estate

preREO is an online marketplace that connects local real estate investors with lenders looking to sell delinquent first mortgages secured by vacant properties. Lenders often struggle to take care of hundreds or even thousands of preREOs scattered across the country and are willing to sell these at sizable discounts to market values. preREO investors can take control of these assets during the foreclosure process, including repairing and leasing out, to maximize investment returns.WHAT IS A preREO?A preREO is a delinquent first mortgage secured by a vacant property. Our preREO process expedites the liquidation of NPL assets and maximizes lender recoveries.THE preREO SOLUTIONLenders sell preREOs to local investors who appoint receivers to take control of the preREO during the foreclosure process. Court orders can empower receivers to repair, lease out and collect rent during the foreclosure process. The costs of code enforcement compliance, property preservation, vacant property registrations, vandalism and property deterioration are replaced with income during the foreclosure process.preREO BUYER STEPS1. Register at preREO.com2. Search inventory and identify properties of interest.3. Make offers and communicate with lenders through the preREO platform.

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Lou Friedmann currently works for preREO.
Lou Friedmann's role at preREO is CMO.
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Lou Friedmann works in the Real Estate industry.
Lou Friedmann's colleagues at preREO are Stephanie Fiero, Connie Seda, Kip Pavlovich, Barry Owens, Raul D., Michael Harris and others.
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