Welcome to REO SOLUTIONS, ( real estate owned ) with Jack Studnicky...

I did my first workout in 1975 and have learned valuable lessons over the last thirty four years that give me the edge over "so called experts" who are really learning the business at others expense. Mistakes are costly and I know because I've made them all years ago.
Countless millions of dollars are at risk as Miami Developers and their lenders sort out which side of the balance sheet they will end up. There will be winners and losers as both try to sort out some very complex ifs and hows. This long-anticipated revitalization of Miami depends, for example, on "how" the remaining 6,200 empty condos are liquidated.
If you are on the selling side of the equation, you will view this as the next big opportunity. Dozens of new WORKOUT firms are being formed to take advantage of what many see as a windfall as scavengers from all over the world begin to circle these wounded buildings. If you are a developer or banker, you are not quite as exuberant as you assess the potential battle ahead.
Developers and banks are confronted with losing mega millions and neither is willing to do so easily. It is an incredibly tough time for everybody. The stress, tension and hostility, between people who were once allies, is overwhelming. ONLY THE COOLEST HEADS WILL PREVAIL!
I've been called Jack Magic, not because I make REO magically disappear but because of the higher prices my team achieves in our offices and on the sales floor. We are not in the "fire sale" business. Protecting the "bottom line" takes experience, insight and the connections to navigate the turbulent world of REO workouts. We work with Brokers all over the world to create the sales velocity otherwise not possible.