Initiative Promotes Affordable Home Ownership
At its annual International Convention, RE/MAX announced a strategic alliance with New Vista Asset Management of San Diego, CA. The Strategic Alliance will be aimed at promoting sustainable home ownership especially for first time and multi-cultural home buyers.
“One of the key solutions to solving the problems in today’s real estate market is to keep people in their homes, and when necessary find buyers for homes who will maintain a community’s character,” said Dave Liniger, Chairman and Co-Founder of RE/MAX International, Inc. “Many foreclosures are preventable, but when they are not, the industry must work together to find solutions that support affordable home ownership.”
The RE/MAX – New Vista Alliance will seek to provide support to government agencies, Fannie Mae, Freddie Mac, and private lenders with significant mortgage holdings, at a time when they are processing record numbers of distressed properties. The Strategic Alliance will provide state-of-the-art valuations, property management, marketing services and troubled asset disposition.
“We are very pleased to be working with the professional Sales Associates of RE/MAX,” said Jim Park, President and CEO of New Vista Asset Management. “Through this Strategic Alliance, we believe we can have a very positive impact on the housing situation in hundreds of communities across the country.”
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