changereo.com

A commonly held belief in REO is that a timeline and a warm body can effectively manage legal process. This belief is built on 2 assumptions: (1) REO legal process must be linear (and thus subject to a timeline), and (2) REO legal process must be under the direct control of the attorney.

Until recently, no one had actually tested these 2 core assumptions. But, this test was recently done - and it clearly showed that REO legal process is in fact dynamically non-linear, complex, and for the most part only indirectly influenced by the attorney. And, when law gets complex, only a trained lawyer will really have any idea how to manage what needs to get done.

Let's be honest - you're really fooling yourself if you think a non-lawyer will know what needs to be in a motion for summary judgment, how a demurrer should be written, or how to respond in a manner that best protects the client's legal interests. When it comes to legal matters, especially those where over 85% of them become complex, a warm body is no substitute for the expert legal training and legal eyes of a real lawyer.

The demonstrated failure of these 2 core assumptions is why over 85% of all REO evictions go unmanaged in existing timeline-based systems, and why servicers using these systems experience spectacular inefficiencies, as well as a spectacular hit on their bottom line. Just as you'd want a doctor to perform any triple bypass you might need, the demonstrated complexity of REO legal process calls for attorney-based management, as well as for a management system that expands beyond the standard timeline approach.

For those interested in innovative and patent-pending systems that go beyond the standard timeline, that were developed by real attorneys with real experience, and which can actually manage REO legal processes as they truly exist, we invite you to give J&A a ring. We have innovative technology solutions, an extensive and unique REO background, and the industry's best REO eviction database - and we'd like to make what we know part of what you know.

ChangeREO.com is sponsored by Jackson and Associates, Inc. As a law firm with approximately a decade of dedicated experience in the nationwide REO management industry, J&A is working to share its unique vision and knowledge with those in the REO community. To learn more about how J&A is introducing new ideas and unique innovation to improve REO, visit www.jandalegal.com.