NRES email...here is what happened to NRES folks - REO Property Preservation Forum
 
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Old 04-02-2018, 11:44 PM Thread Starter
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NRES email...here is what happened to NRES folks

For all who wondered, here is the latest info from NRES. Just got it in my email yesterday or so. MJ


quote"Escalations ThinkNRES <[email protected]>
Cc:
Escalations ThinkNRES

Apr 2 at 4:35 PM

As you are aware, after almost 10 years in business, National Real Estate Solutions (“NRES”) closed its doors for business on February 13th, 2018. We are aware that you may have an unpaid claim for work performed or services provided with respect to clients properties. We have been working on a plan with creditors and clients to release money to vendors and we will begin sending information, specific to clients and work orders, to vendors this week. Each client will/may have different information and different communication requirements so expect multiple emails from NRES in the coming week. We look forward to working through this process together with you in the coming weeks.

Thank you.



National Real Estate Solutions" unquote

best wishes
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Old 04-04-2018, 09:36 PM
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As previously announced, National Real Estate Solutions (“NRES”) has closed its doors for business. We are aware that you may have an unpaid claim for work performed or services provided with respect to work orders issued by NRES.

NRES wishes to resolve this matter with you amicably, but is unable, due to the fact that all of its assets are collateralized by a lien in favor of its secured creditor, to fully pay you the amount you seek. A small pot has been made available for NRES to satisfy the claims of those creditors like you, whereby in exchange for providing a release of any and all lien rights you may have with respect to the labor or materials you provided, NRES can pay you 25% of the amount owed to you, on your Altisource managed properties, as full and final payment with respect to this matter.

If you are interested in accepting this proposal, please promptly respond to this email by typing YES or NO, letting us know of your interest, and someone will be in touch to work out final details and make arrangements for the payment.

Thank you for your time in considering this proposal.

Aladay LLC
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Old 04-04-2018, 09:38 PM
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That was an email body I was forwarded yesterday

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