Deedback Solutions Announces Strategic Partnership With Stewart Title Company
Deedback Solutions has developed a program specifically to help resurrect delinquent owners and generate revenue from inactive accounts using state of the art contact methodology designed to engage the owner.
- Orlando, FL (1888PressRelease) April 10, 2013 - Deedback Solutions, a division of Reservation Services International (RSI), has confirmed a strategic partnership with Stewart Title Company to provide a professional and seamless service that sees the return of recovered timeshare inventory to a resort or its designee.
Since 2008, the real estate market has been devastated by the global economic downturn. Timeshare real estate is no exception. Owners are defaulting at rates never before seen.
"When owners default, resort developers and Home Owners Associations have little choice but to raise fees or impose assessments to cover the delinquencies of these defaulted owners," said RSI. "This in turn, causes more owners to default due to the increased or additional fees creating an almost irreversible effect."
Deedback Solutions has developed a program specifically to help resurrect delinquent owners and generate revenue from inactive accounts using state of the art contact methodology designed to engage the owner. The program has shown remarkable success in regaining control of resort inventory while circumventing ongoing collection calls or expensive foreclosure costs. The program also provides a way to monetize a resort's remaining and recovered inventory through the RSI travel club.
Shawn Banks, Broker-in-Charge at The Highlands at Sugar, North Carolina commented on the program's success: "We were able to gain control over a significant number of property deeds that we may never have been able to and we also revived a surprising number of our nonpaying owners that elected to continue with their ownership. I would recommend anyone considering use of the Deedback system to do so; this was a win-win for all parties."
The strategic partnership with Stewart Title Company ensures continued success for the Deedback Solutions program by combining the expertise of the world's largest private branded fulfillment company in RSI with the experience of one of ForbesŪ Most Trustworthy Companies in America. This provides security for timeshare owners when choosing such a program as a way to avoid foreclosure.
For more information call 855-782-8785 or visit www.deedbacksolutions.com
About Deedback Solutions
Deedback Solutions is a division of Reservation Services International, the world's largest private branded fulfilment company. RSI has over 250,000 dues paying members with offices currently located in Florida, Georgia and North Carolina.
About Stewart
Stewart Title Co. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and foreign governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Recognized in 2012 by ForbesŪ as one of the Most Trustworthy Companies in America, Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news.
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