Thomas O’Connor and Philip DeVasto have joined Jack Conway’s REO division. The two will help sell foreclosed properties in Massachusetts.
Litton Loan Servicing recently made Jack Conway Realtor its exclusive marketing agent for its distressed properties in Massachusetts.
O’Connor and DeVasto and a group of other agents at the company’s Norwell headquarters will handle the inventory of foreclosed homes from Litton Loan Servicing and other sources.
O’Connor will serve on the marketing team, and DeVasto will assist the internal REO department led by Maureen McCaffrey and her staff.
McCaffrey, Conway president of corporate services, was instrumental in securing the contract with Litton, according to the company.
"We’re grateful to Maureen for promoting our name and reputation through her involvement with our national relocation affiliate, the ‘Leading [Real Estate] Companies of the World,’" said Conway CEO Carol Bulman. "I believe we were chosen to handle the business because of the professional and personal way we treat our customers, especially in tough economic times when they are facing particular hardships."
DeVasto joined Jack Conway Co.’s commercial division in 2006 after 20 years of owning and operating his own businesses, including a corporate catering company in Norwell.
For the last three years, he has marketed the nearly-sold out subdivision of luxury townhomes at "Rockway Woods" in Weymouth. DeVasto will work closely with longtime corporate and bank-owned property specialist Kathy Noska in handling Conway’s bank-owned inventory.
"When foreclosed houses come into our company, we assign them to brokers who conduct assessments on the properties," said McCaffrey, a 35-year Conway employee. "The agents visit the homes, secure them if they’re vacant, have them rekeyed, and arrange for such services as a trash-out, boarding, or winterization. Philip is here to help Kathy in coordinating this process."
O’Connor comes to Conway with 15 years of experience as a Boston Realtor and has exclusively marketed bank-owned properties since 2007. He will join the Conway agents in the field who are assigned to assess foreclosed homes, order repairs, estimate their fair market value and sell them to the public.
"The percentage of bank-owned homes in this state right now is extremely high," said O’Connor, a long-time South Shore resident. "These houses sell quickly when they’re vacant, but if occupied, either by tenants or foreclosed owners, that’s when understanding and compassion are so vital. For many people, losing their home is one of the lowest points of their lives, almost akin to a death in the family. I try to help them move on, both physically and emotionally, and that’s an important part of my job."
