About Jim Banford, CEO/Brokerof Real Estate Asset Disposition

Mr. Banford’s career spans 27 years in various aspects of default mortgage servicing, REO disposition, and acquisition of single and multifamily assets for financial institutions in Florida.  His career began at OCWEN where he performed asset management functions in loan resolution and REO Departments of the firm.  From there, he joined the investment firm of Capital Asset and spent the next five years buying and servicing municipal debt, which included real estate tax liens and utility receivables in bulk transactions for an annual budget approaching $1 billion dollars.

REO Acceptance Corp serves as a buyer of low-end REO on a flow basis and has acquired more than 1,700 houses throughout the United States, subject to open liens and encumbrances.

Jim Banford’s Accomplishments:

  • Owns & runs Florida’s #1 firm in terms of units and dollars of REO properties sold
  • More than $1 billion in closed REO transactions
  • Offices with experienced staff in seven locations throughout Florida
  • Private Equity specialty lender focused on Fix and Flip investors
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In 2001, Jim formed Real Estate Asset Disposition (READ Corp) and an affiliated company called REO Acceptance Corp.  READ Corp. has represented more than 30 servicers, lenders, and banks that entrust the firm to manage and sell REO and conduct short sale transactions throughout Florida. In 2016, the firm began work on managing and selling municipal government-owned real estate assets.

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