Our group employs an elementary strategy. As pressure mounts on lenders to sell distressed properties at bargain prices–forced by a glut of foreclosures, a depressed real estate market, and scarce credit-our group picks up these notes cheaply, then corrects the inherent problems with each asset until they can be sold at far higher prices.
We buy non-performing notes and REO’s from banks or investors at substantial discounts. The notes or REO’S will be acquired at substantial discounts (25-50%) of the unpaid principal balance of original amount due.
Our group intends to “clean up” the note by utilizing a number of different exit strategies to make the property marketable and resell at a profit. Most assets will be listed for sale by a licensed realtor in the market, for sale to the best offer to provide the greatest return to our investors.
Like many parts of the country, the Midwest has experienced a substantial increase in the number of defaulted or distressed home loans. We specifically targets 1-4 residential and small commercial notes. The intent is to stay within the median price range for our market and provide product to the largest pool of potential buyers.
Our products are the best value in the neighborhood. Quick sale, stable inventory with high absorption rates in bread and butter neighborhoods. This model provides the greatest amount of safety for our investors which allows for high investor returns on the targeted notes.
Security on Investment
Each note is secured by the individual asset. We provide insured Title Company closings with a collateral assignment of the first position note. In short, the investor is stepping into the bank position. Once the asset is set up for sale the Title Company will call for a payoff and investors will be paid by the Title Company at closing.