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Industry Powerhouses Form Strategic Alliance to Reduce Foreclosures and Provide Distressed Homeowners Much-Needed Relief
Wednesday, July 23, 2008
Foreclosure.com, Lenders Clearing House and First Universal Lending come together to fast-track sale of defaulted real estate through online auctions called 'Quick Sales'
BOCA RATON, Fla., July 23 /PRNewswire/ -- Foreclosure.com today announced
that it has entered into a first-of-its-kind partnership with Lenders Clearing
House and First Universal Lending, creating a dynamic collaboration that will
purchase, market and auction high volumes of distressed real estate through an
online sealed-bid process.
It's a streamlined operation referred to as "Quick Sales" that brings
lenders, sellers and buyers to the negotiating table to help reduce
foreclosures and create amazing real estate investment opportunities for
owner-occupants and investors.
"This idea has been in the works for sometime now," said Foreclosure.com
Founder, President and CEO, Brad Geisen. "Finally, all the pieces are in place
to really make a difference in people's lives in particular and the economy in
general. Put simply, we have the ability and resources to truly revolutionize
the industry in so many different areas. It's remarkable."
Geisen revealed that three companies have their own responsibilities and
areas of expertise, which together creates a one-stop shop for successful real
estate transactions. It's a fine-tuned automated process that helps distressed
homeowners avoid foreclosure situations, lenders liquidate properties fast and
brokers sell more homes to new buyers ... lots of them.
Initial plans are to introduce the proprietary auction system in South
Florida via Foreclosure.com and then quickly expand into additional markets
nationwide over time. It's a strategic alliance that creates a true power in
the industry that is capable of providing innovative solutions to a declining
housing problem that has seeped into just about every corner of the United
States.
"We will soon become the number one resource for lenders, brokers, buyers
and distressed homeowners," said Lenders Clearing House Spokesperson, Becca
Shaffrey. "This not some fly-by-night operation - this collaboration comprises
major players in the industry that have the resources and connections to spark
change and carry us into the 21st century."
Shaffrey indicates that the key component to success is that Lenders
Clearing House is able to move fast, which allows the company to turnaround
and market and sell real estate quickly on Foreclosure.com at significant
discounts. It's a quick and easy process that cuts out the middlemen and
allows buyers to close on homes lightning fast for pennies on the dollar.
Brokers, buyers and distressed homeowners who are interested in learning
more about Lenders Clearing House should visit www.LendersClearingHouse.com or
call (954) 239-4200.
About Foreclosure.com
With more than 1.8 million foreclosure, preforeclosure, bankruptcy, FSBO
and tax lien listings in one place, Foreclosure.com delivers America's largest
and most accurate searchable database of foreclosed homes and investment
property information to its customers and business partners. Based in Boca
Raton, Florida, Foreclosure.com works with hundreds of top lending
institutions and government agencies to list diverse property types on its Web
site, including Real Estate Owned (REO); Department of Housing and Urban
Development (HUD); Department of Veterans Affairs (VA); Fannie Mae; and other
government agency and financial institution properties; as well as listings
from an extensive network of corporate sellers. On the Web:
www.foreclosure.com .
About Lenders Clearing House
Lenders Clearing House is a one-stop shop for successful real estate
transactions, bringing lenders, sellers and buyers to the negotiating table to
help reduce foreclosures and create amazing opportunities for homebuyers,
owner-occupants and investors. Comprised of industry insiders with more than
100 years of collective experience in the real estate lending business,
Lenders Clearing House helps distressed homeowners avoid foreclosure
situations, lenders liquidate properties fast and brokers sell more homes to
buyers. It's the nation's number one resource for the disposition of short
sales, notes, mortgages and Real Estate Owned (REO) homes through a
proprietary online sealed-bid auction system. Lenders Clearing House corporate
offices are located in Hallandale, Fla., and can be found on the Web at
www.LendersClearingHouse.com .
About First Universal Lending LLC
First Universal Lending LLC is a lender that has been servicing retail
clients since 2002 and the wholesale and securitization enterprises dates back
to 1994. With billions of dollars in transactions and a group of in excess of
200 in personnel, First Universal is a leading private company in the consumer
finance industry. The firm is a member of the Better Business Bureau and after
servicing in excess of 100,000 thousand clients the firm has a "B" Rating and
has a complaint rate of less than one half of one percent. The firm also has
had additional strategic relationships throughout its existence with high
profile lending institutions and service providers/counter parties, including
Washington Mutual, Lehman Brothers, HSBC Bank, Goldman Sachs, mortgage
division and the Lending Tree group of companies. The firm provides
additional financial industry services through a number of other affiliated
enterprises, including but not limited to, Emery Fed Inc., which is a division
of Emery Federal Credit Union and Western Thrift & Loan -- a depository
institution that has the approval to provide loans through major financial
institutions in the majority of all states in North America.
SOURCE Foreclosure.com
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