Financial Recovery Group LLC

Providing Financial Recovery Solutions

ABOUT US

 

EXPERIENCE:  Management has been pioneers in the new evolving Loss Mitigation services to the Real Estate Industry. Key management are considered top experts in the state of Florida. FRG works with more than 20 Real Estate Agents (and growing) with more than 100 years of combined Real Estate Experience.

  • 5 Years of Court Administration experience including processing foreclosure suits for Seminole County Court.
  • 5 Years Loss Mitigation Experience in a new evolving industry
  • 2 Years of Debt Arbitration in the Consumer Credit Market Place
  • 22 Years Business/Sales/Marketing/Management/Ownership experience.
  • 8 Years of Special Large Accounts Receivable Recovery Mitigation on Accounts deemed uncollectible.

FINANCIAL STABILITY:  FRG has a strong balance sheet having the financial resources to handle new evolving markets. The company achieved positive cash flow in its second month.

·         Debt Free Company with Experience in Startup and Capital Raising Ventures

·         Providing solutions to a growing and fast growth industry with many vertical revenue opportunities.

CUSTOMER BASE:  Distressed Homeowners

·         Distressed Homeowners in foreclosure or facing foreclosure

·         Homeowners wanting to refinance their home loan and arbitrate their credit card debt.

·         Real Estate Agents & Brokers

·         Mortgage Brokers, Mortgage Lenders – REO, Title Companies, Property Management Companies

·         Real Estate Investors wanting to buy or sell Pre-foreclosure/REO Properties

SUCCESS/ACHIEVEMENTS: 

·         98% Success in Short Sales Mitigation

·         100% Success in Loan Workouts Mitigation/Negotiation (when we accept the client)

·         1st Company to develop the exclusive 6 wk pricing strategy achieving sales of homes in 4 wks in 80% of properties

·         1st Loss Mitigation Company to implement various consumer protection laws stopping foreclosures

·         Pioneered and created a new market in Real Estate “Reverse Auction Realty”

SERVICE OFFERING/CATEGORIES

·         Short Sale Negotiation Loss

·         Negotiation to Release or Settle Property Liens

·         Negotiate Tax Responsibility/Deficiency (when applicable)

·         List Property for Sale via network of Real Estate Agents

·         Create Marketing and Pricing Strategy for each home to sell in 6 weeks (Reverse Auction Realty Pricing System)

·         Track and Manage Legal Process involving property

·         Prepare Mitigation overview Strategy to Support Comparative Market Analysis, Photo Portfolio and Repair Report

·         Negotiate Deficiency Judgments including 2nd and 3rd liens

·         Negotiate Credit Reporting History Updates with Lenders

·         Short Sale/REO Management Systems: Lawn Service, Pool Service, Home Repair, Short Term Rental, Utility Management (4th Quarter of 2009)

·         Relocation/Rental Referral (To avoid eviction costs) (3rd Quarter of 2009)

CONSULTING AND SUPPORT:

·         Review and advise Real Estate Professionals and Homeowners of their Options

·         Assist, Manage and Procure the Supporting Financial Documents required by Lenders

GEORGRAPHIC TERRITORY:

·         Short Sale Negotiations for Florida

·         Roll out to 1 additional state (3rd Quarter of 2009), Roll out to 3 additional states (4th Quarter of 2009)

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