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