by Erika Luitjens | Nov 14, 2017 | Fund News, SRF Quarterly Newsletter
Our Non-Performing Notes department was active in the third quarter and sold thirty-five notes, while our Real Estate Department sold thirty-one properties. Strategic Realty Fund contains a large number of non-performing notes. Many of these non-performing notes have...
by Erika Luitjens | Jul 30, 2017 | Fund News, SRF Quarterly Newsletter
The national real estate market continues to be strong and our REO team was able to sell twenty-nine properties and thirteen non-performing mortgages this quarter. We continue to be excited about HUD’s two asset disposal strategies: CWCOT and the Total Debt Program....
by Erika Luitjens | Apr 30, 2017 | Fund News, SRF Quarterly Newsletter
Sales of real estate slows during the winter months, especially in the mid-west and eastern parts of the country. With that being said, Strategic Realty Fund was able to sell twenty-three REO’s and nine mortgages in the first quarter of 2017, as well as modifying 3...
by Erika Luitjens | Dec 31, 2016 | Fund News, SRF Quarterly Newsletter
As the number of REO properties continues to shrink, investors are looking for distressed inventory in different areas and looking at different opportunities to buy discounted real estate. One of those programs is the CWCOT (Claims without Conveyance of Title) that...
by Erika Luitjens | Sep 30, 2016 | Fund News, SRF Quarterly Newsletter
Last month, we attended the Five Star Conference in Dallas, Texas. This is one of the larger conferences that attracts banks, mortgage servicers, Realtors and investors. We were able to meet with the heads of two of our auction company partners, as well as the...
by Erika Luitjens | Jul 15, 2016 | Fund News, SRF Quarterly Newsletter
Stonecrest has had solid success working with and purchasing properties from Bank of America’s Distressed Asset Division. This division sells properties they consider “ titled impaired”. The title may not actually be impaired, but the bank wants to sell these assets...
