Vasrue Launches REO Service

Vasrue Launches REO Service ELKHART, IN - Vasrue Capital Investments, a progressive real estate solutions provider principally focused on the secondary mortgage market, recently launched its asset management solution. Fully funded to invest in pools valued up to $50 million of the Unpaid Principal Balance (UPB), the company is positioned to acquire troubled assets that burden banks, residential home sellers and hard money lenders.

With more than a decade of real estate expertise plus valuable industry relationships, Vasrue Capital Investments works directly with mortgage sellers, bypassing brokers and intermediaries, to identify, research, appraise and purchase selective performing and nonperforming commercial and single-family residential REO assets throughout Chicago, Indiana, Pennsylvania, Tennessee, Kentucky, Georgia, Arizona, Texas, Nevada and California.

"In purchasing and rehabilitating troubled assets, we're pleased to play a key role in revitalizing communities across the nation that have been negatively impacted by the current global economic crisis," explains Clinton Douglas IV, Asset Manager of Vasrue Capital Investments.

While rebuilding local communities, the company also seeks to expand its relationships with financial institutions, delivering rapid liquidity to depressed mortgage-backed securities markets. Vasrue Capital Investment works with all-sized investment, commercial, regional and community banks nationwide to acquire assets, improve their balance sheet and lending power. In turn, those banks are better equipped to lend money to communities and businesses, ensuring organizations can comfortably satisfy accounts payables and tap into future expansion opportunities.

The end-to-end process typically requires less than 20 days to complete. This process begins with a preliminary review of the seller's property by a senior underwriter. If interested, the seller is notified within three business days and asked to complete all necessary loan paperwork. At that time, Vasrue Capital Investment works with the seller to formally agree upon a price. The company then guides the seller through pre-closing, closing and post-close activities.
Source: Vasrue Capital Investments

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