Jenkintown, PA, November 21, 2014: America’s Great Recession – which officially lasted from December 2007 to July 2009 – began with the bursting of the country’s 8 trillion dollar housing bubble. According to the U.S. Bureau of Labor Statistics, few industries attracted as much attention during the recent recession as financial institutions. American Realty Solutions (ARS), led by CEO Stephen J. Izzi, have taken steps to develop creative ways that tackle some of the hardships community banks endured during this tumultuous time, including managing their real estate and impaired loans. Providing this service allows banks to cut overhead on nonperforming assets and focus talent on growth rather than detrimental assets.
Starting in late 2013, Izzi began engaging with banks by using his experienced background in a wide variety of real estate practices including: title management, tax lien servicing, real estate sales, property management and prior personal experience in banking. These services helped foster innovative ways to aid banks with everything from special asset servicing to tax lien management.
Izzi and his experienced team of former bankers have helped financial institutions liquidate dying special assets and REO portfolios by providing:
- external value-added collection
- sales services
Delivering all of the services under one umbrella has allowed efficient results and driven success stories that leave all decisions with the bank. Examples of these can be found on American Realty Solutions website: http://www.amerrealtysolutions.com/news/
“Community banks are important for small business in every locality. Allowing community banks to spend capital in the community and spend it in areas that allow growth is what we are providing,” says Steven J. Izzi, CEO of American Realty Solutions. “Our services allow banks to focus their talent on growth and positive assets, while our team of former bankers and real estate professionals take care of special and troubled assets. There are investors out there that want banks special assets, and we are good at connecting those two groups.”
Please see our About section on our website for more information. http://www.amerrealtysolutions.com/about/