All Statewide Property Corporation achieves goals for homeowners and investors
Land O’ Lakes, FL – February 15, 2010 — All Statewide Property Corporation (ASPC) has a solution for investors seeking a safe financial niche with a high yield in today’s unsure and volatile marketplace.
ASPC creates Portfolios with a target rate of return of 15-22% per annum on the original principal invested. This investment is designed similar to a GinnieMae to self liquidate within 3 years of the inception.
Their business model is unlike others. They work with homeowners who are making the strategic decision to restructure their mortgages rather than let the property revert to the lender by foreclosure. It’s not the inability to pay that is motivating these folks; it is a make-sense financial decision. Through Wilshire Holding Group, Inc., an affiliate company, ASPC has access to these quality homeowners.
Many of these people were encouraged to participate in loan modification programs following guidelines requiring them to not pay their monthly mortgage for 3 months. Subsequent to this default, and after submitting their documentation, they were informed they would not qualify for modification due to their high income and assets. The procedure frustrated these homeowners, and at the same time destroyed their credit rating by the Lender’s requirement of nonpayment.
ASPC program is a Win-Win-Win solution for the investor, the borrower and the bank. Their portfolio of attractive, desirable, current valued collateral properties is occupied by homeowners who are financially solvent and have the ability to perform.
By reducing the face of the note to today’s current market value, and then discounting the note 20% to the pool of investors, the homeowner and investor have both achieved their goals of home retention and high yield.
Interested parties may contact All Statewide Property Corporation at 877-718-6289 or visit www.allstatewide.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the limited partnership interests described herein, nor shall there be any sale of these limited partnership interests in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement.
PO Box 1067
Land O Lakes, FL 34639
Tel: (877) 718-6289