foreclosure buyouts
foreclosure and chapter 13?
has anyone ever been in forclosure before and filed chapter 13 to save their home and if so did you ever get to refinance your home and how soon after?i know there are chapter13 buyouts and people who help this types of situations to repair credit.but who?
You should contact a Mortgage Broker. The rules are always changing depending on the lender on how quickly you will be able to buy/refinance after a foreclosure/bankruptcy. A few years ago you could refinance immediately. 2 years ago it was at least a year. I think that it is back to immediately. But you still need to have decent credit scores. The fastest way would be for you to reestablish your credit with a couple small credit cards and maybe an auto loan. The sooner that you reestablish your credit the better.
Michael Llamas North American Real Estate Companies
Michael Llamas North American Real Estate Companies
North American Companies is one of the most successful Private Equity, Buyout and Venture
Capital Companies in the United States of America, with over 5 Billion Dollars in aggregate
developing assets. Each of the entities that make up North American’s structure has a clearly
defined purpose as it relates to individual markets, consumers and our partner needs. By
utilizing the different facets of North American, the companies are able to provide unparalleled
service that few are able to realize or compete with. It is because of this structuring and
experience that North American has been able to not only succeed in a growing economy, but
even thrive when the economy as it relates to the real estate industry has been devastated
and the capital markets crippled. In the past year, North American subsidiaries have consummated
more transactions than they had in the previous five years combined.
Real Estate Handy Capping!
Foreclosure and Trustee Note Buyers Michael Llamas and Peter Woodard announce today the purchase of over $50,000,000 in California distressed real estate this year, and at a time when properties are increasing a double digit number per quarter. What makes this a great story is not the number of properties Michael and Peter have been able to acquire but how they have been able to acquire them, the background of their team, the partners, the timing of the market, and the story of how the partners came together and started purchasing distressed real estate in a market like this when distressed undervalued deals are unbelievably hard to find and purchase at any significant discounts. That makes for hard Work!
To start this story off Peter Woodard has been a principal of an international produce brokerage, supplier, shipping company, grower and contract seller for over 25 years. He has also for the past 25 years purchased real estate privately. He is a strong minded, reserved and seasoned businessman. Michael Llamas is a young, witty, deal maker with an eye for a great buy. Michael has spent the last few years purchasing foreclosures and trustee sales with family and since then has amassed quite a track record for himself. He acquired his first property less than a year outside of high school. Peter was one of Michael’s first partners and since acquiring their first property together, have set out to change the way real estate is purchased. The two call the process “wholesale” with a handy cap! A term not too often used when talking about Real Estate. They call it wholesaling because every deal they purchase has to have enough of a discount so they can afford to sell the property at 10-20% below the current market value, and they call it handy capping because they have to take into consideration all of the variables that can affect the purchase, the remodel, the hold, the sell then they discount their purchase to reflect the necessary costs associated with the different sales and hold strategies.
I find it fascinating that in a market this fast paced, with values continuing to increase as fast as they have been, that the pair continues to sale, their properties at below market prices. When asked why they sale the properties below market price Michael stated “were risk adverse and we want to have a guaranteed exit for our homes right away, we don’t want to hope for someone to purchase our homes, we want to know, that’s why we purchase properties at large enough discounts and sell them at a Wholesale price, and we call that Wholesale with a handy cap.”
After looking at the properties they have been able to purchase, I need to evaluate the way I have been buying!
-P.Singh
August 1, 2006
Property Line to Invest in Clarion Hotels.
Real Estate and distressed opportunity company, PLI to invest in Clarion Hotels in San Jose California. The company is led by Partners Michael Llamas and Peter Woodard. The partners have agreed today to capitalize the local Hotel Chain and its San Jose based holding Companies Rosemary Land Co, Delta Hotel Group and other related entities with the necessary capital to expand the company’s position into three additional properties. Delta Hotel group owned by Noor Billawala was unavailable for comment. The Hotel group per public record has 6 properties in the Greater San Jose area consisting of several lots parcels, a golf course and driving range and hotels. The portfolio is estimated to be valued in excess of $300 Million Dollars. The PLI Partnership said today that the Hotel Groups position on their assets is all in areas with tremendous growth and have little leverage. PLI plans on acquiring additional positions in the company as well as the surrounding real estate parcels.
March, 2007
Tahoe, Nevada
Heavenly Ski Resort Condominium Projects to be acquired
Today LW Premier Holdings announced it has reached an agreement to acquire a condominium project in the Heavenly Ski Resort, located in Tahoe Nevada. The company owned by North American Companies principals Peter Woodard and Michael Llamas plan on selling the units over the course of the next few months. The project was acquired for just over $4 million dollars. LW Premier plans on selling the units below retail market value in order to sell the units over the next few months and create demand. The company said it currently has sales reservations on half of the units prior to the closing. LW Premier Holding specializes in the acquisition and repositioning of distress real estate throughout the United States.
December, 2007
Phoenix, Arizona
California Based distressed real estate Buyout Company to acquire a rolling option on Mountain Canyon Condominiums in Phoenix Arizona from Florida based Sunvest Communities. LW Premier Holdings signed a contract to acquire the remaining units located in the exquisite Mountain Canyon Condominium complex today. The deal worth over $17 Million dollars is set to close in several phases over the next few months. LW stated that the market is right to acquire projects that allow you to reposition them for Wholesale liquidation. LW is actively acquiring options on well positioned projects over the next few years in anticipation of a softening market. LW said that it has presold the first phase of its acquisition to wholesale buyers and anticipates doing so on the subsequent phases as well. LW Premier Holdings is a subsidiary of North American Companies of San Francisco, which is owned by Michael Llamas and Peter Woodard.
Founding Partners
Peter Woodard
President and Co-Founder
Steven Llamas
Co-Founder
Michael Llamas
Chief Executive Officer and Co-Founder
Executive Team
Peter Woodard
President and Co-Founder
Michael Llamas
Chief Executive Officer and Co-Founder
Michelle Sides, Esq
Vice President and General Counsel
Zion Jerge
President of Acquisitions
Managing Partner, Regency Capital Partners
Vernon Darrimon
Vice President, Business Development
Managing Partner, North American Acquisitions
Kim Carranza
Operations Manager
Steven Llamas
Co-Founder
Gary Ciampi
President, Montgomery Stone
Acquisitions and Dispositions
Neil Malkin
Business Development
North American Exchange
Michel Piette`
Principal, President of Finance
North American Finance
Abderrazak “Abdou” Boughanmi
Senior Partner
North American Partners
Dana Wolfe
Director Of Operations
North American Partners
Laila Merchant
Acquisitions Manager
South East Division
Michael Zuliani
Principal
North Rock Holdings
Lance Burt
Principal
North Rock Holdings
Bruce Christy
Director
North American Acquisitions
Jayme Moffett
Director
North American Global
Lloyd McFarlin
Director
North American Global
For additional information please visit:
http://www.northamericompanies.com
http://www.michaelllamas.com
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GM announces buyout plans
