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Prominence Capital Advisors LLC Your Ultimate Source for Trustee Sales

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Presentation on theme: "Prominence Capital Advisors LLC Your Ultimate Source for Trustee Sales"— Presentation transcript:

1 Prominence Capital Advisors LLC Your Ultimate Source for Trustee Sales

2 What is a Trustee Sale? Distressed Property Owners
Bring Mortgage Current Trustee Sale/Auction Successful Short Sale Sold to 3rd Party/Investor Bank Owned/REO

3 Trustee Sale – The Timeline
Within 10 Business Days Notice of Default Trustee Mails NOD to Borrower Within 1 Month After 3 Months Mail NOD to ALL Parties Holding Interest in Property Set the Date of Trustee Sale 25 Days PRIOR to Sale Date 20 Days PRIOR to Sale Date Notice of Sale to IRS Publish for 3 Weeks Post on Property Mail Notice to ALL Record the Notice 14 Days PRIOR to Sale Date 5 Business Days PRIOR to Sale Date Trustor’s Right to Reinstate Loan EXPIRES! AUCTION If the property is not sold at Auction it becomes an REO (Bank owned)

4 Three Steps to The Process
Research & Acquisition (Purchase of Property From Trustee Sale) Project Management (Preparing the Property For Sale) Disposition (Sale of Property)

5 Research & Acquisition
PCA LLC Provides the Available Trustee Sales List Select Your Properties Do a Competitive Market Analysis (CMA) on The Selected Properties – PCA LLC (It is Important to Make Sure That Your CMA is Done Well, as to Ensure the Largest Profit Margin and a Viable Sale!) Title Search and Delinquency Property Tax Identify YOUR Maximum Bid (take into consideration reconditioning and miscellaneous expenses)

6 How To Acquire Property Through a Trustee Sale
Find Trustee Sales Listings PCA LLC Provides the Available Trustee Sales List Select Your Properties Do a Competitive Market Analysis (CMA) on The Selected Properties – PCA LLC (It is Important to Make Sure That Your CMA is Done Well, as to Ensure the Largest Profit Margin and a Viable Sale!) Title Search and Dilinquency Property Tax Identify YOUR Maximum Bid (take into consideration reconditioning and miscellaneous expenses) CMA Select Properties Check Title IRS Liens Property Taxes Judgments HOA Delinquencies

7 Property Analysis PCA LLC’s Analysts Research and Qualify the Properties With Best Features and High Return Potential Title Search Done on All the Properties Judgments, Mechanic Liens, IRS liens, HOA, Lis Pendents, Property taxes PCA LLC ONLY deals with First Deed of Trust on Title Conducts an Onsite Visit of Property (take photos, verify occupancy, take notes regarding reconditioning issues, …)

8 Acceptance of Service Investor Signs Contract, and Deposits the Fully refundable PCA LLC Service Fee PCA LLC Presents the Qualified Properties to Interested Investors PCA LLC and Investor Select the Property(ies) to Acquire and Agree Upon the Maximum Bid Price for Each Investor Submits the Bid Funds (Cashier Checks)

9 Acceptance of Service (continued)
CASHIERS CHECKS: Should be made in Several Denominations ($1k, $5k, $10k, …) Cashiers Checks are made out to Yourself or the Legal Entity that is Acquiring the Property (for Personal Liability Protection)

10 The Acquisition PCA LLC goes after the property!
Power of Attorney (Filled out CORRECTLY and SIGNED Prior to the Auction) PCA LLC Contacts Trustee Company to check that Non of The Properties Where Canceled or Postponed START BIDDING! Within 14 Days after Purchase Trustee Deed obtained and Recorded

11 The Acquisition Receipt Of Funds and Instructions

12 2. Project Management (Preparing the Property For Sale)
Investor hires an Eviction Specialist or Attorney, if needed. Investor hires a Contractor to remodel the property to specs PCA LLC provides Follow-up Services to Investors (Clients)

13 The fastest turn-around time in the industry!
3. Disposition PCA LLC provides the most updated CMA and Suggested Market Price. Investor puts property back on the market PCA LLC lists the property ANCA Offers: Lease Option Management Services The fastest turn-around time in the industry! (limited Only by circumstances tied to evection and remodeling time)

14 Return on Investment Property sells in the allotted time
Investor makes a handsome return! Investor chooses ANCA to grow their assets again.

15 Next Step Ask for The PCA LLC Service Contract START WITH PROMINENCE!
START YOUR INVESTING INTO TRUSTEE SALES TODAY! START WITH THE PROVEN NAME IN THE INDUSTRY! START WITH PROMINENCE! Ask for The PCA LLC Service Contract

16 PCA LLC Contact Info Project Manager: Nick Zigic (626) Team Administrator: 100 W. Lemon Ave. #203 Monrovia, CA 91016 Tel: (626) Fax: (626)


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