|By Marketwired .||
|July 17, 2014 09:11 AM EDT||
MIAMI, FL -- (Marketwired) -- 07/17/14 -- Apollo Financial Group, a mortgage-based firm that purchases and sells non-performing bank notes, (www.apollofinancialgrp.com), has recently launched a webinar series available each Tuesday from 7 p.m. to 8 p.m.
"Despite gains in our economic recovery, and even some bright spots in some housing markets, the fact remains that foreclosures haven't abated; actually, they recently surged," says Dean Anastos, founder of Apollo Financial Group.
"Banks have so much distressed debt that they simply cannot release it all at once. With our established relationships to large financial institutions, we facilitate buying via our proprietary model that allows us to cherry-pick the best opportunities for our clients."
Ricky Brava, senior partner at Apollo, cites a sad fact about the housing market that most Americans probably don't know: "There are more vacant houses in the United States than there are homeless people," he says.
The weekly webinars cover a wide range of issues involving distressed debt and how note buyers may profit, including why buying defaulted mortgage notes is an excellent buying strategy, and how it's done.
Anastos is especially sympathetic toward the families facing the loss of their homes.
"I lost a property to foreclosure during the real estate crash," he says. "That's when I realized how much power the mortgage note holder has. If the banks don't want to negotiate, you're out of luck."
Rather than let these "zombie" mortgages linger in a perpetual state of decay, Anastos went to work learning the mortgage side of the real estate business and now specializes in helping families hold onto the American Dream.
"We buy distressed debt bank portfolios that aren't generating cash for the bank and work with the families in the homes to refinance at affordable rates," Brava says. "Because we buy the bank note for much less than its original value, we can provide the homeowner with reasonable loan terms in line with the true value of the home."
About Dean Anastos and Ricky Brava
Dean Anastos is the founder of Apollo Financial Group, and Ricky Brava is senior partner. Anastos is an entrepreneur with a background in real estate, computer programming and trading data communications equipment. Brava specializes in education, marketing and new business development, with an expertise in data-driven, long-term strategic planning. Both men have a strong interest in business opportunities that help resolve societal problems.