Tag Archives: Properties

Brief Sale Specialists in Los Angeles Housing Assist of America Continues to Support Stop Foreclosures for Owners of Distressed Properties

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Los Angeles, CA (PRWEB) August 20, 2009

Housing Assist of America, America’s #1 Brief Sale Specialist announced a 75% achievement price for helping distressed home owners for the duration of the nations housing crisis. With a lot more than 336,173 foreclosure filings reported in the month of June, 2009 and 1,905,723 foreclosure filings, default notices, auction sales notices and bank repossessions we reported on 1,528,364 U.S. properties in the course of the initial six months of the 2009 year. These numbers represent a 15% increase in total property filings for 2009 and the fourth straight month of 300,000 filings.

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“The numbers say that this is a vital time not only for the housing market, but much more so for the property owner,” said Housing Assist of America President, Aram Afshar. “We speak and meet with hundreds of individuals a month who are on the verge of losing their property and not becoming capable to purchase an additional one for ten years because of foreclosure. For a lot of of them, this was the biggest and most emotional acquire they have ever produced in their lives, and you can feel and hear the pain that comes with their circumstance and we truly want to support.”

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Those who have filed for foreclosure realize that it will negatively have an effect on their credit score and their capability to purchase a residence in the coming years. For the hundreds of thousands who have filed for foreclosure or who are on the verge of foreclosure, many of them did not or never know that there is yet another alternative short sales!

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Although foreclosure is a way out of a undesirable loan, there are lengthy term consequences to this choice. On the other side of foreclosure, there is the option of a Short Sale. Brief Sales place an instant cease to foreclosure and only impacts your credit rating minimally staying on your credit report for two years and lowers your credit score by 80 – 120 points.

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Brief Sales are a way to save much more than your credit score, a poor loan and the possibility of acquiring a new house in two years. It reduces tension and gives you a little of your piece of mind back.

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Take a moment to visit the Housing Assist of America website to see how you can advantage from their free of charge Brief Sale, Loan Modification, Refinancing, VA solutions and much more.

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About Housing Assist of America:&#13

With more than 30 years experience in Genuine Estate, Housing Help of America proudly solutions thousands of homeowners who are struggling with their mortgage payments. The organization was formed in an effort to give property owners with the honest service that they deserve in these rough occasions. Housing Help helps homeowners map out the next many years for them, in showing how particular decisions will lead them to a brighter future and we will negotiate a resolution that is hugely advantageous for all parties involved. Their intense concentrate on each certain homeowner is why they are the nation’s leading short sale and loss mitigation specialist in actual estate. For much more details, please check out http://www.HousingAssist.com.

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R.O.I. Properties Specializes in Helping Commercial Real Estate Investors Get Bulk REO Properties in Arizona

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Phoenix, AZ (PRWEB) October 2, 2009

R.O.I. Properties, a Phoenix-primarily based real estate firm, specializes in helping industrial true estate investors get bulk REO properties in Arizona. Getting bulk REO properties creates an huge opportunity for each the small and huge investor.

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“Purchasing REO properties in bulk provides investors with the capability to acquire REO properties at a fraction of the expense in an environment exactly where they could not get anywhere close to the terms and pricing they want on their personal,” mentioned Beth Jo Zeitzer, President / Designated Broker of R.O.I. Properties. “We specialize in assisting industrial investors meet their needs and steer clear of the hassles involved in the bulk acquiring process.”

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The size and capitalization of a group brings tremendous credibility to the table considering that the group can supply numerous exit strategies for the properties. Buyers can invest in REO properties with out the hassles of going to auctions, contacting banks, probate sales, estate sales, and so forth.

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According to genuine estate expert Robert Kline of RW Kline, LLC, there are several advantages related with investing in commercial actual estate in bulk. The 1st is that stopping retail foreclosures rewards the tenants and their organization. The foreclosure procedure requires months and can result in temporary maintenance, safety and insurance problems even though the home adjustments hands. Secondly, the government does not have formal assist for industrial loan modifications, though there is funds from the Troubled Asset Relief System to offset losses from bad commercial loans. In addition, the national industrial mortgage debt currently exceeds three.5 trillion dollars, and two-thirds of securitized mortgages due today have no hope of becoming repaid in the near term.

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Over the past eight months, from January 1, 2009 to September 1, 2009, there have been a total of 352 industrial REO sales transactions for a total of more than $ 1 billion. That is a a lot more than 30% decline more than the identical 8-month period in 2008, when the transactions resulted in a sales volume of far more than $ 1.four billion (Costar).

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For more info about genuine estate investment possibilities connected to bulk REO properties in Arizona, check out ROIPropertiesAZ.com.

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About R.O.I. Properties &#13

R.O.I. Properties is a full service actual estate brokerage firm specializing in foreclosure properties in Arizona, bankruptcies, probate properties and much more. R.O.I. functions with banks, lenders, asset managers, bankruptcy attorneys, receivers, fiduciaries and turn around professionals to sell their distressed genuine estate assets, both residential and commercial.

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Contributing Writer: Marcela Houser&#13

Marcela Houser, CCIM, is part of R.O.I. Properties’ Industrial Distressed Assets Division. Marcela has been operating in industrial actual estate for eight years, with a specialization in retail and office leasing and sales. She is bilingual, and brings a wealth of expertise in facilitating transactions with users, owners and investors.

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Actual Estate Agent Forces Banks to Minimize Loan Balances on Investment Properties Via True Estate Cramdown Process

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Scottsdale, AZ (PRWEB) March 28, 2011

A real estate cramdown process may take over a year, and was in a position to force the banks and lenders to minimize loan balances making a principal reduction of the loan so you could maintain the investment properties with a crammed down new loan balance reflecting today’s current marketplace values.

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Robert Highsmith says “if you walk away from a investment house, or foreclose, or do a brief sale, or wait months for a loan modification, you finish up with nothing to show for your difficult operate, except poor credit, while with a forced loan principal reduction or cramdown, you nevertheless may get to hold your investment house, at today’s depression rates, and hold on to see a financial turnaround”.

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Improve in Las Vegas Quick Sales & Distressed Properties Seen in 2010

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Las Vegas, NV (PRWEB) May 26, 2010

With the financial downturn severely hitting Las Vegas and surrounding areas like Henderson and North Las Vegas in the final handful of years, the quantity of distressed properties in the region has never been greater. New York-primarily based Genuine Capital Analytics reported that the total quantity of distressed properties in Las Vegas is valued at about $ 15.6 billion, making it the biggest in the nation.

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Even though Las Vegas foreclosures dominated the market in 2009, the initial quarter of 2010 showed a steady decline due to a decreasing inventory of foreclosed properties, prompting homebuyers like initial-time buyers and investors to turn to Las Vegas, Nevada short sales. In fact, 27% of April sales had been brief sales, according to the Greater Las Vegas Association of Realtors, and was really up from 22% in February.

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With brief sales poised to become the leading trend in Las Vegas, the Craig Tann Group has launched ShortSaleStreamline.com, an on the web resource especially created for Clark County homeowners who can personally relate to the following concerns:&#13

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Leading Mortgage Analyst Forecast Indicates that 11 Million Properties will be Lost to Default

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Miami, FL (PRWEB) October 7, 2010

According to Amherst Securities Group LP, a single of the most respected and major mortgage analyst, an alarming 11 million homes will be lost to default if items continue to move the way they are moving now.

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In an interview with Javier Zelaya, CEO of Corporate Asset Management, LLC (WWW.CAMREO.COM) a privately owned company, he pointed to the reality that one thing wants to be done in order to alleviate the issues caused by this mortgage crisis. He believes that this forecast by Amherst undoubtedly serves as a cry for support issued towards the government and any other entity with the energy to repair or try to boost the housing market place scenario.

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The forecast, which was released in October 1 says that the death spiral of reduce residence prices, a lot more borrowers underwater, greater transition prices (to default), far more distressed sales and lower home costs should be arrested.

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The report also explains that even though there have been recent speak about improvement in mortgage performance, this improvement just reflects big scale modification activity obtaining served to artificially reduced the delinquency rate, the report stated.

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The graph on the appropriate was provided by Amherst Mortgage Insight, and it serves to show the point just pointed out. You can observe an improve in mortgage balances of delinquencies, and also its artificial reduction.

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As far as the fate for defaulting properties, Javier Zelaya explains that the numbers provided by the report are not promising at all, particularly for severe adverse equity properties.

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According to the report, nineteen % of properties with a loan-to-worth of 120% or greater are defaulting every single year.

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The table displayed on the correct was put with each other by HousingStory.net making use of the data offered by Amherst Securities group. It gives the breakdown for House defaults forecasted to add up to an alarming 11 million properties to be lost to default.

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Amherst report also says that possible solutions to this imminent issue could include mandatory principal reductions, looser underwriting of new mortgage loans, leveraged capital pools for investors, and penalties for defaulting homeowners. According to Amherst, a family members who defaults can live rent-free of charge for 20 months on typical. Therefore, Amherst proposes that missed mortgage payments, which includes property taxes and insurance coverage, be counted as W2 earnings.

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Javier Zelaya agrees with Amherst statement that there are also other factors that want to be taken into consideration when studying the marketplace situation. There have been current signs of distress in the market place which incorporate two current record-low readings of existing house sales and the elevated measures for underwriting standards at Fannie and Freddie. Back in 2006, negative-credit borrowers represented about 20% of borrowers, today only 2% of Freddie purchases are poor-credit borrowers.

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To repair this difficulty, one particular of the a lot more desperate measures recommended by the authors of Amherst report is to generate a new mortgage for these home owners who are now behind in their payments. This (default) can be fixed by re-qualifying borrowers who are in a residence they cant afford into a single they can afford, the report explains.

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Though a lot of attempts can and have been made to alleviate the mortgage crisis, If government policy does not change, over 11.5 million borrowers will be in danger of losing their home, the report mentioned.

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About Corporate Asset Management, LLC:

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Corporate Asset Management, LLC is an REO service Management Company that gives true estate lenders and investors a full solution to REO Management and Disposition nationwide. It specializes in the liquidation of single- and multi-family members residences, land, and commercial properties. With their technology and verified management expertise they are in a position to decrease losses in reduce recovery time. Its clients consist of commercial banks, savings and loans, investment bankers, pension funds, mortgage firms, as nicely as customer finance companies and investors looking for a much better way to facilitate the foreclosure procedure.

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By Elizabeth Martinez

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Corporate Asset Management, LLC&#13

Executive Tower&#13

11400 West Olympic Boulevard, Suite 200&#13

Los Angeles, CA 90064&#13

Tel. (213) 596-7682

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Mortgage Lending News, LLC&#13

http://www.mortgagelendingnews.com&#13

11601 Biscayne Blvd. Suite 201&#13

Miami, FL 33181&#13

Tel. (305) 280-7400

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Templeton Properties Ltd. Leverages Netintegrity’s Info-Tracker House Management Computer software Solution to Streamline Rental Management Processes and Handle Future Development

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Toronto, Ontario (PRWEB) June 19, 2013

Netintegrity, a major house and upkeep management computer software provider, is pleased to announce nowadays that Halifax-primarily based Templeton Properties Ltd., a single of the most prestigious and largest developers and residential home owners in Nova Scotia, reported considerable increases in productivity because going live with Information-Tracker Property &amp Maintenance Management Software program resolution a few month ago. As a result, the management group has recognized possibilities to simplify IT management processes, increase portfolio size and provide an enhanced level of client service and ongoing assistance with out the require for additional sources.

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The household-owned and operated Templeton manages multi-family, student and senior apartment rental in Halifax. With far more than 35 years of knowledge and knowledge, Templeton very carefully oversees all elements of its house management enterprise and sought a technology platform that would support optimize operations and streamline financial, accounting and administrative functions for management and employees.

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Right after an comprehensive overview of rental, multifamily and student housing software systems more than a number of years, Templeton chosen Netintegritys Info-Tracker to support centralize accounting and company information easily and properly. Right now, Templeton is making use of Information-Tracker to supply staff and management with mission-vital details to support automate repetitive manual processes and make genuine-time enterprise decisions to increase client service. Inside a handful of months of going reside, the firm is already reporting a higher capacity utilization now operating at 70% capacity in comparison to prior when levels stood at one hundred% and over.

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At Templeton, we cater to a particular sort of high-end renter demographic, which consists of undergrad and graduate students. As a result, we require to make certain that our front line staff can speedily access info and have tools that can help streamline tenant screening, and accounting to make sure an efficient and optimized rental approach. Soon after seeking at competing home management solutions on the market place, we determined that the Info-Tracker was head and shoulders above in terms of functionality and level of centralized automation, mentioned Joe Metlege, Vice-President, Templeton Properties Ltd. Utilizing Information-Tracker, processes that formerly took full time positions to total, are now becoming completed in a fraction of the time. Templetons vision and values rest on making certain our clients benefit from an optimal housing expertise, and we are using the Information-Tracker platform to streamline operations, decrease labor expenses and make more rapidly front line decisions.

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As a successful business, Templeton has almost doubled its growth within the previous five years and the ability to streamline its accounting and price manage processes will be essential for continued development. Moving forward, Templeton plans to leverage the Information-Tracker tenant management platform to comprehensively cover all aspects of the resident management approach seamlessly delivering strong real-time insights from initial screening, maintenance/repairs, and lease termination.

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Templeton Properties has a special and profitable organization model with distinct property management requirements. We are content that they had been in a position to determine our Information-Tracker platform as getting the greatest industry resolution accessible for its automation and integration needs, stated Steve Vinnitsky, President and CEO of Netintegrity Inc. Our market-leading house management solution aids firms such as Templeton much better centralize and optimize vital organization info, helping to manage future development as it looks to increase its portfolio size.

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About Templeton Properties Ltd. &#13

With more than 35 years of knowledge, Templeton Properties is a single of the most prestigious and biggest developers &amp residential house owners in Nova Scotia, which signifies we oversee each aspect of the development of our rental units in Halifax, with an professional eye, from building to maintenance.

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We not only handle the properties, we personal them, so you can trust us to always have the correct folks on hand and to maintain our rental buildings to the highest common. For more information, please speak to Joe Metlege, Vice-President, Templeton Properties Ltd or click here to go to Templetons site.

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About Netintegrity Inc.&#13

Netintegrity is a single of North Americas leading developers of integrated home and maintenance management application. Info-Tracker is the industrys remedy of selection based on automated functionality, cost, ease-of-use and flexibility. Netintegrity delivers superior implementation solutions, instruction, client assistance, and incorporates consumer feedback into research and improvement making certain its technology reflects the needs of todays home management businesses. For a lot more details, please click right here to pay a visit to Netintegrity internet site.

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Inland Empire Homeowners Resort to Foreclosure Litigation to Keep in Properties

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Riverside, CA (PRWEB) January 19, 2012

De Novo Law Firm, a leading bankruptcy and loan modification law firm primarily based in Riverside, California, nowadays announced an increase in the quantity of Inland Empire home owners employing foreclosure litigation as a signifies to stay in their homes and safeguard themselves against predatory lending practices. De Novo Law Firm has effectively represented clients in Riverside, Orange, and Los Angeles County in lawsuits against the biggest banks. These situations consist of lawsuits for lenders failure to comply with loan modification terms, unlawful foreclosure practices, and failure to comply with federal loan regulations.

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If you took out a loan in the last ten years, there is a great possibility that the loan terms could have been misleading or even fraudulent, mentioned Benjamin Yrungaray, Owner, De Novo Law Firm. Regardless of how hopeless the predicament could look, home owners have many alternatives which includes foreclosure litigation.

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Under the Truth in Lending Act (TILA), Actual Estate Loan Procedures Act (RESPA), and other state remedies, De Novo Law Firm may be able to assist homeowners have their loan modified or they might be entitled to monetary damages.

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De Novo Law firm has effectively represented clients against Bank of America, JP Morgan Chase Bank, Wells Fargo, IndyMac Bank, OneWest Bank, Greentree, Citi Home Mortgage, GMAC Mortgage, OCWEN, Countrywide House Loan, Washington Mutual, and many other banks and credit unions. De Novo Law Firm has successfully litigated circumstances stopping foreclosure, maintaining owners in their homes, and acquiring permanent resolution of their fraudulent loan.

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For a lot more data or to schedule a cost-free consultation with an lawyer, visit http://www.denovofirm.com.

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About De Novo Law Firm

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At De Novo Law Firm, bankruptcy, loan modification and litigation instances are handled by an experienced lawyer, not a secretary or paralegal. The firm is A-rated with the Greater Enterprise Bureau, provides a money-back guarantee for bankruptcy filings, and performs with clients to develop a payment plan that meets their needs. Lawyer Benjamin Yrungaray began De Novo Law Firm and serves clientele in the Inland Empire, Orange County and Los Angeles County. For a lot more data visit http://www.denovofirm.com.

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CNL Growth Properties Announces Adjournment of 2013 Annual Meeting of Stockholders to June 26

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Orlando, FL (PRWEB) June 11, 2013

At the 2013 Annual Meeting of Stockholders of CNL Development Properties, Inc. (the Business), held earlier right now, the Company temporarily adjourned the meeting to permit stockholders added time to vote. The meeting will reconvene at 9:00 a.m., Eastern Daylight Time, on Wednesday, June 26, 2013, at the Companys offices situated at CNL Center at City Commons, 450 South Orange Avenue, 12th Floor, Orlando, Florida 32801.

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The presence, in particular person or by proxy, of the holders of 50 % of the outstanding shares of typical stock entitled to vote at the 2013 Annual Meeting is required for a quorum and the passage of every proposal relating to the amendment and restatement of the Companys charter (the Charter) demands the affirmative vote of a majority of all of the Companys frequent stock outstanding shares entitled to vote at the 2013 Annual Meeting. As of nowadays, 47.44 percent of the Company’s outstanding shares of common stock have been voted.

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The Board of Directors (the Board) believes the proposed Charter amendments are essential to the Companys future and offer consistency with state law and other REITs. The proposals relating to the charter amendments consist of amendments to (i) conform the Charter to particular needs of the Statement of Policy With regards to True Estate Investment Trusts as revised and adopted by the membership of the North American Securities Administrators Association on May 7, 2007 (ii) give the Firm with a correct of 1st refusal to obtain shares from a tendering stockholder (as opposed to a appropriate to redeem shares acquired by an offeror) in a non-compliant tender offer (iii) revise the stockholder vote essential for the election of directors (iv) make particular adjustments relating to the Companys indemnification of its officers and members of its Board of Directors (v) make certain alterations to provisions relating to the amendment of the bylaws (vi) make certain modifications relating to extraordinary transactions and (vii) make particular ministerial modifications, all as a lot more completely described in the proxy statement.

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For the duration of the period of the adjournment, the Firm will continue to solicit proxies from its stockholders. Stockholders who have already voted need to have not take any action, though they could change their vote by executing a new proxy, revoking a previously offered proxy, or attending the 2013 Annual Meeting when it reconvenes on June 26, 2013 and voting in person. Stockholders who have not yet voted or want to alter their votes, may vote by phone or by way of the Internet utilizing the directions provided in their voting instruction kind or proxy card. Stockholders may possibly also get in touch with Broadridge Investor Communications Solutions, Inc., the Companys proxy solicitor (Broadridge), toll free at (877) 757-5404 if they need help with voting.

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The Company filed the proxy statement for its 2013 Annual Meeting with the Securities and Exchange Commission (the SEC) on April 29, 2013. Stockholders are urged to read the proxy statement and other relevant documents filed with the SEC.

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CNL Growth Properties is advised by CNL Global Development Advisors, LLC, which is an affiliate of the REITs sponsor, CNL Monetary Group.

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About CNL Development Properties, Inc.&#13

CNL Development Properties, Inc. is a non-traded true estate investment trust (REIT) strategically developed for development. The REIT seeks commercial real estate investment possibilities in growth-oriented markets with a concentrate on multifamily improvement. For more details, pay a visit to http://www.CNLGrowthProperties.com.

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About CNL Economic Group&#13

CNL Economic Group (CNL) is a leading private investment management firm delivering global real estate and alternative investments. Given that inception in 1973, CNL and/or its affiliates have formed or acquired firms with much more than $ 26 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit http://www.cnl.com.

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Caution Regarding Forward-Hunting Statements&#13

Particular data above might constitute forward-searching statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. The Company intends that such forward-searching statements be subject to the protected harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-seeking statements are statements that do not relate strictly to historical or present information, but reflect management’s existing understandings, intentions, beliefs, plans, expectations, assumptions and/or predictions concerning the future of the Company’s company and its efficiency, the economy, and other future conditions and forecasts of future events, and situations. The Companys forward-searching statements are not guarantees of future efficiency, and actual final results could differ materially from those set forth in the forward-hunting statements due to and a range of dangers, uncertainties and other elements, many of which are beyond the Companys potential to control or accurately predict. Offered these uncertainties, the Business cautions you not to spot undue reliance on such statements.

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For further data concerning risks and uncertainties linked with the Companys enterprise, and crucial elements that could lead to the Company’s actual final results to vary materially from those expressed or implied in its forward-searching statements, please refer to the elements listed and described below Managements Discussion and Analysis of Economic Condition and Outcomes of Operations and the Risk Elements sections of the Companys documents filed from time to time with the U.S. Securities and Exchange Commission, such as, but not limited to, the Companys quarterly reports on Kind ten-Q, the Companys annual report on Form ten-K, copies of which might be obtained from the Companys web site at http://www.cnlgrowthproperties.com. Forward-looking statements speak only as of the date on which they are made the Organization undertakes no obligation to, and expressly disclaims any obligation to, update or revise its forward-seeking statements to reflect new info, changed assumptions, the occurrence of subsequent events, or changes to future operating benefits more than time unless otherwise required by law.

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Stopping Foreclosure on Properties is Now Less difficult with Brief Sales, According to AvoidForeclosure.com

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Phoenix, Arizona (PRWEB) June 04, 2012

Stop foreclosure are two words that numerous home owners going by way of the foreclosure process by no means get the possibility to hear. Foreclosure figures in most states have now hit the highest numbers considering that the recession started in 2008. http://www.avoidforeclosure.com, the on-line foreclosure support center, has announced a short sale package that can assist a homeowner quit foreclosure much easier. This program is developed to aid home owners with underwater mortgages and those that have run out of options find desperately needed relief. There are couple of possibilities that a individual can discover after a certain time deadline has passed. A quick sale is a single strategy that has been established effective by some home owners that have battled against foreclosure and won.

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One topic that is hotly debated as a way out for property owners is the loan modification. This classic route entails a homeowner creating a hardship claim in writing to a bank, lender or economic institution that solutions or owns their mortgage. There is at present no published data available publicly that can show the approval rate of a loan modification. The approach of evaluation can take six months or a lot more to complete and some home owners may locate that a loan modification is not the way out that they thought. Some of our every day telephone calls deal with property owners that have been waiting months at a time for notification of a loan modification approval request, stated Sandy Michaels, Get in touch with Center Supervisor for AvoidForeclosure.com.