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Real Estate Strategies, LLC, Focused on Solutions to Address Lower Balance Mortgages Lost in the Shuffle, Sells $60mm+ of Mortgage Notes

Denver, CO, July 23, 2014 --( Real Estate Strategies, LLC, a loan brokerage firm in Denver CO closed a sale of 1300+ mortgage notes with an average Un-Paid balance of $75,000.

When asked about the sale, Managing Member of Real Estate Strategies LLC, David Morgenstern said “this classification of notes, ‘Low-Balance’ has largely gone underserved throughout the housing crisis of the past 5+ years. Banks and hedge funds really focused heavily on distribution and disposition of higher balanced assets either through Loan Modification, Short Sale or Foreclosure to REO.”

Today, as regulatory oversite continues to constrict the execution and management of the Real Estate Industry, large institutions and hedge funds are interested in divesting themselves of this “low-balance” product. The cost to complete the work properly and provide the homeowner the highest benefit possible is too high for the banks. Kirk Jaffe, President of KJE, Inc. said “I am pleased to align with Real Estate Strategies to bring vendors to the table who understand how to treat this product. These loans need special attention and time allocated to them.”

Real Estate Strategies, LLC and KJE, Inc. have worked together to develop a platform solution aimed at servicing Low Balance assets. Says Morgenstern, “we see today that the best investor for this low balance product is a local investor. Someone who really understands the people, property and needs of the community. However, up to now, this investor has been locked out of the market without access mostly because these packages generally trade in larger dollar amounts than a small local investor can afford. Our goal is the change that model.”

Today, local investors can access low balance mortgage loans as an investment product. The goal is to enable the investor to take on the heavy lifting and cost needed to cure the issues in the loan file while offering, where available, the homeowner a graceful exit from a bad situation. Jaffe says “in many cases, these loan files have been severely neglected. By engaging with boutique vendors to closely monitor the treatment of these assets, we are able to cure chain of title and other issues that are common. In addition, we are able to approach the homeowner in a compliant manner to assess what options are available to get to a resolution that works for all parties.” The result is the clean up of a largely underserved but significant section of the real estate industry.

About Real Estate Strategies, LLC David Morgenstern has spent over 30 years in the mortgage industry. With expertise in loan origination, loan operations and production, note acquisition and note trades, Morgenstern is a leader in the industry. His vast professional network enables him to stay atune to the most up to date industry specific trends. Real Estate Strategies, LLC specialized in the dispostiion of low balance assets throughout the United States and serves banks and hedge funds directly in its work. You can contact David at 303.955.8096 or

About the KJE, Inc. As a leading authority in the real estate industry, KJE, Inc. maintains a platform of vendors who can provide a full array of comprehensive real estate services nationwide, including brokerage services, mortgage financing, loan servicing, escrow services, short sales, foreclosure processing and 1031 exchange. Come speak with Kirk directly at the CMBA Western States Loan Servicing Conference in Las Vegas, NV August 3-5. You can contact Kirk Jaffe at 818-206-7393 or
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Kirk Jaffe

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