Vasrue Capital Investments launched its asset management program that allows the company to acquire and revitalize troubled assets. Vasrue is now fully funded to invest in asset pools valued up to $50m of the Unpaid Principal Balance (UPB) and relieve burdened banks, residential home sellers and hard money lenders. The company bypasses brokers and cuts right to the mortgage sellers to identify, research, appraise and purchase select performing and nonperforming loans, according to a release. The investors find commercial and single-family residential REO assets in Chicago, Indiana, Pennsylvania, Tennessee, Kentucky, Georgia, Arizona, Texas, Nevada and California. “In purchasing and rehabilitating troubled assets, we’re pleased to play a key role in revitalizing communities across the nation that have been negatively impacted by the current global economic crisis,” explains Clinton Douglas, asset manager of Vasrue Capital Investments. Vasrue’s senior underwriters begin with a preliminary review of the property. If interested, the seller receives a notice and three business days to complete all the necessary loan paperwork. During that time, Vasrue works with the seller to find an agreeable price, and the company guides the seller through pre-closing, closing and post-close activities. The process usually takes less than 20 days to complete. Write to Jon Prior.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please