Edward Azar
Farmington Hills, MI (USA)
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Detroit Progress LLC
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Startup
Location:
Farmington Hills
Industry:
Real Estate
Year Founded:
2008
Number Employees:
1-10 people
Description:
(URL removed) is in the business of Real Estate Investing in low to middle income housing. The recent surge in foreclosure rates has provided an opportunity to purchase large amounts of housing units at substantially below market values. The city of Detroit in particular, has seen its foreclosure rates increase at record levels. As a result of the rising foreclosure rates, the banks which are servicing the Detroit area have seen a dramatic increase in their inventory of houses. Due to the surplus of housing, banks have been forced to sell properties in large quantities. (URL removed) is forming to aggressively take advantage of the current opportunity by buying large amounts of property in the Detroit area.