james adams-johnson
Egg Harbor Township, NJ (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
ADAMSJOHNSON, LLC
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Startup
Location:
Galloway
Industry:
Real Estate
Year Founded:
2007
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
UNDERWATER/NO EQUITY HOME BUYING SPECIALISTS
AdamsJohnson, LLC buys houses and takes over the mortgage debt
from homeowners who have little to no home equity and who absolutely are
looking for a fast way out of being exposed to collection hassles, worry, or
the real danger of being sued after a short-sale. If the company (or it’s growing
investor network) feel the house value will increase in the next 3-5 years, a
proprietary method called strategic reassignment is used to take over the house,
debt, and payments, usually within 14-30 days. Financial outlay to the investor
is minimal ($3,000 or much less).
The company then uses its industry contacts and knowledge to skillfully
negotiate better financing terms with the lien holder(s) to help them avoid
losses due to delinquency/foreclosure/short sale and in which benefits
the company with a stronger equity position in the properties. In some
cases, mortgage liens have been eliminated completely, leaving the
properties "free and clear" to sell for substantial gain.
Lease-purchase or liquidation follows, depending on the property, on
a case by case basis.