Issue link: http://dsnews.uberflip.com/i/1056251
» VISIT US ONLINE @ DSNEWS.COM 81 "Our new mortgage product is the most important financial innovation since securiti- zation," said Marc Biron, Founder and CEO, RRMC. "If available at the time, there is strong evidence they would have helped avert the 2008 meltdown." Risk Reduction Mortgage—termed "the only free lunch in Economics," a product that addresses the all-important issues of afford- ability, diversification, and risks for residential real estate stakeholders. "Our mission is to help millions of home- owners by diversifying their most concentrated investment–their homes. We will remain relentlessly laser-focused on the homeowner," said John N. Osland, Senior Advisor at RRMC. NEW JERSEY Transforming Toxic Properties into Affordable Housing Distressed properties in New Jersey could be repurposed as residences to satisfy a demand for entry-level homes. ese strategies will be officially delivered in a report entitled "An Investigation of the Foreclosure Problem in South Jersey and Proposed Strategies for Turning Toxic Liabilities into Community Assets." e report was delivered during a panel discussion on this topic on October 22 in Deptford Township. e report describes the housing prob- lem found specifically in South Jersey. ese problems stem from abandoned and foreclosed properties that have remained empty for years at the same time an acute lack of entry-level housing has been felt. Part of the problem is that construction of homes—which previously was a real source of economic activity in South Jersey—has yet to recover from the collapse of the real estate market 10 years ago. Seventy- eight percent of the homes examined in the re- port lost on average nearly half, or 49 percent, of their market value. e homes analyzed in the report had a median value of $83,439. e report proposes solutions that could take these abandoned and foreclosed proper- ties and return them to the market. e strate- gies outlined in the report will include: » Convening a group of stakeholders made up of elected officials and representatives from financial institutions who can discuss the cumbersome local foreclosure process and its effect on the housing market. » Partnering with tax-lien holders and municipalities to acquire and rehabilitate Navigating the dynamic terrain of the single-family rental marketplace requires careful planning and strategic partnerships. Get equipped to craft an effective SFR investment plan at the 2019 Single-Family Rental Summit, where subject- matter experts and skilled practitioners will come together to offer viable solutions related to property management, acquisition, disposition, and financing. STAR SPONSOR: Auction.com CORPORATE SPONSORS: Safeguard Properties, Sunset Equity MARCH 13–14, 2019 THE GUEST HOUSE AT GRACELAND MEMPHIS, TENNESSEE SingleFamilyRentalSummit.com New York STRENGTH THROUGH LEADERSHIP WISDOM THROUGH EXPERIENCE Mitigating Your Risks and Maximizing Your Returns NEW YORK'S FINEST PROVIDER OF DEFAULT REAL ESTATE SOLUTIONS SINCE 1988 Todd Yovino Broker/Owner Island Advantage Realty, LLC Serving Metro New York & Long Island Todd@iarny.com | 631-820-3400 www.islandadvantage.com