Wednesday, August 31, 2011

Peak Corporate Network Entities to Host Free Seminar on the Implications of California SB 458 and NMLS SAFE Act for Real Estate Professionals

Woodland Hills, CA (PRWEB) August 31, 2011

The Peak Corporate Network lends its expertise to Southern California real estate agents and brokers to de-mystify recent regulations that impact their businesses in today's tough market.

The Peak Corporate Network entities will present "How To Navigate The Changing Regulatory Environment," a free seminar for real estate agents and brokers on Wednesday, September 14 at Peak's corporate headquarters in Woodland Hills, California. The session will explore recent California legislation governing the handling of junior lien short sale deficiencies (California SB 458) as well as SAFE Act licensing requirements from the standpoint of the real estate agent.

"Understanding how SB 458 changes the short sale game is critical for real estate professionals if they are to survive and thrive in this current cycle dominated by distressed properties," states Raffi Tal, EVP, I Short Sale, Inc., and one of the keynote speakers for this event. I Short Sale, Inc., led by Tal, has been negotiating short sales with borrowers, lenders and on behalf of realtors for over 20 years. Tal continued, "The recent legislation intended to benefit short sale sellers could prove to complicate the transaction and leave real estate agents in the lurch if they aren't prepared."

Keynote speaker on the SAFE Act is Kirk Jaffe, COO for the Peak entities. "There's a lot of confusion out there on how MLO license requirements impact the mortgage business and specifically, the impact on real estate agents," states Jaffe. "This program will help alleviate the confusion and will walk attendees through the steps they need to know."

Date: Wednesday, September 14, 2011
Time: 9:00 am - 10:30 am
Location: Peak Professional Plaza
5900 Canoga Avenue, Suite 110
Woodland Hills, CA 91367

Seating is limited.

To RSVP or for more information, contact: Eric Corbid, 818-836-6672, ericc@peakcorp.com.

The Peak Corporate Network, headquartered in Woodland Hills, California is a leading authority in the real estate industry and provides a full array of comprehensive real estate services nationwide including mortgage lending, loan servicing, short sale services, 1031 exchange, trustee work, foreclosure services, and residential and commercial real estate brokerage services. For more information, visit http://www.peakcorp.com/.

The Peak Corporate Network is not a business entity; the brand represents a group of related separate legal entities, each providing its unique set of real estate services.

Monday, August 15, 2011

Practice What You Preach

The Peak Corporate Network entities’ expertise is in both distressed and fully-valued residential and commercial real estate. With a list of specialized services under one roof that includes distressed note acquisitions and joint venture opportunities, loan servicing, financing solutions, commercial and residential mortgage services, foreclosure services as well as 1031 exchange services, to name a few, the Peak Corporate Network truly has no peers. The question becomes, can it in fact, deliver on its promise to be a one-stop resource for ‘Everything Real Estate?’ When we look at how the Peak Corporate Network relocated to its new headquarters earlier this year as an example, the answer is a resounding “yes.”

In January, 2011, the Peak entities relocated to the prestigious Warner Center in Woodland Hills, California. This relocation leveraged virtually every service in its platform of services. Here’s how:

One of Peak’s core strengths is the ability to identify distressed investment opportunities with growth potential. The mortgage on Peak’s soon-to-be-new headquarters was in default and Peak successfully acquired the note from the lender at a 50% discount. Utilizing its default servicing and foreclosure units, a foreclosure solution acceptable to both Peak management and the delinquent borrower was developed. Purchase financing was secured through Peak’s commercial financing unit, and escrow services were facilitated through the Peak affiliate.

Recognizing the property’s potential as both a corporate headquarters and for its ability to generate a strong ROI through rental income, Peak management rehabbed the entire 47,000 square foot structure utilizing internal contracting resources. Once completed, Peak took half of the building for its corporate offices and leased most of the remaining space. Peak is now, in addition to being an owner-resident, an owner-landlord managing the asset.

Next in the process was disposing of Peak’s original headquarters building. Peak’s commercial real estate brokerage specialists acted as listing agent and the property was sold within six months of the move. Employing the same value-added strategies as it does for its clients, Peak negotiated the sale of the property under the IRS’s 1031 Reverse Exchange provisions allowing for a “like-kind” exchange.

The Peak Corporate Network entities not only effect creative and flexible ideas and solutions through the pooling of resources and the array of services provided, in this scenario, Peak clearly demonstrates an affinity with its client base to experience the range and depth of ‘Everything Real Estate.’