philadelphia distressed mortgage notes conventionfiles.meetup.com/883766/philadelphia distressed...

PHILADELPHIA DISTRESSED MORTGAGE

NOTES CONVENTION

July 26-27, 2014

Hilton Philadelphia Airport

Proudly Brought to You By:

NewYorkREIA.com | NewJerseyREIA.com | PhiladelphiaREIA.com

And Our Media Partners:

DigOnline.com, SJInvestors.com, W.H.I.P., Ultimate Networking

via DistressedMortgageExpo.com. Share pictures, videos, and insights using #DistressedMortgageExpo

Saturday, July 26th

Main Ballroom – Senior Mortgages

Time

Breakout Room

-- BREAKFAST / DOORS OPEN / REGISTRATION --

8:20 8:40

8:40 9:00

9:00 9:20

Opening Ceremony – Introduction to note investing, Tips on maximizing education and networking this weekend

9:20 9:40

9:40 10:00

Note Acquisitions & Due Diligence Co-Host: Chaz Guinn -- Scott Carson, Marc Gold, Ricky Brava

10:00 10:20 State of the Market -- Jack Krupey Gemini Capital

10:20 10:40

10:40 11:00 How to invest in Notes with your IRA -- Ryan Fischer Camaplan

Working Out Non-Performing Notes, Servicing & Collections Co-Host: Jack Krupey -- Stephen Hladik Esq., Saprina Allen, Joel Markovitz

11:00 11:20

11:20 11:40 Today’s Top Workout Strategies & Foreclosure Tips Victoria Varrasse Esq. 11:40 12:00

-- LUNCH BREAK --

12:00 12:20

-- LUNCH BREAK -- 12:20 12:40

12:40 1:00

1:00 1:20

Buying Non-Performing Notes -- Scott Carson with We Close Notes

1:20 1:40

2:00 2:20

2:20 2:40

2:40 3:00

Profitable Exits with Non-Performing & Re-Performing Notes Co-Host: Marc Gold -- Phillip Brown, Saprina Allen, Ricky Brava

3:00 3:20 How to Navigate through Bankruptcy- Kevin Cordell Madison Management

3:20 3:40

3:40 4:00 Reasonable Expectations & Timeline to Workout a note -- Joel Markovitz – Porthos Portfolio Trading Wrap on First Positions + Fund Structures + Joint Ventures

Co-Host: Ricky Brava -- Jack Krupey, Scott Carson, Jeff Merrick

4:00 4:20

4:20 4:40 How to Raise Money -- Paul Ullman – Asset Based Lending

4:40 5:00

<< NETWORKING EVENT >>

5:00 5:20

5:20 5:40

5:40 6:00


Sunday, April 27th

Main Ballroom – Junior Mortgages

Time

Breakout Room

-- BREAKFAST / DOORS OPEN / REGISTRATION --

8:20 8:40

8:40 9:00

9:00 9:20

Opening Ceremony – Introduction to investing in Junior Mortgages

9:20 9:40

9:40 10:00

Note Acquisitions & Due Diligence Co-Host: Dave Van Horn -- Tony Martinez, Mike Rusica, Robert Newcomer

10:00 10:20 5 things they don't tell you about investing in mortgages -- Sherman Arnowitz & Marc Brenner 10:20 10:40

10:40 11:00 How to get access to Shadow Inventory and REOS -- Marc Gold NoteWerx Working Out Non-Performing Notes, Servicing & Collections

Co-Host: Alberto Artasanchez -- Marc Brenner, Victoria Varrasse, Sherman Arnowitz

11:00 11:20

11:20 11:40 What is New with Granite Loan Solutions-- Jeff Merrick Granite Loan Solutions

11:40 12:00

-- LUNCH BREAK --

12:00 12:20

-- LUNCH BREAK -- 12:20 12:40

12:40 1:00

1:00 1:20

Investing in Privately Held Mortgages -- Donna Bauer

1:20 1:40

2:00 2:20

2:20 2:40

2:40 3:00

Profitable Exits with Non-Performing & Re-Performing Notes Co-Host: Mike Ruscica – Joe Downs, Alberto Artasanchez, Dave Van Horn

3:00 3:20 All about Private Placements- Jillian Sodoti Esq

3:20 3:40

3:40 4:00 Advance Due Diligence & Exits-- Ricky Brava Apollo Financial

Strategies for Raising Private Money Co-Host: Steve Lloyd -- Dave Van Horn, Carl Fischer, Craig Zappetti

4:00 4:20

4:20 4:40 How to Wholesale Notes -- Mike Ruscica Note Conference

4:40 5:00


Dear Convention Attendees, As a proud host of the 2014 Philadelphia Distressed Mortgage Notes Convention, my team and I are delighted to welcome all of you to this momentous event. We have invited some of the most successful and influential experts in the note industry to share their invaluable expertise with you this weekend. From former billion dollar hedge fund executives, to top SEC and foreclosure attorneys, to pioneers in the note investing world, the education and networking will be top notch. So why are we throwing these conferences?

1. Bringing Wall Street to Main Street For decades, the business mortgages notes investing has been one of the best kept secrets of Wall Street. Through education and networking, we aim to make this community the epicenter through which a constant flow of knowledge, connections and note transactions are shared. Whether you are looking to purchase/sell notes or to immerse yourself in world-class note education, you have certainly come to the right place.

2. Recruiting the All-Stars of the Business We firmly believe that the whole is greater than the sum of its parts, especially when it comes to building investment funds. An all-star fund consists of capital investors, fund managers, workout specialists, attorneys, and advisors. If you are an all-star in the aforementioned categories and would like to take your business to the next level with us, please reach out to us. Some of you will and have ventured into the note business solo, Rambo-style, and some of you will go off to construct your own teams. Regardless of which route you take, we wish you the utmost success.

Lastly, we would like to take a moment to thank all of our speakers, sponsors, colleagues, volunteers and guests. Without you, this convention would not have been made possible. Thank you! Sincerely, Your host Nick Tang

Nick Tang Nick is an investor and marketing and networking extraordinaire. His investment expertise includes residential single and multifamily properties and short sales. His responsibility and focus is in raising capital. He is also the founder/co-founder/fear-less leader of several of the largest networking events in the tri-state area including New York REIA, New Jersey REIA, Philadelphia REIA, and New York Entrepreneurs & Startup Network (NYESN).


Featured Speakers and Panelists

Anthony Martinez Asset Ventures, LLC CEO AssetVenturesLLC.com

Tony Martinez has over 38 years of knowledge and experience with real estate and real estate related fields. At the age of 13, he built his first home and at 17 years of age, bought his first house. He has acquired over $40 million in real estate under his own portfolio. He has worked as a general contractor, rehabilitating over 50 properties. He has now become an industry expert in notes. He is president of Asset Ventures, LLC which is a note dealer and servicing company. His extensive background gives him a unique perspective and insight to his company, future growth, and success for his clients and investors. Tony is author of “The Note Factor: The Good, the Bad, and the Ugly”. He works alongside and is highly respected by industry experts. Tony speaks, trains and coaches nationally.

Craig Zappetti Saul Ewing LLP Partner Saul.com

Craig Zappetti is a Partner of Saul Ewing. He assists entrepreneurs in small to mid-sized companies in completing transactions and satisfying regulatory requirements. Craig has counseled clients regarding compliance with various aspects of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Sarbanes-Oxley Act of 2002 and related regulations. He has extensive experience in counseling public companies on maintaining compliance with Nasdaq, New York Stock Exchange and American Stock Exchange rules and Nasdaq Over-the-Counter Bulletin Board eligibility requirements. He has counseled audit committees and boards of directors on the design, implementation and administration of corporate governance and compliance programs. Prior to attending law school, Craig was a certified public accountant for KPMG, LLP in Philadelphia for four years.


Chaz Guinn Executive Director of Trading GraniteLS.com

Mr. Guinn is the Executive Director of Trading at Granite Loan Solutions and has been instrumental in the architecture of the trading platform at Granite. Chaz specializes in distressed whole loan trading and has built his reputation on an impeccable track record of structuring, negotiating and executing some of the hardest trades possible in the low-value distressed market segment. Over the past decade, Chaz has been instrumental in training, accumulating and activating a vast array of note investors and is fiercely dedicated to infusing liquidity to this market segment that has been traditionally deprived of it.

Dave Van Horn PPR Note Company President PPRNoteco.com

Dave Van Horn currently serves as President and Manager of PPR, a hedge fund that buys and manages distressed mortgages. His primary responsibility at PPR is raising capital. He also manages and facilitates the PPR Note Academy; which provides mentoring and note investment training to investors of all levels. Dave is also a highly sought after speaker and active investor in real estate and mortgage notes. His expertise is derived from over 25 years of residential and commercial real estate experience as a licensed PA Realtor and insurance agent.

Don Madden Coast Capital Investment Advisers, Coastcapinc.com

Don Madden is CEO of Coast Capital Investment Advisers, based in Newport Beach, California. Coast Capital is a real estate investment firm that specializes in the acquisition, property management, investment and sale of distressed properties and mortgage instruments associated with those properties. His primary activity is the acquisition and sale of real estate based assets, principally, non-performing second trust deeds/mortgages, at highly discounted values. Don Madden graduated from Florida State University.


Donna Bauer The Note Buyer, Inc. Owner TheNoteBuyer.com

Donna Bauer is the owner of one of the most successful private note investment businesses. She single handedly grew her company, The Note Buyer, Inc, from her kitchen table into a multi-million dollar firm. Donna has been a guest speaker at many seminars and has received highly complementary feedback. Her students appreciate her straightforward and step-by-step approach to real estate training. Throughout her 25 years in real estate, Donna Bauer has worked as a residential and commercial property manager handling, multi-unit apartment buildings, high rises, and an office park. Overall her courses show people how to profit from delinquent mortgages and, her specialty, how to buy real estate notes at substantially discounted rates. Donna Bauer's experience in the real estate industry is reflected in her products and live training.

Jack Krupey Managing Director of Gemini Capital GeminiCapitalManagers.com

Jack Krupey has worked as both a commercial real estate broker and as a Whole Loan Trader and Asset Manager for a Wall Street Fund over his ten year career. He is a partner and portfolio manager for Gemini Capital Managers LLC, a multi-million dollar fund focused on buying non-performing and re-performing residential mortgages. Previously Jack worked as an asset manager and trader for a Wall Street fund buying large portfolios of distressed debt. Jack's combination of traditional real estate investment sales and his Wall Street connections have allowed him to source numerous deals for clients.

Kevin Cordell Madison Management Services, LLC Founder and CEO MadisonManagement.net

Kevin Cordell is the Founder and CEO of Madison Management Services, LLC a specialty servicer based in Kenvil, New Jersey. Kevin is an experienced note investor and servicer focusing on non-performing mortgages and turning them into re-performing loans. Kevin has gained specialized knowledge in working with junior liens, seriously defaulted and delinquent loans. Kevin owns and manages several note investment funds focusing on residential real estate. Kevin has been a frequent speaker at investor events on the topics of bankruptcy, loan servicing and loss mitigation strategies for investors. Kevin earned his Bachelor of Science in Information Systems from the University of Cincinnati and a Master in Business Administration from the Redlands University.


Jeff Merrick Managing Director of Granite Loan Solutions GraniteLS.com

Mr. Merrick is the Chief Executive Officer of Granite Loan Solutions (Granite). His current role entails strategic vision and business development of this entity that has so far managed over $400 million in distressed assets. Jeff is spearheading the company into its next logical phase of growth and expansion that will build on the existing objectives of helping homeowners, financial institutions and all related stakeholders that have been affected by the recent economic crisis. Jeff’s career has spanned over three decades of entrepreneurial ventures and business ownerships across multiple industries with majority of his efforts and expertise surrounding mortgage banking and distressed asset management arenas.

Jillian Sidoti Throwbridge, Taylor & Sidoti, LLP, Partner SyndicationLawyers.com

Jillian Sidoti specializes in transactional legal matters such as private placement memorandums, Form 10′s, S-1′s, Regulation D filings, trademarks, copyrights, NDA’s, and contractual matters. Jillian also spends her time speaking at seminars educating real estate investors on how to legally raise capital for their real estate investment projects. Currently, Jillian teaches Finance and Accounting for the BS and MBA programs at the University of Redlands, drawing on her experience as Financial Analyst, Controller, and CFO for many companies from manufacturing to real estate development. Jillian also teaches a Small Business Management class where students are taught the anatomy of a business plan.

Joe Downs Managing member Usmresolution.com

Joe has advised investor clients in various ways since 1998 as a Series 7 & 63 licensed Financial Advisor with American Express Financial Advisors, Prudential Securities, and CapWest Securities. Prior to co-founding US Mortgage Resolution, Joe held the position of National Sales Director with DeSanto Realty Group in Radnor, PA where he raised over $90 million of equity for various 1031 exchange TIC commercial real estate syndications. Joe is a licensed mortgage banker and broker in Pennsylvania. Joe attended Villanova University majoring in Finance, is married with three children and resides in Ardmore, PA. Currently Joe teaches a class at the CAMA Academy about investing in performing notes, as well as co-hosts a monthly meet up group about the business of investing in real estate notes.


Marc Gold NoteWerx American Home Recovery Fund, Managing Director NoteWerx.com

Marc Gold is the Managing Director of the American Home Recovery Fund and also President of NoteWerx, a cloud portfolio management platform specifically developed for the non-performing loan industry. Marc brings over 20 years and several billion dollars of transactional experience in the paper business of mortgage banking and real estate. Marc also serves as President of American Home Veterans, a non-profit organization formed to convert distressed housing assets into donation homes and provide sustainable housing for our nation’s disabled veterans. He is a proud veteran of Americas Navy, an officer in the Veterans of Foreign Wars Post 7142, and goes out of his way to talk about all things military and help support veterans organizations whenever he can.

Michael Ruscica NoteConference Founder NoteConference.com

Mike Ruscica is the founder of NoteConference and constantly involved in researching different types of investments. Most of his interests revolve around one form of real estate or another. He is currently in the defaulted mortgage space, which he believes is the place to be right now given the current climate. He has also been involved with selecting and purchasing RE, rental management, selling RE, all aspects of rehabbing property. He looks forward to learning much more about the process of asset management in working with our servicers that are dealing with his assets. He enjoys following through on a deal where it appeared a no win situation was eminent, but a conclusion was constructed and all parties benefited.

Paul Ullman Asset Based Lending, LLC Managing Partner ABL1.net

Paul Ullman currently serves as Managing Partner of Asset Based Lending (ABL), a Hoboken-based private lending company specialized in hard money loans or rehab loans for single and/or multi-family residences. ABL is active lending in the New York/New Jersey metro area, Westchester, Nassau and Suffolk Counties in NY, Fairfield County in CT, Central New Jersey, Philadelphia, Baltimore and Washington DC. In 1992, Paul co-founded the asset-backed security specialty investment management group at Alliance Capital Management and, over the next five years, steered its growth to over $5 billion in assets under management. Paul began his career in the mortgage-backed security group at Salomon Brothers in 1982. Paul holds a Bachelor of Science in Finance from Washington University in St. Louis.


Philip J Brown Chief Investment Officer Fortitude Investments LLC

Philip J. Brown has been a full-time active investor in 1st lien distressed mortgages & distressed real estate since 2011, managing his personal & family portfolio to an annualized yield of approximately 46.9% per year. He joined Fortitude Investments in 2014 as their Chief Investment Officer and Portfolio Manager of the Crystal City Premium Fund. In his capacity as Chief Investment Officer of Fortitude, he oversees and manages a multimillion-dollar portfolio of 1st and 2nd lien nonperforming, re-performing, and performing notes. Prior to his full-time investing, Mr. Brown spent 20 years in Information Technology where he held various programmer, management, consulting and executive positions. His career experience includes working on financial, trading and accounting systems at companies that include Fannie Mae, The Mobil Oil Company, Freddie Mac, Booz • Allen & Hamilton, & Salomon Brothers. Mr. Brown graduated from the MIT Sloan School of Management in 1991 with a degree of Bachelor of Science in Management Science with concentrations in Information Technology & Psychology.

Ricky Brava Apollo Financial Group LLC Senior Partner ApolloFinancialGRP.com

Ricky Brava has worked for Apollo Financial Group LLC from the early of 2009 to the present. As the Senior Partner of Apollo Financial Group, Ricky Brava is responsible for directing sales and the investment education facets of the firm including valuation, due diligence, deal parameters, and negotiation processes. He is an expert in the distressed debt mortgage market. He currently appears at speaking engagements nationwide. He is fluent in English and Spanish and is an active member of Toastmasters International. He received a “Citation of Honor” from the City of New York for his contributions to the community and recognition as a rising entrepreneur and was voted onto the Long Island City YMCA Board of Managers as of May 24th, 2013.


Robert Newcomer Portfolio Manager theLemoinegGroup.com

Robert Newcomer is the Portfolio Manager for The Lemoine Group, Inc. He specializes in Distressed Asset Management and Loss Mitigation of Residential Mortgages. His role includes acquisitions and business development. For over 2 decades, he has successfully held a variety of professional leadership roles across multiple industries including Financial Services, Real Estate, Marketing, advertising and promotions.

Saprina Allen NHS of Staten Island Foreclosure Prevention Department

Saprina Allen currently serves as an advisor to several note buyers and investors. She is an industry expert with 20 years of credit, collections and mortgage experience. She has vast amount of debt-based asset management experience spanning foreclosure, mortgage deficiency, auto deficiency, SBA loans, and medical collections. Saprina has developed top notch negotiation skills and has the ability to think rationally and logically which follow through with precise decisions rather quickly. She worked for National City Bank in foreclosures, legal administration, and commercial collections, sold notes to investors, worked with MAP attorneys, managed REO properties for her division, short sales, and deeds in lieu of foreclosure. From 2010 to 2013, Saprina served as the Director of Asset Management at Park Tree Investments. Prior to that, she worked for Nova Star Mortgage on the origination side as a manager in the quality control department.

Scott Carson Inverse Investments LLC Partner WeCloseNotes.com

Scott Carson is the Owner and Managing Member of Inverse Investments, LLC, an Austin-based defaulted note buying company. Inverse Investments buys, sells and trades bank paper, notes, bank tapes and mortgages for their own portfolio on residential and commercial properties all across the United States. Scott currently teaches Note Buying For Dummies, a 3 day workshop for investors on buying defaulted notes. Scott was a senior real estate coach for RealEstateProfitCoach.com and a mortgage banker and Vice President at JPMorgan Chase. His specialties include non-performing notes, raising private money, short sales, defaulted paper, residential and commercial investing.


Sherman Arnowitz & Marc Brenner (left to right) Managing Partners Keyhole Financial Services KeyholeFinancial.com

Sherman Arnowitz and Marc Brenner have been partners at Keyhole Financial Services for over 15 years. Both Sherman and Marc are considered leaders in the second mortgage market; buying, servicing and selling loans. Noticing a strong demand for a comprehensive, on-line education program, Sherman and Marc recently created, Keyhole Academy (www.keyholeacademy), teaching students in how to invest in mortgages. “One of the major distinctions with our education program is we assign homework and give tests to our students. We take educating our students seriously and want to make sure they’re properly prepared to become successful when investing in mortgages.”

Steve Lloyd Stone Bay Holdings LLC Real Estate Developer StevenKLloyd.com

Steve Lloyd is well-known for his abilities to identify real estate market opportunities and he is recognized as an expert in raising and investing private capital for his own company’s use. Steve knows the value of using leverage and creating passive residual income, which he builds primarily through purchasing distressed real estate funded through private capital. Through Stone Bay Holdings LLC, Steve purchases residential second mortgages/deeds of trusts. He purchases nationally on industry recognized trade platforms and directly within the banking community. He acquires second lien residential mortgage notes at a discount, shares the discount with the borrower and creates unique workout plans with clear exit strategies. Steve is a founder and managing partner of several real estate development companies. He is responsible for investor relations, specifically securing capital from private sources for placement into acquisition, rehab, and development activities.

Stephen M. Hladik Partner Hladik, Onorato & Pealstine

Stephen M. Hladik formerly the youngest deputy attorney general in charge of the Harrisburg office off the Pennsylvania bureau of consumer protection, Steve Hladik brings a broad range of experience to his mortgage, foreclosure and bankruptcy legal practice. A graduate of Penn State University, Steve’s interest in history and politics grew into a desire to study law while taking a constitutional law class, among others, as an undergraduate. Steve pursued and obtained his law degree from Widener University, with honors, where he served as Internal Managing Editor of the Laws Review. A partner at Hladik, Onorato & Pearlstine, and a former Eagle Scout and New Jersey Native, Steve gained expertise in lending law enforcement while serving in the Pennsylvania Attorney General’s Bureau of Consumer Protection.


Victoria Varrasse President StreamlineMortgage Resolutions.com

Victoria Varrasse, Esq. currently serves as President and General Counsel of SMR, a private mortgage investment company that purchases, manages & liquidates distressed mortgage notes. Victoria has over 15 years experience in the real estate and distressed debt fields. Victoria began her career clerking for the Honorable Gloria M. Burns, Chief Bankruptcy Judge for the District of New Jersey, and then went on to practice law in the private sector with a concentration in financial reorganization, distressed debt and litigation in some of the top ranked law firms including Duane Morris, Wolf Block & Flaster Greeneberg. Victoria is an active real estate investor, investing in residential and commercial properties, mortgage notes, tax liens, tax sales, and related assets. Victoria attended Penn State University for her undergraduate degree, followed by Rutgers University Law School & Graduate Business School where she obtained her JD/MBA. In addition to being a member of the PA, NJ & DE bars, Victoria is also a licensed mortgage loan originator and serves on many boards including the YMCA Eastern Delaware County Board of Directors and We Save Houses, LLC.

Featured Sponsors and Vendors

CamaPlan Self-Directed IRA Learn how to pay for loved ones’ educational expenses, health insurance, co-pays, deductibles, glasses, contacts, braces, etc. using Tax-Free notes. Don’t miss this session - this will be one of the best deals ever guaranteed!!! A CamaPlan self-directed IRA account is the faster, safer way to true financial freedom. Grow your wealth and secure your future by deciding what types of investments you want to hold in your retirement account. 512 E Township Line Rd Blue Bell, PA 19422 Toll Free: (866) 559-4430 [email protected] PORTHOS Portfolio Trading, together with its affiliated companies, offers a comprehensive range of services and solutions for persons involved in the distressed or underperforming residential real estate and mortgage markets. Among our clients are private sector businesses, including private investment funds, individual investors, mortgage servicers and insurers, and major financial institutions. Porthos Portfolio Trading is ideally positioned for this market and these times. For more than two decades, the principals of PORTHOS have been engaged in the business of managing distressed residential real estate assets. Over this period, we have been a leader in providing customizable solutions for our clients and in developing the infrastructure and coordination needed to efficiently implement these solutions. We have a proven record of performance for being able to deliver short and/or long-term benefits to our clients. 2400 Katella, Suite 817 Anaheim, CA 92806 Email: [email protected]


ProTitleUSA.com has over 12 years in abstracting and real estate property title search experience. We have a strong nationwide network of full time employees as well as licensed and insured professional abstractors that will make sure the document retrieval is performed correctly. Your security and confidentiality is our main concern. We use encrypted transactions with a reliable and well known source for credit card processing. See ProTitleUSA Merchant verification below: Authorize.net. Let us show you why so many customers are truly satisfied with our customer service and quality of work. We are looking forward to serving you to the best of our abilities and expect you to become a returning customer. Philadelphia, PA Phone:(888) 878-8081 Fax: (888) 524-5996 E-mail:[email protected]

Richmond Monroe Group began delivering nationwide document retrieval, lien release and assignment preparation services to the mortgage industry in 1994. Due to industry needs, and requests from existing Clients, we have since expanded our services to include those listed in our directory of services. Our management and staff insist upon flawless delivery of every service:

- All documents are quality reviewed before they are forwarded to the recording jurisdiction or Client. Our Client service staff are knowledgeable and competent:

- All Clients are given a designated Client services representative, who will personally oversee their orders, run daily reports ensuring that no "ball" is dropped and all orders are completed in a timely manner

- We can create and provide any reports anytime - They will answer their phone and/or return a call or respond to an e-mail immediately during normal business

hours.

We provide the same level of service to all Clients – no matter their size or volume. 82 Jim Linegar Lane Branson West, Missouri 65737 Toll Free: 800 999 6120 Toll Free Fax: 888 368-6954 [email protected]

Our Next Distressed Mortgage Expo

will be in Boston, MA SPEAKERS & VENDORS: If you are interested in being a speaker or vendor at our next note convention in Philadelphia please reach out to [email protected] as soon as possible. Slots will fill up quickly. MEDIA PARTNERS: If you feel you can help us promote our next event please reach out to [email protected] to learn all about the benefits of becoming a media partner!

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