Jim Stepanian and Summerlin Asset Management Record a 52% Revenue Increase from Public Demand for First Trust Deed Investments

Irvine, CA (PRWEB) November 15, 2011

The Los Angeles Business Journal recently interviewed Irvine, CA based, Summerlin Asset Management owners, Jim Stepanian and Adam Pakes, regarding the 52% revenue increase from investors seeking to buy First Trust Deeds. Summerlin Asset Management Founder and CEO, Jim Stepanian stated “When real estate prices go down, demand from investors seeking discounted first trust deeds goes up”.

First trust deed investments can offer high returns with low risk. Real estate notes, also known as first trust deeds, are similar in function to traditional mortgages. The primary difference is that while mortgages involve only two parties, a borrower and a lender, trust deeds involve three: a borrower, a lender, and a trustee. The trustee is a third party who holds legal title to the property in question on behalf of the lender until the loan is paid in full. In the event of default, the lender can take possession of the property. Investors can invest in trust deeds either by directly making a loan or by purchasing an existing promissory note.

Commenting on the recent decline in home prices, Adam Pakes stated, “The company is seeing lower supply statistics in several cities, with home prices selling at or below construction cost. Summerlin’s team went on to say that while the low end of real estate will be the first to recover, people should expect price stabilization in the mid market as well, in 2012. Travis Chatwin stated, The housing market will probably see flat prices for the next two to three years as the final wave of foreclosure supply surfaces. For each distressed sale, there are three to four hungry buyers waiting to purchase these homes, priced below $ 500,000, according to Chatwin. Travis joined Summerlin Asset Management in June 2011, and is currently a Senior Investment Analyst serving SAM investors.

Trust Deed Investing is a proven investment

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