ORANGE, Calif., July 1, 2008 (PRIME NEWSWIRE) -- Fasthold Capital, a leading specialist in structuring the sale of residential, commercial and consumer loan portfolios, today announced the launch of its loan advisory service Settlement Optimization Process (SOP(sm)) that offers a seamless and transparent method for the liquidation of distressed assets. Fasthold designed its SOP in an effort to eliminate common concerns associated with marketing and liquidating distressed assets as it creates more visibility for the seller in the pricing of the assets and eradicates any fade in price that might occur from the time the indicative bid is made to the final settlement.
"With the state of the market today, it is important to offer our customers the most effective and efficient means of liquidating their assets," said Michael Castanon, managing partner at Fasthold Capital. "One of the biggest concerns our customers face is not having accurate information or experiencing a reduction in price from bid to settlement. Our proven SOP method completely erases those concerns by offering comprehensive market analysis, extensive due diligence and a fail-safe bidding process. There's truly nothing like it being offered in the market today."
Fasthold's SOP removes the complexities, ambiguities and inefficiencies commonly associated with collateral valuation while maximizing the value and minimizing risk. The company implements a comprehensive, yet streamlined, process to ensure assets are sold quickly at an optimal price. Fasthold's SOP:
* Qualifies principal buyers to ensure only the best and most reputable buyers are bidding on the assets * Gathers all the property value reports, credit reports and compliance information and provides this information to all the buyers and the sellers so everyone in the process will have the same data to value the loans. * Prepares detailed analysis of the sale pool based on the diligence data and provides the seller with an expected settlement range to help the seller make the best decision on who to sell to and what assets to sell. * Provides a loan level price for each asset. Fasthold will commit to purchase any or all assets at the stated price to assure a seller that they can trade all assets if needed. * Manages the settlement process including the clearing of all settlement stipulations, analysis of final settlement calculation, coordination of the execution of legal documents and collateral management.
"The Fasthold process is truly a full service advisory solution that will handle the entire spectrum of roles and responsibilities for the customer and allow them to make the best decision with the most accurate data," said Bob Fulton, managing director of acquisitions at Fasthold Capital. "Our unparalleled experience and solid relationships with investors coupled with the company's proven SOP method ensures customers receive accurate market value information with minimal transaction time and expense."
For more information about Fasthold Capital's Settlement Optimization Process, please visit: http://www.fastholdcapital.com/LoanSale/default.aspx
About Fasthold Capital
Headquartered in Orange, California, Fasthold Capital, Inc. is a leading provider of loan sale advisory services for the residential and commercial markets. The company is dedicated to providing its customers with the most efficient, reliable and cost-effective means for liquidating their assets. With over 70 years of combined experience, Fasthold Capital has developed strong partnerships with leading mortgage companies and financial institutions. Its proven Settlement Optimization Process (SOP) guides its customers through the complex asset liquidation process and eliminates common concerns associated with marketing and liquidating distressed assets. For more information on Fasthold Capital and its services, please visit www.fastholdcapital.com.
Editor's Note: For additional information or executive interviews, please contact Kelly Reeves at 949-509-1888 or kelly@klrcommunications.com.
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