Managing Partner
CurrentIP&A is the leading purchaser of foreclosures and distressed properties in New York State, with roughly 5,500 properties purchased or invested into over the last 15 years. IP&A has become the dominant force in this market through the development of a comprehensive and unique methodology, including:- An advanced legal approach added to our investment strategies. - Detailed information gathering regarding all foreclosures in the market.- Detailed system generated monitoring of all foreclosures, including value, expected sales price, actual sales price, lender discounts and more.- Full in-house legal staff, handling all phases of litigation.- Valuating properties based upon our in-house research of all data available as well as property visits by our exclusive, full time field representatives. This provides IP&A with more accurate and conservative valuations which provide IP&A with greater protection and profit.- Exclusive database with all pertinent information to make intelligent investment decisions.- Well trained staff who can discuss various scenarios with foreclosing banks, subordinate lien holders and distressed property owners.- In-house construction teams to repair any home necessary to raise its value.- Knowledgeable management team to consistently analyze all information to make final, accurate decisions.Our Client list includes - Nationstar Mortgage Servicing, PennyMac Loan Services, Long Island Investments, Kondaur Capital Corporation, Continental Home Loan.In summary, IPA is uniquely situated to take full advantage of the foreclosure and non-performing note markets in New York and to expand to other markets around the nation, and currently has over $260 million under management.
