As founder of Performance Realty Management, LLC (PRM), Sean Zarinegar has over two decades of experience in evaluation and investment of real estate assets. In 2013, American Realty Partners, LLC, a company managed by Sean Zarinegar and PRM, announced that it has created an “angel fund” to help families stay in their homes in the Phoenix area.
2. Introduction
As founder of Performance Realty Management, LLC (PRM),
Sean Zarinegar has over two decades of experience in evaluation
and investment of real estate assets. In 2013, American Realty
Partners, LLC, a company managed by Sean Zarinegar and PRM,
announced that it has created an “angel fund” to help families
stay in their homes in the Phoenix area.
As homeowners in Arizona face foreclosure, American Realty
Partners angel investors created a solution to help keep families
in their homes while they pay off their debts. The local investors
simply purchase the home through a short sale, rent it to the
family, and then when the family becomes financially secure
again, they buy it back at market value.
3. Angel Fund
The angel investors give families time to get back on
their feet while also being secure in their home.
A lot of homeowners who are leaning toward
foreclosures release their homes, which can cause
problems for the bank later on. Although not all banks
approve of a program that allows homeowners to stay
in the dwelling as it short sells, American Realty
Partners will offer consulting in loan modifications
and legal assistance.