BA Urban Solutions Brings the Dream of Homeownership Back to Urban Communities

July 6, 2009 - PRLog -- BA Urban Solutions LLC, a nationwide minority-owned asset management company, recently unveiled an initiative through a network of industry alliances, to bring homeownership back to the urban communities.  Entrepreneur and community advocate Earl Cummings, CEO and founder of the company, will lead the team that includes a nationwide network of minority real estate brokers, agents, appraisers, and inspectors who have experience with REO properties in urban communities.  Cummings, who serves on the board of several not-for-profit organizations with a mission of preparing young disadvantaged children to compete and become positive participants in society, realizes the socioeconomic affects that foreclosures can have on the urban communities.  BA Urban Solutions’ mission is to help maintain properties consistent with neighborhood standards to ensure that property values are preserved in every community.   Cummings believes that one of the primary solutions to community stability, during this REO crisis, is selling REO properties to individuals and families that want to be owner occupants and live in the community.  “Our industry alliances are strategically developed to restore confidence in the homeownership experience and to help members of the urban communities secure a vehicle that adds value and wealth.” says Cummings.
BA Urban Solutions’ partnerships with some of the most respected minority organizations in the country directly help to stabilize communities and increase minority homeownership. By utilizing these relationships the company can identify future homeowners that have had homeownership counseling and are ready to purchase a home. The platform links buyers and foreclosed properties to create equally beneficial transactions for consumers and clients. By relying first on sales to homebuyers and second to community investors, BA Urban Solutions is able to assist clients on achieving their social goals and help preserve the character of urban communities.
Across the nation African American and Hispanic borrowers helped fuel a multi-year housing boom, but today they are shouldering the largest burden caused by the wave of foreclosures in this historic mortgage crisis. “The primary wealth building vehicle for minorities in every community is homeownership. The drop in home values and the increased REO inventory particularly in the urban areas, threatens them with the loss of this valuable principle.” says Charles Newcomb, COO of BA Urban Solutions.  “Investors have been an important part of REO sales, but creating an operating platform that can target these properties to owner occupants is the best way to stabilize home values and preserve this wealth building tool for the urban community.”
BA Urban Solutions fills a unique niche for lenders and servicers that want to approach the foreclosure market in a diverse and responsible way.  Through community organizations and homebuyer education seminars that cater to the same urban areas they have foreclosed properties in, BA Urban Solutions creates a market of owner occupant homebuyers that reflect the face of their communities.    
“We have changed the face of REO asset management to the nation by providing a platform of responsible REO disposition for our clients that benefit every community,” says Denise Johnson, CFO of BA Urban Solutions.  “We believe our initiative will give us expansive coverage with institutions that share our philosophy and want to engage in our community-focused mission, which not only create winning solutions for our clients, but also for first-time homebuyers and minorities.  Partnering with BA Urban Solutions is a responsible solution and can help our clients meet CRA obligations and supplier diversity goals,” adds Johnson.

For more information about BA Urban Solutions please visit www.baurbanso.com.

Contact:
Christopher Martinez, Public Relations
BA Urban Solutions LLC.
281-276-1468
cmartinez@baurbanso.com
www.baurbanso.com

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BA Urban Solutions, LLC is a African American owned (REO) Asset Management Company that helps clients maintain and sell single-family “foreclosed” properties. We provide asset management services across the nation to every community in every state.