Blumenkehl Companies Buy Non-Performing Mortgages in New Jersey

Jan. 14, 2011 - PRLog -- Charles Blumenkehl, CEO of Blumenkehl Companies and managing partner of Blue Asset Management LLC announced his company has bought a multi-million dollar group of non-performing mortgages collateralized by residential assets located throughout New Jersey.

Charles Blumenkehl said, "We are very pleased to have been able to help our sellers liquidate their non-peforming notes, and are excited about the opportunities we have identified in this group." Blumenkehl continued, "The areas these properties are in, and the price points we were able to achieve, will provide a benefit to our investors and provide an opportunity to stabilize the neighborhoods the properties are located in."

New Jersey based Blue Asset Management was formed by Charles Blumenkehl in 2008 as a part of the Blumenkehl Companies to leverage what he sees are tremendous opportunities within the, market as a result of the mortgage meltdown. For more information about the Blumenkehl Companies, Blue Asset Management LLC or Charles Blumenkehl log onto the company website at www.blueassetmanagementllc.com or call the company at 973-835-1400.

# # #

Buyer and seller of performing and non performing first mortgages and distressed and investment real estate, property management, real estate asset disposition