Asset Resolution Corp. Purchases $4 Million Hedge Fund from Morris and Raper REC

Nov. 16, 2011 - PRLog -- Morris and Raper Real Estate Consultants announces it sold 42 homes to Asset Resolution Corporation for $4 million in cash on Nov. 4, 2011. The homes were originally part of a buyout of assets from Atlanta-based Dozier Homes that included 91 new homes and more than 200 lots.

Morris and Raper Real Estate Consultants was hired to sell the assets from Dozier Homes in January of 2011 by Andrew Bolnick and Associates, a Florida-based company representing Bank of America. From January to August, Morris and Raper Real Estate Consultants was successful in closing 49 of the original 91 homes throughout communities in Cobb, DeKalb, Gwinnett and Paulding counties. Following the recent acquisition by Asset Resolution Corporation, Morris and Raper Real Estate Consultants has been retained to sell off the 42 remaining homes, 10 of which are currently pending closing. The company will also be tasked with marketing and selling the vacant lots that remain with the Receiver, Andrew Bolnick and Associates. The experience of Morris and Raper Real Estate Consultants has helped several first-time homebuyers take advantage of the favorable pricing of these homes.

"We are very excited to represent Asset Resolution Corporation in the marketing and sales of these great homes,” Susan Fessler, owner and president of Morris and Raper Real Estate Consultants, said. “We are seeing a large number of ‘lookers’ today who have come to realize that homeownership is truly achievable with great interest rates and low prices for a new home."

Morris and Raper Real Estate Consultants has worked on many large accounts in the past, including builder buyouts; structured settlements through hedge funds; and asset dissolution with venture capital and vulture funds. Through its work, the company has formed relationships with high profile clients including Branch Banking and Trust, Bank of America, Suntrust and numerous out-of-state buyers. Morris and Raper Real Estate Consultants has a proven track record of success servicing clients ranging from small residential communities to multiple subdivisions. This stellar reputation is credited to the company's expert team of real estate professionals.

"At Morris and Raper Real Estate Consultants, we strive to meet our clients at the ever changing needs,” Fessler said. “Through the hard work and dedication of our professional consultants, we remain a market leader today in such a volatile industry.”

About Morris and Raper Real Estate Consultants:
For over two decades, the real estate industry has looked to Morris and Raper as a leader with a defined vision for servicing the development and investment community in Atlanta. The company’s experience in an ever-changing market provides the insight and knowledge necessary for helping clients achieve success. Morris and Raper uses a single source approach – offering one firm to profile brand philosophies, creating and implementing advertising strategies, and staffing each community with a professional sales staff to reaffirm the message and close. This winning strategy provides clients with the single most important business luxury: time. From residential high rises and townhomes to single-family residential communities, Morris and Raper tackles diverse projects with a unique perspective and unrivaled determination. For more information, visit http://www.morrisandraperrec.com.