Authored by editor August 29, 2011 at 10:08 am CT
LIG Assets, Inc. (OTC: LIGA) focuses on income-producing opportunities in commercial and residential real estate and the overseas oil and gas production sectors.
LIGA buys and sells portfolios of REO and mortgage-backed real estate. A combination of adjustable, floating, and fixed-rate mortgage backed real estate portfolios designed to perform through a wide range of interest rate environments is employed. Leverage of these assets enhances returns.
Real estate owned or REO is a class of property owned by a lender typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.?? This property is retained after foreclosure because typically the bank (or other entity) sets the opening bid at a foreclosure auction for at least the outstanding loan amount. Generally, today, the amount owed on the home is higher than the current market value of the foreclosed property.
Once the bank (or other entity) repossesses the property it is listed on their books as REO and categorized as a non-performing asset.
- The company acquires, develops and sells real estate properties and investment properties that are currently located throughout the United States.
Income Generation through REO and Mortgage-backed Real Estate
Income for distribution to shareholders is derived from several sources. The spread between interest income on mortgage-backed real estate and costs of borrowing for the real estate has historically generate revenue for the Company.
In addition, the Company earns revenue from these assets.
LIG Assets Core Base
- Corporate seed capital and resulting ownership interest
- Residential Properties
- REO purchases
REO Properties and Distressed Assets
LIG Assets acquires REO properties directly from lenders that foreclose the property. Real estate owned or REO is a class of property owned by a lender after an unsuccessful sale at a foreclosure auction. Assets are typically located in prime national locations, which enhance the Company?s ability to reduce marketing time while maximizing loan recovery. The REOs purchased are provided with owner-financing for homebuyers with less-than-perfect credit and no credit check is normally required.
The Company creates investment income by purchasing and reselling distressed properties. Properties that will generate a one hundred percent profit from cosmetic or functional property improvements are targeted. The rehabilitation process typically requires on average six months to a year.
Jeffry Love
CEO and President
LIG Assets, Inc.
1700 Pacific St.
Suite 2680
Dallas, Texas 75201
Website: http://www.ligassetsinc.net
Forward-Looking Statements: This release contains statements, which may constitute ?forward-looking statements? within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. Those statements include statements regarding the intent, belief or current expectations of LIG Assets Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
LIGA Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with LIGA. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us a total of ten thousand and seven hundred dollars for coverage through February 29, 2012. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC ? 1601 Berwick Drive ? McKinney, Texas 75070 ? (469) 252-3031.
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