The partners at Laureldale are experienced investors in distressed residential property. Our goal, with a property facing foreclosure, is to ensure that all parties end up in better financial condition than before our involvement. Owner/Defaulted borrower: We assist in the disposition of the property which has become unaffordable and unmanageable. This avoids bankruptcy filing, avoids losing the property at auction, and maintains credit worthiness in this difficult situation. Lender: Is motivated to dispose of property that has been taken back at auction (REO). Laureldale can complete an efficient all-cash purchase. If the Lender is interested in disposing of a defaulted loan, Laureldale will purchase the loan or negotiate with all parties to obtain a loan satisfaction. Neighboring Owners/Residents/Boards of Directors: Gratified to see a distressed property, that is in default with substantial deferred maintenance, converted into a newly renovated, upgraded unit, with new occupants. Laureldale's sales of renovated properties to end-user purchasers raises the comparative sales prices in the building or neighborhood and increases local sales volume. Thus, the local real estate sales market benefits from Laureldale's involvement in the property.