Lenders Withhold Foreclosure Surplus - Anthony Realty Group Creates Initiative

SAN DIEGO, June 26, 2009 (GLOBE NEWSWIRE) -- There is no question that in real
estate today, both in San Diego and throughout the country, people are carefully
evaluating each financial decision. Economically challenging times call for even
greater attention to budgeting details in order to survive, and most real estate
brokers today can't afford to misjudge the market's demand or underutilize
existing resources in the distressed property market.

A graphic accompanying this release is available at
http://media.primezone.com/cache/11285/file/7046.pdf

With the gross oversupply of default inventory, short sales outnumber bank
repossessions 4 to 1 in most areas. The obvious challenge for the real estate
community is facilitating these long term sales on toxic assets with constant
uncertainties. Established professionals are concerned with the question of how
to navigate this market while keeping their clients out of harm's way.

An innovative broker in Carlsbad, California has discovered a possible remedy
for this market. CEO - Marian Anthony said yesterday, "The key to this market is
getting a 1st right of refusal on these short sales, while locking in the deal
with a liquidated damages clause; this creates adhesion." This process appears
to be a steady repair mechanism for the toxic asset market when combined with a
carefully structured 'interim occupancy agreement'. This allows abandoned
properties to become occupied immediately, putting a freeze on the market
depreciation caused from economic obsolescence, the most difficult form of
depreciation to cure.

Anthony added, "Lenders are intentionally withholding 73% of the foreclosure
inventory to control and limit the supply in an attempt to artificially
stimulate the market's demand." This creates bidding wars on properties that
receive offers well above fair market value, making those involved appear
foolish when the appraisal is revealed, resulting in numerous cancelled
transactions.

It's common for the investing community to become paralyzed by their fears and
do nothing; this is a typical culture in business.

The National Association of Realtors reported this week that "existing home
prices declined 17 percent in May from a year earlier". Appraisal values aren't
what they used to be; especially when reductions on comparable sales are being
adjusted down as much as $5,000 for every 30 days. This is an indication that
lenders are insulating for further market decline.

If Anthony's solutions are implemented on a broader scale, banks could avoid
further monetary damages by preserving the condition of the properties with a
reduced demand for asset management companies and costs for each vacant home.
Buyers would be enabled to address properties traditionally avoided and the
hyper-inflated foreclosure market could settle much sooner.

These aforementioned changes are essential to shift the market into reverse.
It's just a matter of initiative.

Economically challenging times, though difficult, also provide opportunities for
leading innovators to create solutions. Anthony has created custom software
applications for this market and has established seven locations in California.
Visit: www.AnthonyRealtyGroup.com for more information. 888-608-9378
christen@anthonyrealtygroup.com

The Anthony Realty logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6018

*Foreclosure index courtesy of Foreclosure Radar.

-0-
CONTACT: Anthony Realty Group
888-608-9378
christen@anthonyrealtygroup.com
www.AnthonyRealtyGroup.com