WAYNE, IN, Aug 01 (MARKET WIRE) --
Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler
announced today that the Company has launched Freedom Mortgage
Resolutions, Inc., over 100 mortgage professionals in sixteen states.
Brian Kistler, the Company's Chairman and Chief Executive Officer,
commented, "I am very excited to see this division of Freedom unfold. The
foreclosure issue is one of the largest challenges the United States
banking industry has ever faced. The magnitude of foreclosure is
overwhelming and many lenders do not have the time or ability to work with
individuals. However, foreclosures are not a good alternative for anyone.
Banks receive pennies on the dollar and, most importantly, families are
left devastated.
"Our Mortgage Resolutions division was created to alleviate this gap and
it has been well received by mortgage professionals at all levels. We have
been able to attract the highest quality of talent in Ohio, Indiana,
Alabama, Minnesota, Illinois, Georgia, Kentucky, Pennsylvania, Tennessee,
Mississippi, Florida, Nevada, Wisconsin, North and South Dakota and North
Carolina. We continue to look for displaced mortgage/sales professionals
willing to roll up their sleeves and help do something good for at risk
home owners."
Robert Ruckstuhl, Chief Executive Officer of Freedom Mortgage Resolutions,
went on to comment, "When a home owner is at the point of foreclosure
proceedings, they are typically frightened and don't know where to turn.
Our professionals are trained to apply the experience they have garnered
within their local market to work with all parties to navigate a favorable
outcome. FMR has successfully negotiated approximately 60% of our cases to
settlement."
While settlement is not always a viable outcome, FMR works closely with
its customers to find the best possible solution for their particular
situation. Services the company provides include:
-- Negotiate re-writing note terms
-- Negotiate note modification
-- Negotiate a forbearance agreement
-- Negotiate a short payoff
-- Negotiate a transfer of deed in lieu of
-- Negotiate and access to legal counsel
-- Keys for Cash
ABOUT FREEDOM FINANCIAL HOLDINGS, INC.
Freedom Financial Holdings, Inc. ("FFH") is a holding company with a focus
on the identification of opportunities in the financial services sector.
The Company's objective is to acquire undervalued assets and/or initiate
operations in underserved niches. Once established within the FFH
portfolio, the Holding Company will provide the support necessary to
enable each of its subsidiaries to maximize their business opportunities.
FFH currently operates two divisions with a focus in the financial
services sector; Freedom Financial Mortgage Corp. ("FFMC") with
operations in Indiana, Ohio, Georgia and Florida and Freedom Mortgage
Resolutions, Inc. . with operations in Ohio, Indiana, Alabama, Illinois,
Michigan, Minnesota, North Dakota, North Carolina, Wisconsin, Tennessee,
Mississippi, Georgia, Florida, Nevada and Colorado.
FORWARD-LOOKING STATEMENT
This press release contains certain "forward-looking" statements, as
defined in the United States Private Securities Litigation Reform Act of
1995 that involve a number of risks and uncertainties. Statements, which
are not historical facts, are forward-looking statements. The Company,
through its management, makes forward-looking public statements concerning
its expected future operations, performance and other developments. Such
forward-looking statements are necessarily estimates reflecting the
Company's best judgment based upon current information and involve a
number of risks and uncertainties, and there can be no factors that could
cause actual results to differ materially from those estimated by the
Company. They include, but are not limited to, the Company's ability to
develop operations, the Company's ability to consummate and complete the
acquisition, the Company's access to future capital, the successful
integration of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from time to
time in the Company's public announcements.
Contact:
Freedom Financial Holdings, Inc.
Brian Kistler
260-490-5363 ext 307
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