On Saturday April 24th 2010, Anchor Loans and our Senior Vice President of Valuations, Originations and Sales, Robert Fragoso, were featured in an article on the front page of the LA Times.
The article, Flipping Houses is Back in South Los Angeles, illustrates how “investors are sifting through the wreckage of Southern California’s real estate bust, snapping up foreclosed homes in hopes of making a quick killing”.
South Central is a prime area of investment because of its low prices, proximity to Long Beach and Los Angeles, LAX airport and other job centers. Robert Fragoso is quoted as saying “South Central is good because it is a blue-collar area, but it is close to essentially a lot of work”.
For additional information pertaining to investing in Trust Deeds in South Central please contact Anchor Loans Investor Relations department.