Matthew Sullivan is the founder and CEO of CrowdVenture, a company that is using the power of crowdfunding to help people stay in their homes, even when the homes are under water financially.
Every home has a heartbeat.
Our aim is to demystify and democratise the investment process and give the wider community access to investments that deliver social benefits as well as solid returns.
There are currently 821,275 properties in U.S. that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 1,287,934.
In May, the number of properties that received a foreclosure filing in U.S. was 1% higher than the previous month and 16% higher than the same time last year.
Homeowners have been waiting for serious, meaningful relief from the crash in their home values that was the byproduct of the manipulation of the finance sector during the years prior to the 2007 crisis. Many of the new foreclosure actions are being taken out against people who have tried to hang on to their homes despite the bottoming-out of home values and sky-high unemployment rates. One by one these families are falling into the jaws of foreclosure as they simply cannot hold out any longer.
Banks are either unwilling or unable to offer solutions that are sustainable for the homeowner. The Home Guardian Fund does however offer a real solution – we buy these distressed, non-performing mortgages from banks and hedge funds at big discounts, then work with homeowners to reduce their principal balance and monthly payments so the loan becomes affordable again. This means the homeowner can stay in their home and no longer faces the threat of eviction.
Our approach provides a profitable return for the investor, while helping to keep the heart beating in every home.
On Friday, July 10, 2015 at 4:00 Eastern, Matthew will join me for a live discussion about CrowdVenture. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.
More about CrowdVenture:
At CrowdVenture, our mission is to make real estate investing a collaborative, simplified procedure. Our aim is to give accredited investors the opportunity to participate in high quality, innovative real estate investments across the United States. And our objective is to deliver a range of investments that previously would only be available to ultra-high net worth individuals and hedge funds, and that deliver above-market returns while contributing to social betterment.
Matthew is the founder and CEO of CrowdVenture.com, based in Newport Beach, California. CrowdVenture.com is a real estate crowdfunding platform. Matthew is also the owner of Carbon Retirement LLC, an international sustainability and carbon offsetting consultancy. He has founded several companies in the UK, Europe, India, Australia and the US across a wide range of sectors including telecommunications and software development, international sustainability and environmental asset management, financial services, customer acquisition services, front and back office process design and implementation, online and offline sales, marketing and brand building. He worked with Richard Branson on a number of Virgin projects and was appointed trustee and director of Virgin’s London Air Ambulance. Matthew has a private helicopter license and is a keen fencer.