Blue Asset Management LLC to Offer Mortgages for Sale in Hudson County New Jersey

Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.

Wayne, NJ, November 17, 2012 - Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.

According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, “These loans represent collateral of some of the finest assets in the gold costs of Jersey City and surrounding towns.” Blumenkehl continued, “These mortgages offer safe haven for mortgage investors in New Jersey, providing considerably higher than market yields while offering desirable underlying collateral in excellent locations.”

Blumenkehl said the loans were assembled from several purchases made over the last 18 months. The loans are both performing and non-performing, and are being offered as a package or separately. For more information about the loans, Blumenkehl invites investors to log onto his firm’s website at www.blueassetmanagementllc.com or contact the company directly at 973 835-1400.

Contact:
Charles Blumenkehl
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
(973) 835-1400 ext. 234
cblue@bluerealty.com
http://www.blueassetmanagementllc.com

Housing Wealth Effect Hits U.S. Economy

The erosion of the syndrome known as the "Wealth Effect" is showing that fall out from the housing slump is having a major impact on the U.S.

Destin, FL, March 01, 2011 -- The erosion of the syndrome known as the "Wealth Effect" is showing that fall out from the housing slump is having a major impact on the U.S. economy, according to Housing Predictor analysts.

Consumer spending habits slowed for a time after the housing bubble burst as the "Wealth Effect" made people feel like they were losing money as equity in their homes dissipated with falling home values. Three years after the financial crisis consumers have changed their habits, cutting spending on many consumer goods.

A study conducted by Harvard’s Joint Center for Housing Studies showed that the real estate bubble would have only been about half its size had banks and mortgage companies not offered the new breed of mortgages, reducing the number of troubled properties in foreclosure substantially.

The foreclosure crisis has resulted in more than 6-million U.S. foreclosures and is gaining momentum as more homeowners lose the ability to pay mortgages, and other upside down mortgage holders walk away from their homes. Historically housing leads the U.S. economy out of recessions, but the economy has sustained a massive blow from the bankers, who developed new mortgages and sold them to anyone that could sign their name.

Check your housing market forecast, check mortgage rates and real estate news at http://www.housingpredictor.com

Contact:

Mike Colpitts

Editor

HousingPredictor.com

225 Main Street

Destin, FL 32541

850-622-1016

johnstraightline@yahoo.com

http://www.housingpredictor.com