President’s Message
Hello, I’m Jim Clendening, president and founder of Argus Capital. In my 30 years of mortgage banking experience, I have witnessed both the good times and the tough times in the real estate market.
Our current volatile, uncertain economy won’t change overnight, but we will work through this – and as we do, it is of the utmost importance for homeowners to work with a mortgage professional who fully understands today’s complex transactions, and has a solid history of completing them successfully.
Argus Capital is built on what I’ve learned works. In 1980, I joined Bank of America as President of BA Mortgage of Florida. I handled commercial loan production, and then traveled the country creating loan workouts for BA that totaled over $700,000,000. I worked in Arizona, Texas and throughout the Southeastern United States on highly complex loan issues and problem assets. Through Argus Capital, I’m here to use my extensive knowledge and successful process to solve your loan problem.
When it comes to loans, each state has different laws that lenders must adhere to, in addition to the complex federal guidelines. We know and understand these laws and regulations and use them to your best advantage. In fact, Argus Capital offers the most aggressive strategies now available to borrowers.
In many cases we find that borrowers were not fully aware of the terms of their mortgage and that they did not have a clear understanding of what they were signing. These “toxic loans” – along with our overall economy being in a recession – have given rise to the perfect storm for mortgage defaults.
Let’s look at some history. From 1988 thru 1992 a total of 1,600 savings and loan associations were closed. Each time an institution is taken over by the regulators, or is merged into another institution, your loan is put “on hold.” It is then assigned to another loan servicing company or a new loan officer. Unfortunately, changes like this will be a big part of the problem in 2009, but we are here to help you with that.
It seems there is a new bailout plan being considered every few weeks by Washington – but this will not solve your immediate problem. The only solution to this mortgage crisis is to work it out, one loan at a time. However, we know it’s nearly impossible for an individual to work out a loan modification when a bank’s credit department is constantly making harassing calls for past due payments. We also know that many owners today owe more than their property is worth. Argus Capital is the objective third party that can resolve these problems for you.
Our philosophy has always been to treat all our customers – both borrowers and lenders – professionally and with care, because the best solution to negotiating a new mortgage, working out a loan modification or completing a short sale is when both parties benefit.
Conducting a mutually satisfying win-win transaction takes skilled people who can successfully navigate the current real estate storm, and at Argus Capital, we do this every day.
Take some time and view our website. We have information that will help you better understand the issues, and assist you in your decisions. Then give us a call, and let us show you how we’ll address your real estate mortgage needs.
Again, I’m Jim Clendening, president of Argus Capital; we look forward to hearing from you.