ARS’ Assistance in Helping Banks Resolve Nonperforming Assets
2. Stephen J. Izzi is a longtime real estate
entrepreneur who pursues residential and
commercial property investments in New
Jersey and Pennsylvania. He guides Executive
Abstract Agency, Inc., as well as affiliated title
enterprises, and heads Square Foot Real Estate
Management, LLC. Stephen J. Izzi also leads
America Realty Solutions, LLC (ARS), as CEO.
The firm played a vital role in helping the
United States come out of the Great Recession
by offering community banks a host of
innovative services, from tax lien management
to special asset servicing.
3. Mr. Izzi and his team provided banks with
management of their real estate and
impaired loans. His efforts enabled financial
institutions to reduce overhead associated
with assets that were not performing, and
reorient energies toward new pathways to
growth. Reporting, workout, foreclosure,
and sales services were provided that
enabled the liquidation of nonperforming
assets and REO portfolios. In addition, ARS
connected banks with investors interested
in acquiring troubled and special assets,
which created a win-win solution.