It all started when Art Fried agreed to buy some properties recommended by a trusted associate and was being a bit bullied that put him on the verge of bankruptcy.
2. It all started when Art Fried agreed to buy some properties recommended by a trusted associate and was being a bit bullied that put him on the verge of bankruptcy.
3. Knowing better, Art Fried agreed to buy several properties which turned into giant load stones around his neck which sucked all the cash out of his business and he could not control the situation. It cost him most of his business properties and the worst part was that he had to give up his own dream home, even after putting his considerably skill and contacts with the lenders on the line. Eventually, Art Fried started to loose faith in himself, the system and his own abilities. He wound up doing many things personally, that he had advised his clients not to do, hundreds of times.
4. When Art Fried was on the verge of losing his home in early 2009, the Federal Government introduced a program where they would help fund Loan Modifications; they pledged billions of dollars to try and help stop or at least slow down the foreclosure epidemic that was sweeping across America.
5. It gave Art Fried a new hope and he immediately got what information was available and was one of the first to submit an application to get a modification to his mortgage and to hopefully save his home. Unfortunately, he was not successful in his efforts and decided to give his home back to his lender. What he didn’t know at the time was that his lender stood to make more money foreclosing on his property versus negotiating with him for better terms.
6. This particular situation helped Art Fried get going again. Gradually, he started to gain confidence and seeing the potential of this new program, he once again threw himself into learning everything he could about this new “savior” program. The biggest lesson that he had learned in his own dealings with the lenders was simple; nobody, including the banks, lenders and government knew anything about this new program and they did not have the people trained and ready to deal with what was to turn out to be, millions of people in need of the help.
7. Everybody was floundering except for the Media that is. They proceeded to spend hundreds of hours talking about this great program and publicizing this stroke of genius on the part of the new US President.
8. While everyone got excited about the possibilities and the lenders and the government tried to play catch up, Art Fried saw the tremendous potential for what it could do for his fellow homeowners and once again saw a great opportunity to help others and even though he had lost his own home and had not been successful with his own Loan Modification, he once again dove into the deep end of the pool and it became his mission to learn everything there was to learn about Loan Modifications and to once again become the expert, just like he had done with Short Sales.
9. Art Fried is the CEO of We Buy Homes in AZ, LLC since January 2003. He built his companies and its subsidiaries to help homeowners avoid foreclosure. He has been a member since 2006 in good standing with the Better Business Bureau.