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Robert Shumake Saves Detroit Pension from what could have been Disaster when GM
Robert Shumake renegotiated the mortgage liens and adjusted rents, saving pension funds from millions in losses while avoiding costly suits
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At the same time Mr. Shumake was able to maintain the security for equitable and Detroit pension fund mortgages by doing a loan modification. This allowed both mortgages to maintain cash flow and keep GM in the plants so the security did not lose value. The bottom line is that Robert Shumake's negotiations kept plant open, providing jobs and keeping security in place at its highest value while maintaining a cash flowing asset for the pension fund. Follow Robert Shumake's blog at http://pensionfundfraud.blogspot.com/2010/01/robert-shumake-investigating-detroit.html Robert Shumake is the CEO of Inheritance Capital Group, a Michigan based private equity real estate investment and development firm. ICG manages nearly 3 million square feet and a $200 million dollar real estate portfolio. Mr. Shumake has implemented policies and funding strategies to raise capital for small business, mortgage loans, commercial leasing and specialized financing. Robert Shumake is very active in community service projects and fundraisers to help those who are less fortunate. Last Christmas, the Robert Shumake Foundation, along with Radio One, WGPR 107.5 FM Radio, Prince Hall Masons and DPOA made sure families had a good Christmas with the inaugural Toy and Turkey Ball event. Toys and turkeys were donated to needy families. Read the complete article at http://shumakesleadershipchallenge.blogspot.com/2009/12/robert-shumake-provides-toys-and.html The Robert Shumake Foundation strives to promote home ownership, entrepreneurship and education to provide opportunities for high school students to attend college and to increase the financial stability and independence of all people. Contact: Darci McConnell 313-237-0103 This press release was submitted by Right Now Marketing Group, LLC
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Keywords: mortgage fraud, Real Estate, Mortgage, real estate scams, real estate tips, protect themselves, mortgage fraud, housing loan
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In a record breaking six-week negation, Robert Shumake, Michigan business professional, headed off what would have been a major loss for Detroit Pension Funds. Robert Shumake, with his team, was one of few businessmen able to keep GM to only a 10 percent reduction in the rents for 5 state of the art plants.
Robert Shumake’s mission is to inform the public about mortgage fraud and real estate scams and to provide tips on how to avoid being a victim. “Sometimes people will commit identity theft to obtain a housing loan, sell someone else’s house or take over someone else’s property,” says Shumake. “It is my goal to inform the public on how to protect themselves from being victims of this crime.”
Robert Shumake’s mission is to inform the public about mortgage fraud and real estate scams and to provide tips on how to avoid being a victim. “Sometimes people will commit identity theft to obtain a housing loan, sell someone else’s house or take over someone else’s property,” says Shumake. “It is my goal to inform the public on how to protect themselves from being victims of this crime.”
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http://robertshumakefraudreport.wordpress.com/
Dr. Robert Shumake is a real estate master, noted author, mentor and motivator. He will be the keynote speaker at the event. Robert Shumake wrote the book entitled For Entrepreneurs who Considered Suicide when Business got Tough. He currently owns over 3 million sq. ft. of office and commercial space which he rents to some of the largest corporations in America. Robert will talk about how to make money in our current market, sharing tips on making the best of even the most difficult times.
Contact:
313-237-0103
shumapr@gmail.com
More Details about http://reitbuyer.com/ here.
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