John Bartling

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Distressed Properties Challenge Managers

The ever-opportunistic Pierce Ledbetter, CEO of LEDIC Management, sometimes starts scouting distressed properties to manage before their banks even really know how much trouble they’re in. LEDIC applies to a subscription service that lists loans in a given zip code. Once the property’s loan is more than 30 days past due, LEDIC starts doing a market study and taking photos have an archive of physical appearance over time. More

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