A NEW SENSE OF URGENCY AS THE HOUSING SLUMP DEEPENS

The Commerce Department reported this week that sales of new homes in February dropped 1.8 percent for the slowest sales pace since 1995. The median home price also deflated to $244,100, down 2.7 percent from a year earlier.

Daniel R. Amerman, CFA and author of three books on mortgage finance and related derivative securities, stated last week, 'The real subprime mortgage securitization crisis may not have yet started.' Gloomy housing news seems to have no end and no bottom. Yet, there is light on the horizon.

Welcome News

A growing company, Maximum Real Estate Solutions (MAXRES), based in Orlando, FL, with an office in Maple Grove, MN, has stepped in with welcome housing news. MAXRES has built strong relationships with major investor groups looking to buy hundreds of millions of dollars worth of distressed real estate. MAXRES now has teams of professional real estate experts contacting mortgage lenders across the nation.

Why the Urgency?

'Lenders are now coming to MAXRES with a new sense of urgency,' said John Hendrickson, MAXRES Corporate Sales Manager. 'Lenders are concerned their losses will multiply if they hold onto foreclosed properties and non-performing mortgage notes.'

The reason for the mortgage lenders' urgency is best articulated in an article by Daniel Amerman just posted on the goldseek.com web site. For illustration, Amerman put forth several scenarios in which any one, or all three of his selected mortgage variables change for the worse. The three variables are:



1. Annual foreclosure rate

2. Loss per foreclosure

3. Interest rate

Amerman's theoretical exercise demonstrates how, when any of the above market factors deteriorate, mortgage lenders' losses multiply by three or more times-that's 300 percent just for starters! And if two or three of the factors are degraded simultaneously, individual lenders' losses could easily jump twelve times, or 1200 percent!

Simply stated, lenders recognize losses from REO'S (Real Estate Owned) and non-performing real estate notes need to be taken sooner rather than later. The best solution is to convert the REO properties and non-performing notes into cash, with the proceeds reinvested into positive, productive assets.

The MAXRES Solution

'This is exactly what we do at MAXRES,' said Mike Aymar, MAXRES Investor Relations. 'We have the confidence of several investors and investor groups who want to place their sizeable resources into hard assets. They buy real estate with quick closes and cash.'

The reason MAXRES has received the attention of both investors and lenders is the thorough approach taken in finding, researching and packaging offers. 'The hard work for investors is all done for them,' Hendrickson said.

'Investors quickly learned they could expend exorbitant resources, in both time and money, only to ultimately fail with a dead end deal,' Aymar added. 'With our various investor groups, we have virtually eliminated dead ends. This also works the best for lenders. They don't need to put hours of work into a customized package, only to have the sale fall through in the eleventh hour.'

Losses of 2400 Percent to 3600 Percent Looming

Daniel Amerman's article concluded, 'If real subprime losses climb by 6 times or 12 times, then system-wide financial losses likely climb by 24 times, or 36 times, or more. Because everything is linked, and the math that links all the dominos is multiplication, not addition.'

It's no wonder, then, why Aymar believes Maximum Real Estate Solutions really is today's best solution for many mortgage lenders. 'We have THE answer for both investors and lenders. Our portfolio is growing every day,' Aymar said. 'And each day that MAXRES grows larger, the housing problem grows a little smaller.'

For more information, contact: Joe Egge, MAXRES Public Relations, 612-839-4594; or John Hendrickson, Corporate Sales Manager, 612-270-5260

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Thank you in advance for your consideration and attention to this press release.

Maximum Real Estate Solutions
Bradley Ganzer, MMS