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Builders Capital the #1 Private Construction Lender Nationwide Raises $2.3 Billion in New Capital

Builders Capital

Builders Capital set a new company record raising an additional $2.3 billion in new Capital in 2023, positioning them as the #1 private construction lender nationwide. “There is a massive need for private capital in light of the housing supply/demand imbalance and regional banking system challenges,” said Robert Trent, CEO of Builders Capital. “We plan to use the capital to expand our platform and continue to provide necessary and creative financing solutions to our homebuilding customers to support the growth and success of their business.” In addition to the amount of capital available, these traits set Builders Capital apart from other lenders demonstrating why they are the industry leader nationwide: Access to significant building material savings through their revolutionary MOR program. Speed and execution towards closing loans on time. Creative financing structures that allow their customers to operate their business more efficiently. Confidence of closing with thousands of loans funded and over $9B in volume. More spec homes and starts with underwriting based on the absorption of the project versus arbitrary restrictions from government-regulated banks. State-of-the-art technology allowing their borrowers 24-hour access to loan details and draws. Anytime draws so vendors can be paid as often as the borrower would like. An In-House Loan Servicing department that provides seamless support post-closing. Last year, Builders Capital expanded its lending and servicing team with the addition of an East Coast headquarters to help deliver robust lending solutions to more builders across the country and meet customer demand. Housing market inventory is scarce and existing for-sale inventory remains near historic lows. Total housing inventory fell to a record low of 910,100 units in December, down 18% from the prior month and 14.2% from a year ago, according to the National Association of Realtors (NAR). It was the lowest amount in more than 20 years since the data had been collected. New construction is a smart option for those looking to buy, making it a great time to be in the homebuilding industry. To learn more about Builders Capital and the construction loans they offer to builders and developers, visit About Builders Capital Builders Capital is the nation's largest private construction lender, offering innovative financing solutions to a wide spectrum of developers and homebuilders. Loan products include options for Acquisition, Development, Construction, and Bridge financing, in the form of single-asset loans, portfolio loans, and revolving credit facilities. In addition to financing opportunities, Builders Capital borrowers can leverage national accounts for material purchase discounts, and access cutting-edge technology for project management, accounting, and BIM technology tools. Builders Capital is headquartered in Puyallup, Washington, with regional sales offices across the country. The management team at Builders Capital brings over 100 years of expertise in residential construction lending, home building, real estate development, and loan servicing. Learn more at: About BIMQuote BIMQuote and offer innovative products available to Builders Capital’s builder-borrowers, enabling them to operate more competitively, efficiently, and profitably in their business. BIMQuote offers a full project management and procurement suite, with integrated accounting and automated contracting tools such as lien waivers. allows for the customization of a 3D digital model of a home and immediately generates a material takeoff as well as site-specific residential designs. Contact Details Joann Whetstine Company Website

February 27, 2024 07:57 AM Eastern Standard Time

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HomeSphere Revolutionizes Home Product Management With AI-driven My HomeSphere App


HomeSphere, the foremost platform connecting building product manufacturers to mid-market homebuilders, today launched My HomeSphereTM, an industry-changing mobile app and product suite designed to bring transparency and efficiency to home product management. Unlike any other product available today, the app benefits players along the homebuilding and buying supply chain, with distinct value to builders, manufacturers and homeowners. Visit HomeSphere at the NAHB International Builders’ Show in Booth W4051 in the West Hall of the Las Vegas Convention Center. My HomeSphere: Transforming Home Product Information The My HomeSphere product suite empowers builders to use their smartphones to capture essential information about products in new homes while on-site, during installation. The data, encompassing appliances, HVAC systems, windows, doors, smart technology and more, syncs seamlessly with HomeSphere’s platform. HomeSphere’s proprietary AI automatically logs model and serial numbers, registers and tracks warranties in a single platform, and creates a comprehensive digital record of the home — with little effort from the builder or homeowner. “HomeSphere is the only company positioned to change data collection for the industry,” said HomeSphere CEO Greg Schwarzer. “We store the largest volume of U.S. home product information through our strong relationships with thousands of homebuilders and building product manufacturers, and we know what’s broken in the supply chain. My HomeSphere is the technology to fix it.” Changing the Landscape of Home Product Management My HomeSphere has the potential to redefine how building products are sourced, tracked and maintained, ushering in a new digital era for the home construction industry. Key Features of My HomeSphere: Creates a first-of-its-kind digital record of a home's products Enhances transparency within home product management Breaks down longstanding supply-chain silos in residential construction Addressing Industry Challenges Before My HomeSphere, builders installed products in homes without knowing how they performed, product manufacturers lacked clarity on product usage, and homeowners were left to fend for themselves, wading through a drawer full of manuals and registration cards. With My HomeSphere: Builders get a precise inventory of products installed in completed homes, simplifying after-sales issue resolution and increasing customer satisfaction. Homeowners gain “at their fingertips” information about the products in their homes so they can capitalize on valuable extended warranty opportunities, typically unclaimed. Building product manufacturers have — for the first time — clarity into where products are being used and by whom, facilitating customer relationships, mitigating risks and managing issues such as product defects or recalls. The Future of Home Product Management In the short term, My HomeSphere streamlines a fragmented supply chain burdened with outdated tracking methods. In the long term, HomeSphere anticipates further technological advancements to create an expansive network connecting the country’s 140 million homeowners with the manufacturers, contractors and installers that keep their homes running. “Each year in the U.S., millions of new homes are built, with an average of 15 branded products per home,” said HomeSphere Executive Chairman Glenn Renner. “No single company has ever captured this product data, yet it represents unprecedented value to homeowners, builders and product manufacturers. Our mission is to change that with a digital record of the U.S. housing stock accessible to millions of homeowners and the entire universe of builders, contractors and manufacturers. The My HomeSphere technology, paired with our experience, uniquely positioned us to execute this industry-changing vision.” About HomeSphere HomeSphere is a leading data platform connecting the residential construction industry. With 25 years of experience, HomeSphere aggregates data on products installed in over 250,000 homes annually, fostering transparency and efficiency throughout the process, from the product manufacturer to its end user, the homeowner. My HomeSphere represents a leap forward in home product management, revolutionizing how information is sourced, tracked and maintained. Contact Details Tracy Henderson +1 720-989-3530 Company Website

February 26, 2024 08:00 AM Eastern Standard Time

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HomeSphere and Aterra Designs Partner To Offer Homebuilders Electrical Planning and Design


HomeSphere, the leading platform connecting building product manufacturers to mid-market homebuilders, today announced its latest partnership with a homebuilding industry service provider. Aterra Designs will offer its high-end residential lighting, electrical, and home automation design services, including Aterra Premium, Luminosity, and I3 Interactive Floor Plans, to HomeSphere’s network of 2,700+ builders who collectively construct more homes than the top five public builders combined. “Aterra Designs is the ideal partner as we continue to add products and services that greatly benefit the construction industry,” said HomeSphere President and CEO Greg Schwarzer. “This latest partnership demonstrates our commitment to unlock the unprecedented value of HomeSphere’s platform for more key constituents in homebuilding.” Single-family and multifamily builders use the HomeSphere platform to gain a competitive advantage. Aterra Designs aligns with that goal with a program that streamlines home lighting and electrical planning by connecting the home buyer, contractor and builder. Their proprietary software integrates with any trade or manufacturer, but HomeSphere builders have an exclusive opportunity to increase returns when they pair brands like Leviton Manufacturing and Progress Lighting with Aterra’s services. “Historically, our builders have doubled and sometimes even tripled their sales of lighting, electrical and home technologies. All this, along with receiving better documentation which reduces field errors,” said Aterra Designs President Paul Salmonson. “We look forward to extending this opportunity to HomeSphere builders so they can improve their profitability, connect to a new way of lighting their homes, and create a better customer experience.” Aterra Designs’ recently revamped Luminosity services offer a virtual electrical design tool with real-time lighting and pricing tied directly into the supply chain. Based on builder options, Luminosity generates orders and trade-specific information for installation, purchase orders, and bills of materials, saving homebuilders additional time and costs while increasing the beauty and efficiency of a new home. “We are continually adding valuable partnerships that enable our builders to construct better homes, improve margins and increase customer satisfaction,” said Schwarzer. “Aterra is a new offering, a new category and their services give our builders a new way to attract buyers. It's a win-win-win.” About HomeSphere Established in 1999, HomeSphere connects local and regional homebuilders to exclusive rebate offerings. HomeSphere’s builder network constructs and closes more than 250,000 new homes and units per year, making it the largest homebuilding group in the country by volume. Using HomeSphere-HQ, HomeSphere’s award-winning rebate management platform, builders capture incentives on completed homes, discover new products for their future projects and develop key relationships with the 80-plus manufacturers in HomeSphere’s preferred partner network. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit About Aterra Designs For 25 years, Aterra Designs has brought home builders, contractors, and home buyers together to achieve a common goal: Creating homes as unique as their owners. Our residential designers are experts in lighting, electrical, and home automation design. As such, they can provide a range of coordinated options and create customized lighting solutions. Our focus on maximizing efficiency simplifies the building process and saves time, all while mitigating field errors. And, because we partner directly with top manufacturers, our design consultants can offer innovative new products to home buyers, allowing them to create the home that meets their specific needs. For more information on lighting and electrical solutions, visit Contact Details Tracy Henderson +1 720-989-3530 Company Website

February 21, 2024 08:00 AM Eastern Standard Time

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Everlodge Gains Momentum in Real Estate Sector as Interest in Avalanche (AVAX) and Cardano (ADA) Wanes


As the crypto market shows signs of retracement from its recent bullish momentum, top crypto coins such as Avalanche (AVAX) and Cardano (ADA) have witnessed a noticeable slowdown in their price trajectories. However, the same cannot be said for Everlodge (ELDG). Following the completion of its successful presale campaign, Everlodge has been drawing increased attention, particularly with its ongoing listing on tier-1 exchanges. This listing has continued to fuel purchasing activities for the cryptocurrency, setting it apart from the declining interest in AVAX and ADA alike. Everlodge (ELDG) Makes Strides in the Real Estate Niche With Growing Enthusiasm Among Investors Everlodge (ELDG) is slowly making a name for itself in the fast-growing multi-trillion-dollar real estate industry. The project stands out by leveraging innovative technology to digitize real-world assets (RWAs) into non-fungible tokens (NFTs). This groundbreaking approach enables potential investors to conveniently and affordably access co-ownership opportunities, with a minimum investment threshold as low as $100. The underlying concept behind Everlodge is to introduce fractional ownership in diverse real estate assets, ranging from vacation homes to hotels and luxurious villas. By doing so, the project disrupts the traditional norms of real estate investment, making it more accessible and flexible for individuals to participate in this lucrative market. Following a successful presale that propelled the ELDG token from $0.01 to $0.029, Everlodge is now well-positioned for even more exponential growth, further supported by its recent listing on Uniswap. With ambitious plans to expand its market presence through additional listings on tier-1 exchanges, Everlodge emerges as one of the top crypto coins for investment, offering long-term profitability. Meanwhile, the team has taken measures to ensure market stability and safeguard investors' interests by committing to lock the team tokens for two years and the liquidity pool for eight years, effectively mitigating potential market volatility. These steps solidify Everlodge's appeal as a promising cryptocurrency worth considering. Beyond its core offering of fractional ownership, Everlodge presents a range of enticing features. These include a dedicated loan platform, a reward club, discounted rental fees on co-owned properties, trade discounts, a marketplace, and a launchpad for aspiring property developers. These additional features further underscore the overall value proposition of Everlodge, making it an attractive choice for investors seeking exposure to the real estate market in a novel yet dynamic way. Avalanche (AVAX) Faces Uncertain Price Outlook as Bullish Momentum Depreciates After recently trading above a weekly high of $43, Avalanche (AVAX) price has made a sharp turn towards the downside. Notably, AVAX token has lost almost all its weekly gains as it makes its way back to the weekly entry point around $38. Currently trading above $39, with a weekly price range of $38.7 to $39.5, the Avalanche token has managed to retain some positivity, with a modest increase of just over 1.50% over the past week. In contrast, earlier in the week, the AVAX token surged by as much as 21%, soaring from $35.8 to $43.0. However, given the recent decline in AVAX token price, it remains uncertain whether the token can maintain stability around its initial weekly entry point or if the ongoing dip will lead to further declines in the near future. Cardano (ADA) Faces Uncertainties As Price Fluctuation Looms Cardano (ADA) is also experiencing price fluctuations, although it has not suffered significant losses. The weekly price chart for ADA still shows a nearly 10% increase. However, when compared to its peak price of $0.61, which represented a gain of over 15% at the time, it is evident that ADA is struggling to maintain stability. Currently trading above the $0.58 level, with a weekly price range of $0.53 to $0.59, the ADA price demonstrates relative stability while continuing on a reversal trend. Looking ahead, Everlodge presents more promising prospects compared to several other top crypto coins as it prepares to list on additional top-tier exchanges. This not only provides potential investors with an edge against market fluctuations but also positions Everlodge in a more lucrative landscape compared to tokens like AVAX and ADA. For more information about Everlodge (ELDG) please visit their website. Everlodge provides you with a seamless approach to fractional investing in vacation rentals, eliminating the complexities associated with traditional real estate investment. Our innovative platform revolutionizes the way people invest in second homes. Disclaimer: Digital currencies may be unregulated in your jurisdiction. The value of digital currencies may go down as well as up. Profits may be subject to capital gains or other taxes applicable in your jurisdiction. Contact Details Brett Company Website

February 20, 2024 10:00 AM Central Standard Time

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REEP Equity to Host Webinar About Multifamily Trends & Strategies for 2024

REEP Equity

Real Estate Equity Partners ( REEP Equity ) announced “ Unraveling the Multifamily Market: Trends & Strategies for 2024,” a live webinar that will take place on February 29, 2024. Anyone curious about investing in multifamily real estate in Texas is invited to register for the free event and tune in at 7:00 p.m. CST to learn from REEP Equity founders Jacob and Arleen Garza, as well as special guest Mark Brandenburg, Senior Managing Director at JLL Capital Markets. Those with questions about the multifamily market, seeking emerging investment opportunities in Texas, or those hoping to better understand fluctuating interest and cap rates are invited to attend. Webinar attendees can expect to learn the following: The benefits of multifamily investing with a trusted operator The economic forces that drive the Texas multifamily market and how Texas differs from the national market Owner strategies for buying and financing deals in the current market Market dynamics and how the ever-shifting trends can inform and help your investment strategies “There is so much noise in the media about multifamily. Many are unsure what to believe or who to trust. We’re excited to pull back the curtain for curious investors and share our thoughts and insights to help provide clarity,” said Jacob Garza, Founder of REEP Equity. “We often get asked, ‘Is multifamily in Texas a good investment? What great opportunities are you seeing?’ and ‘What strategies do you recommend for the best returns?’ We’ll answer these questions and more on February 29,” said Arleen Garza, Founder of REEP Equity. REEP Equity was founded in 2012 by Jacob and Arleen Garza, who are experts in acquiring multifamily properties in Texas that are underperforming but nevertheless generate income. Since its founding, REEP Equity has bought, sold, and managed $720M worth of multifamily assets across San Antonio, Houston, and Austin. The company has taken nine properties full cycle, with an average historical investor return of 2.17 x equity multiple, an average of 24% IRR, and 34% AAR. Its current portfolio includes 23 properties with a total of 4,171 units. Mark Brandenburg is a Senior Managing Director in the Dallas office of JLL Capital Markets, Americas. He has been involved in commercial real estate since 2000, with his primary area of responsibility being the capitalization of commercial real estate, including multi-housing, office, retail, industrial, mixed-use, hotels, seniors housing, and self-storage. Mark has facilitated structured finance solutions in conventional permanent financings, joint ventures, mezzanine debt, bridge loans, and construction financing. Over his time with JLL, Mark’s direct transactional experience exceeds $3.5 billion. The webinar is free to attend. Learn more and save your spot here. To learn more about REEP Equity, visit To learn more about JLL Capital Markets, visit About Real Estate Equity Partners Real Estate Equity Partners (REEP Equity) is focused on acquiring underperforming, income-producing, multifamily investment opportunities in Texas. Headquartered in San Antonio, REEP Equity is vertically integrated with its in-house management company, REEP Residential, and this unique setup allows the two enterprises to work together, ensuring that the entire acquisition process is effectively managed, thereby creating value for investors while improving tenants' lives. Since its establishment, REEP Equity has bought, sold, and managed 5,500+ units, taking nine properties full cycle. About JLL Capital Markets For over 200 years, JLL Capital Markets (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage, and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, its more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by the company’s purpose to shape the future of real estate for a better world, they help their clients, people, and communities SEE A BRIGHTER WAY SM. Contact Details Ilissa Goldenberg +1 973-769-6108 Company Website

February 20, 2024 10:50 AM Eastern Standard Time

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Price Rally for Cardano (ADA) and Uniswap (UNI) Signals the Start of Alt Season, Everlodge (ELDG) Prepares for Tier-1 Listing


Several tokens in the crypto market are experiencing bullish sentiments, which experts believe could be the start of the alt season. Some of these tokens on a rally include Cardano (ADA) and Uniswap (UNI). Meanwhile, following the end of the Everlodge (ELDG) presale, the token has been listed on Uniswap and looking forward to listing on other tier-1 exchanges. Its surging momentum has put it on the investor's list of top cryptos to invest in 2024. Everlodge (ELDG) Continues its High Sales Despite Conclusion of its Presale Phase Everlodge (ELDG) has continued to see a significant uptrend in the number of investors buying the token on Uniswap. As a result, the Everlodge project is looking to expand its reach by listing on other mainstream tier-1 exchanges in the coming months. Meanwhile, the increased buying by investors is tied to ELDG's massive potential for growth. Having already generated up to 190% ROI for early investors, ELDG is on course to oversee over 350% growth within the year. This makes ELDG one of the top cryptos to invest in 2024. For context, Everlodge is a platform that's looking to positively change the way individuals invest in real estate assets by making them affordable, secure, and profitable. To achieve this, Everlodge has created fractionalized NFTs, which are backed by multimillion-dollar real-world property assets from across the globe. As such, investors who buy these cheap fractionalized NFTs will co-own parts of luxury properties and benefit from the revenue that the properties will generate. With as little as $100, investors can purchase the NFTs that represent these properties. With this investment model, individuals will not need exponential capital before they can invest in real estate. As the value of these properties increases so will the NFT values increase. Meanwhile, the ELDG native token of the Everlodge ecosystem has been making waves in the market, having just concluded its presale phase. With its massive growth potential, investors are buying more ELDG to position for the potential price gains coming soon. At the price of only $0.022, ELDG represents one of the top cryptos to buy now for massive gains in 2024. Positive Price Trajectory for Cardano (ADA) Despite Dwindling Trading Volume Cardano (ADA) is on another round of bullish rallies, having witnessed a retracement in January. While the token has been on a rally in the past week, the Cardano trading volume has been on a negative growth in the same timeframe. For context, the price data from CoinMarketCap shows that Cardano has gained up to 10% within the last week. Meanwhile, the trading volume has been on a 30% decline on a day-to-day average since last week. While the declining market activity is a factor that might impede the growth of Cardano, experts believe the bullish momentum of the token will persist for the time being. As such, experts are predicting a 50% ROI from Cardano tokens before the end of Q2 of 2024. Will Uniswap's (UNI) Current Bullish Sentiment Propel it Above the Resistance Level? The price value of Uniswap (UNI) has been on a significant uptrend trajectory since the start of February. According to the market stats, Uniswap has gained over 16% in price value within the last week. This puts the token on the verge of matching its year-to-date price peak of $7.8, which it attained on December 29th, 2023. Meanwhile, the Uniswap trading volume has been on a decline in the past 7 days, thereby arousing fears of a potential bear trend for the token. Nonetheless, experts believe it is only a matter of time before the Uniswap token surpasses the $8 resistance level. For more information about Everlodge (ELDG) please visit their website. Everlodge provides you with a seamless approach to fractional investing in vacation rentals, eliminating the complexities associated with traditional real estate investment. Our innovative platform revolutionizes the way people invest in second homes. Disclaimer: Digital currencies may be unregulated in your jurisdiction. The value of digital currencies may go down as well as up. Profits may be subject to capital gains or other taxes applicable in your jurisdiction. Contact Details Brett Company Website

February 19, 2024 09:00 AM Central Standard Time

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Kirk Morrison Helps Launch 29th Annual Kickoff to Rebuild Event During Super Bowl Weekend


Rebuilding Together, a leading national nonprofit organization dedicated to repairing the homes of people in need, partnered with Lowe’s, the Official Home Improvement Sponsor of the NFL, for the 29th annual Kickoff to Rebuild event during Super Bowl weekend. As part of the event, former NFL player, Kirk Morrison, teamed up with Rebuilding Together President and CEO, Caroline Blakely, and Lowe’s Home Improvement District Manager, John Sayre, on a satellite media tour to discuss the event and the important work being done nationwide. A video accompanying this announcement is available at: In neighborhoods nationwide, more than 2.6 million homeowners live in deteriorating, physically inadequate homes that threaten their health and safety, including those near Allegiant Stadium, the site of Super Bowl LVIII. Having a safe and healthy home is foundational to so many aspects of our lives, from a sense of community and safety to physical and mental well-being, to economic security and independence. Through its national network of affiliates, Rebuilding Together works proactively and collaboratively with community leaders, long-term residents, funders, and volunteers to foster dialogue and create safe, healthy communities across the country. Kickoff to Rebuild represents Rebuilding Together’s belief that every neighbor should have the opportunity to live in a safe and healthy home and community, and to remain in the places they call home. To date, through Kickoff to Rebuild, Rebuilding Together has made improvements to more than 176 homes, engaged 5,200 volunteers, and invested $6 million to communities in need. Lowe’s has partnered with Rebuilding Together since 2007, and has worked together to revitalize communities and improve the lives of thousands of our neighbors over the years. In 2023, Lowes announced a two-year, $6 million donation to Rebuilding Together to address urgent housing challenges by providing safe homes for veterans, seniors, people with disabilities, families with children, and neighbors impacted by disaster. This year’s event was led by the nonprofit’s local affiliate, Rebuilding Together Southern Nevada, which has helped provide more than 7,800 Las Vegas families with safer community spaces and healthier homes over the past 30 years. As part of this project, volunteers, local contractors and members of the community came together to provide essential repairs including roof and door replacements, extensive bathroom upgrades, exterior painting, landscaping improvements, and new water heaters all at no cost to the homeowners. Additionally, the Boys & Girls Club of Southern Nevada’s John C. Kish Club received a fresh coat of paint to its large gymnasium to provide a safe and enjoyable place for youth to play, learn, build relationships and grow. To learn more, and to find out how to get involved, visit Contact Details YourUpdateTV +1 212-736-2727

February 13, 2024 11:53 AM Eastern Standard Time

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Comcast Twin Cities

Comcast today announced the opening of its newest Twin Cities area Xfinity Store in Eden Prairie, Minnesota. Located off bustling Commonwealth Drive, the space is thoughtfully designed with the customer experience at the forefront, providing an opportunity to explore and interact directly with the latest Xfinity products and services. The store is located at 8266 Commonwealth Dr, Eden Prairie, MN 55344, and is now open to the public. This opening marks the 15 th Xfinity Store in the Twin Cities metro area. With a modern and open environment that highlights Comcast’s entertainment and technology offerings, the new store encourages customers to work with dedicated store employees and interact with the latest Xfinity products. Products range from internet, video, connected home solutions, Xfinity Mobile, a flexible and affordable wireless plan, and Comcast Business solutions, including new mobile offerings for any size business. The store is equipped to host live demos and provide hands-on account management services. Customers can also conveniently book appointments online ahead of time through Xfinity’s website. “We are happy to welcome Comcast to Eden Prairie as the location for their newest Xfinity store,” said Pat MulQueeny, President of the Eden Prairie Chamber of Commerce. “The Chamber knows how important access to the newest technology is, and with the store’s prime location, it is easier than ever for Eden Prairie customers to access the latest technology and stay connected.” Comcast has also further invested in the Eden Prairie community by donating $5,000 to the Eden Prairie Crime Prevention Fund for their annual youth Safety Camp, where children learn about safety from local police, fire, and recreation departments. “We are thrilled to bring this new state-of-the-art store to Eden Prairie,” said Rachel Johnson, vice president, Sales and Marketing, Comcast Midwest. “Xfinity’s unprecedented coverage is only getting faster, smarter and more reliable, and it is exciting to see more and more communities taking advantage of our unmatched products and services.” The store is open daily from 10:00 a.m. to 8:00 p.m., Monday through Saturday and 11:00 a.m. to 6:00 p.m. on Sunday. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit for more information. Contact Details Jill Hornbacher +1 651-425-1695 Company Website

February 08, 2024 08:00 AM Central Standard Time

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California Couple Loses Home Due to Blatant Bookkeeping Error by Specialized Loan Servicing, LLC

Law Office of Lorden and Reed

In a distressing incident highlighting the critical impact of administrative errors in mortgage servicing, a now-separated couple from Palmdale, California, has filed a multi-count lawsuit against Specialized Loan Servicing, LLC (SLS). The lawsuit, filed in California State Court, alleges breach of contract, theft, and several other counts, accusing SLS of negligence as the mortgage servicer added a quarter of a million dollars to the couple’s mortgage – leading to their financial and personal ruin. The couple is represented by the Law Office of Lorden and Reed. Michael L. Russell and Renita Y. Russell, the plaintiffs in this case, claim that SLS's incompetence and negligent bookkeeping forced them into bankruptcy and later to a short sale of their home. This resulted in a significant loss of equity, estimated to be in the hundreds of thousands of dollars, and severe emotional distress, which contributed to the dissolution of their over 20-year marriage. The Russells' story began in 2004 when they purchased a four-bedroom home in Palmdale. SLS took over the servicing of their loan in 2014. Following a loan modification in 2015, SLS erroneously added over a quarter of a million dollars to the loan balance. By 2018, SLS claimed the Russells were in default by $69,332, and by early 2019, the indebtedness purportedly reached a staggering $946,239. Despite their efforts, including filing for Chapter 13 bankruptcy and making consistent payments towards their mortgage, the couple's attempts to resolve the issue through legal counsel and requests for an accurate accounting from SLS were fruitless. The inflated loan balance led to a forced short sale in April 2022 to avoid foreclosure. A year later, SLS admitted they were wrong but refused to accept responsibility for their egregious actions. The consequences of SLS's actions have been devastating for the Russells. They lost approximately $300,000 in home equity and faced excessive housing costs, moving and storage expenses, attorney fees, and litigation costs. Moreover, they have endured severe mental and emotional distress, resulting in the breakdown of their marriage, significant damage to their credit, and the loss of their home. SLS, in their capacity as the mortgage servicer, was acting on behalf of Deutsche Bank National Trust Company. Last year, Rithm Capital Corp. announced it would acquire Computershare Mortgage Services Inc. and certain affiliated companies including Specialized Loan Servicing LLC. The lawsuit includes counts of breach of contract, negligence, negligent misrepresentation, intentional misrepresentation, unfair business practices, unfair debt collection, theft, and other counts. The Russells seeks restitution of all monies paid to SLS in excess of the actual amount owed, compensatory damages, and punitive damages. The Russells wish to hold SLS accountable for the irreparable harm caused by their alleged negligence and to warn others of the potential risks involved in mortgage servicing errors. Download a copy of the legal filings here and at Contact Details JOHN P DAVID +1 888-859-6637 Company Website

February 05, 2024 02:45 PM Pacific Standard Time

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