Breaking News: Halo Companies, Inc. (OTCBB: GPAX)


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Breaking News:
Halo Companies, Inc. (OTCBB: GPAX)

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Halo Companies, Inc. (OTCBB: GPAX)

 

Residential Mortgage Meltdown Could See 11 Million Potential New
Foreclosures in the Next 18 Months

Halo Portfolio Advisors, LLC Signs Joint Agreement With National
Provider of Asset Management and Short Sale Disposition Services

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Press Release Source: Halo Companies, Inc. On
Wednesday February 24, 2010, 7:00 am EST

ALLEN, TX–(Marketwire – 02/24/10) – Halo Portfolio Advisors, LLC, a
subsidiary of href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1085&F=H">Halo
Companies, Inc.
(OTC.BB: href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1361&F=H">GPAX
- href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1363&F=H">News),
announced today that it has entered into a joint marketing agreement with
Employee Transfer Corporation, a nationally recognized provider of
relocation, REO asset management, and short sale services, headquartered in
Philadelphia, Pennsylvania. “It is a win for both organizations. Our
creative contact management and loan resolution solutions will bring loss
mitigation services to the agreement, while ETC, in conjunction with its
ETCREO Management division, will provide REO and short sale services,”
states Scott McGuane, president of Halo Portfolio Advisors, LLC.

The new agreement has been reached to enable both href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1085&F=H">Halo
Portfolio Advisors
and ETC to leverage the other’s capabilities and to
enhance and expand each entities product offering when marketing their
services to banks, hedge funds, and other financial institutions. Within
each new agreement for both existing and potential clients, Halo will have
exclusive authority over, and responsibility to, the client for all loss
mitigation services. These services will be provided primarily by Halo
Companies, Inc. subsidiaries, href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1360&F=H">Halo
Loan Modification Services, LLC
and href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1359&F=H">Halo
Credit Solutions, LLC
. The same agreement provides ETC exclusive
authority over and responsibilities for REO asset management and short
sale services.

ETC has a nationwide real estate broker network and focuses on
contracting with lenders to assist in the disposition of foreclosed
properties nationwide. Due to the recent increase of non-performing loans
in the marketplace, assistance is needed to deal with the volume. Halo
Portfolio Advisors offers a complete suite of mitigation services that has
the ability to serve a larger segment of the non-performing loan pools by
leveraging all the tools offered by Halo. With the new agreement in place,
ETC and href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1356&F=H">Halo
Portfolio Advisors
can market a more complete package to mortgage
portfolios stressed by non-performing loans. “We are confident the
combination of services the two companies offer together fulfill an
overwhelming need in the industry today,” confirms Frances Martinez Myers,
Senior Vice President of Employee Transfer Corporation.

About Halo Companies, Inc.

href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1358&F=H">Halo
Companies, Inc.
is a publicly-traded nationwide holding company
located in Allen, TX. Halo consists of nine subsidiaries that operate
primarily in the consumer financial services industry including debt,
mortgage, real estate, credit, loan modification, insurance, and portfolio
management. Halo has been recently recognized by Inc. Magazine, the
Comerica Bank Collin 60, the Capital One Bank Celebration of Enterprise,
and the SMU Cox School of Business Dallas 100. For more information about
Halo Companies, Inc., visit href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1357&F=H">www.myhalogroup.com.

Cautionary Language Concerning Forward-Looking Statements:

Information set forth in this press release contains forward-looking
statements that are subject to risks and uncertainties, and actual results
might differ materially. A discussion of factors that may affect future
results is contained in Halo Companies’ filings with the Securities and
Exchange Commission. Halo Companies, Inc. disclaims any obligation to
update and revise statements contained in this news release based on new
information or otherwise.

 

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href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=708&L=1086&F=H">http://www.stockguru.com/about/halo/

 

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