Cory Fritzler of Swole Enterprizes Offers Solutions to Subprime Home Buyers
Dallas, TX -- As the fallout from the subprime mortgage crisis continues, potential home buyers are now facing tough underwriting guidelines from banks, making it more difficult to obtain home loans. As this trend continues, many real estate investors are creating opportunities for home ownership through owner financing and lease option purchases.
Such is the case with Cory Fritzler, a real estate investor and entrepreneur who owns and manages over 50 properties in the Dallas, Texas and South Florida areas. His unique financing programs are offering subprime buyers ownership opportunities, something that is becoming more difficult in the current real estate environment.
“Lending practices are getting extremely tight, making it difficult for someone with less-than-perfect credit to own a home,” said Fritzler, president of Swole Enterprizes, a Texas-based real estate investment company.
“Home buyers need to know there are options out there for them,” he added.
Specializing in single family homes, Fritzler’s owner financing programs require ten percent down and typically do not require credit checks or intrusive income verifications. In the event the home owner defaults on a loan after falling on hard times, Fritzler will often take the property back without damaging the buyer’s credit history.
“This is truly a win-win scenario,” he said. “If a buyer defaults on one of our properties, it normally won’t affect their credit -- that will not be the case with loans from traditional lending institutions.”
As the recipient of multiple awards for his work in real estate, Cory Fritzler has invested in many disadvantaged areas, helping to stimulate economic growth and prosperity in those regions. In 2005, working closely with FEMA, he provided housing to displaced victims of Hurricane Katrina.
“Our mission is to create wealth and well-being in multi-cultural neighborhoods,” said Fritzler. “We’re helping to stimulate and revitalize targeted neighborhoods through our unique home ownership programs.”
Fritzler is currently working with multiple private and non-profit developers on some larger upcoming projects and plans to further expand his portfolio of properties in the near future.
For more information, visit www.swoleenterprizes.com or call 561-479-4141.
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