Industry Icon Takes Inventory of Housing Market – Bank of America Named Partner in Five Counties
April 30, 2009
Greg and Ira Norris of Horizon Communities form new business venture, Special Asset Solutions
Drawing on more than four decades of construction, sales and marketing experience, homebuilding icon Ira Norris has formed Special Asset Solutions with his son Greg. Taking inventory of the housing market, both literally and figuratively, while addressing the needs of financial institutions and brokers across the Southland, Ira and Greg Norris have teamed with one of the nation’s preeminent housing lenders, Bank of America, to provide a turnkey service of renovating, then selling the company’s distressed real estate assets.
“We’re proud to unveil our new business venture to banks, brokers and receivers across Southern California. At Special Asset Solutions, we combine critical experience and proven performance to help preserve real estate assets for the short-term and beyond,” explains CEO Ira Norris.
The company’s proven success in a cyclical market is a credit to its multi-disciplinary approach that ensures a streamlined service of converting challenging properties to a saleable state. Not only does Special Asset Solutions utilize a team of experts to accurately evaluate each property, but it also expedites required governmental approvals, performs extensive market research and offers greater value to homeowners through such added benefits as home warranties.
Realizing the advantages of such an efficient and cost-effective service as Special Asset Solutions, Bank of America has hired the newly formed company to help revitalize and sell distressed properties in Ventura, Los Angeles, San Bernardino, Riverside and San Diego Counties.
Adds President Greg Norris. “Change has come to the housing market with Special Asset Solutions. Through such turnkey services as asset evaluation, construction estimating, design build, value engineering, project management and FHA 203K specialization, we bring distressed assets to a marketable state, enabling companies like Bank of America to begin selling quickly,”
Both Ira and Greg are leveraging decades of experience in the competitive homebuilding industry to their clients’ advantage, while capitalizing on key relationships they have developed over the years.
According to City Manager Jim Hart, “Ira and Greg Norris have always been good citizens and partners with the City of Adelanto, and have worked cooperatively with the City Council, City Manager and staff since the early 1990s. Based on their history and solid reputation, it is with great pleasure that I recommend Special Asset Solutions to businesses looking for sound solutions to their housing challenges.” To partner with Special Asset Solutions, call (909) 986-7405 or visit SpecialAssetSolutions.net.
