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First Preston Housing Solutions Names New President

""First Preston Housing Solutions, LLC"":http://www.firstpreston.com, a nationwide, full-service REO marketing, management, and real estate advisory services company headquartered in Addison, Texas, has named Michele John Kelaart its new company president.


Kelaart brings to the company 20 years of experience investing and managing distressed residential mortgages and REO inventories with a large multinational investment firm.

""Michele brings a global investment perspective to First Preston's operations and will deliver the portfolio strategies and solutions our clients need to make a positive difference in their performance,"" said Nancy T. Richards, CEO of First Preston Housing Solutions.

First Preston Housing Solutions' investment professionals have acquired and financed billions of dollars of distressed residential mortgages and REO assets, according to a recent statement from the company.

""My decision to lead this company is based on First Preston's record of accomplishment over the past 22 years and the innovative technology and strategies that simplify the short sale process and maximize the value of their client's REO inventories"" Kelaart said.

About Author: Heather Cernoch


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