American Residential Equities LLC, Miami, has announced a passive investment in Strategic Recovery Group LLC, Plano, Texas, that it says will enable SRG to expand its "high-touch" specialty servicing of nonperforming residential mortgages.The amount of the investment was not disclosed. The capital infusion will allow SRG to apply its technology and business process in earlier stages of management and servicing for delinquent residential mortgages held by ARE and others, ARE said. "We believe that there is a significant and growing demand today for premium servicing and specialized loan collections," said Jeffrey Kirsch, ARE's chief executive officer. The companies can be found online at http://www.arenow.com and http://wwwsrg-i.com.
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