Jay Heckendorn-Telenda - REALTOR ®
In 1989, Jay entered the real estate industry at the ripe age of 18 with the mission of "Outstanding Relationships Attract New Raving Fans Everyday", setting out his belief that ".....it's all about relationships". In light of the collapsing So. California market, Jay directed his energies towards assisting new home builders in closing out their standing inventory by means of equity trades, bulk sales and traditional marketing methods. Jay quickly caught the eye of various institutional lenders who subsequently enlisted his services in the management and sale of their real estate owned assets, representing lenders such as; R.T.C., F.D.I.C., Freddie Mac, PHH, G.E. Capital, World Savings & Loan/Golden West, Bear Stearns (EMC Mortgage), HSBC (Household Finance/Beneficial Mortgage), 1st Nationwide, California Federal Bank and CitiCorp. Mr. Heckendorn-Telenda went on to successfully form and manage several mortgage backed investment funds via private offerings. Jay has managed the disposition of over 5000 residential properties nationwide and is well versed in Foreclosure, Bankruptcy, Loss Mitigation and Workouts trends and processes. Mr. Heckendorn-Telenda also brings a strong background in valuation, renovation and disposition methods and techniques. Most recently, Jay has consulted for both the F.B.I. and the F.D.I.C. on the topics of mortgage and real estate frauds and the mortgage bailout plan respectively. In 2009, Mr. Heckendorn-Telenda was charged with the duties of valuation, mgmt and disposition of REO & non-performing notes in central Florida and bulk portfolios nationwide.