Blockchain Registration Transaction Record

Investor Trustee Services Founder Joins NAHR as Charter Member

Peter Quinones joins NAHR as Charter Member. Investor Trustee Services to acquire HUD-held mortgages, revitalizing distressed homes as attainable housing.

This news matters because it highlights a proactive response to the upcoming 21st Century ROAD to Housing Act, which restricts large institutional investors from buying single-family homes. As these big players exit the market, local operators like Peter Quinones and his company, Investor Trustee Services, are stepping up to revitalize distressed properties and return them to the market as attainable housing. This shift could lead to more homes being restored by local rehabbers, keeping investment and returns within communities. For aspiring homeowners, it may mean more opportunities to purchase renovated homes in desirable neighborhoods. For real estate professionals, it signals a potential increase in collaboration and business opportunities with local operators. Ultimately, this approach aims to address the housing shortage by focusing on existing vacant and distressed properties, turning them into livable homes for families.