SilverLeaf Financial Discusses Their Purchase of 321 Single-Family Residential Mortgages

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Salt Lake City, UT, July 22, 2009 — SilverLeaf Financial LLC (http://www.SilverLeaf-Financial.com) announced today it has purchased 321 single-family mortgages. These 1st position trust deed mortgages are located primarily in Indiana and Ohio, with values ranging from $60,000 - $100,000. All of the mortgages are “non-performing” mortgages, meaning they are late on their payments, but have not been foreclosed on.

SilverLeaf will continue to focus on buying performing and non-performing assets from the FDIC, and other financial institutions. The underlying collateral is usually income-producing commercial properties located in the West and Midwest. To date, SilverLeaf has acquired more than $150 million in face value notes, and have “worked out” 65% of them.

The question many people may ask of SilverLeaf is what does SilverLeaf do with the note(s) once they have purchased them? There are multiple options. SilverLeaf can service the note and collect monthly payments, or work with the borrower to modify the loan amount and in turn refinance the loan with another lending institution (i.e. Bank, or Mortgage Lender) or SilverLeaf can foreclose on the property and sell it.

Each individual owner of these properties is in a different situation. Trevor Linton, SilverLeaf’s Director of Acquisitions, says, “The wisest thing to do would be to see what the outstanding balance is, how much the property is worth, the location, the condition of property, and discover why the owners are behind in their payments. Then make the appropriate decision on how we handle the situation.”

For more information on SilverLeaf, please contact the V.P. of Business Development, Colby Bond at (office: 801-359-2855) or (cell: 801-657-1678), Email: Colby@silverleafcompanies.com.

About SilverLeaf

Headquartered in Salt Lake City, Utah, SilverLeaf Financial is a private equity firm that focuses on purchasing pools of performing and non-performing 1st deed of trust loan pools from the FDIC and other financial institutions for the purpose of prompt monetization. For more information visit the SilverLeaf Financial web site: http://www.SilverLeaf-Financial.com.

Other press releases from SilverLeaf Companies

• SilverLeaf Financial Acquires 10.2 Million in Commercial Loans in Ohio - November 17th, 2009
• SilverLeaf Financial Acquires $30 Million in Commercial Paper in the Month of September - October 13th, 2009
• SilverLeaf Financial Acquires Loans in Jacksonville, FL and Farmington, UT - September 23rd, 2009
• SilverLeaf Financial Acquires More Commercial Assets in Massachusetts and California - August 31st, 2009
• SilverLeaf Seminars Is Giving Away a House - August 28th, 2009
• SilverLeaf Puts 321 Single-Family Notes Up for Sale to the Public - July 22nd, 2009
• SilverLeaf Financial Acquires 321 Single-Family Mortgages from Loans Originated by GMAC - July 13th, 2009
• SilverLeaf Financial Seeks to Raise Additional 100 Million in Investment Funds - May 27th, 2009
• SilverLeaf Financial to Be a Panel Participant in the IMN Forum in New York City - May 14th, 2009
• With the Slow Real Estate Market, Why Are More Agents Joining SilverLeaf Realty? - May 14th, 2009

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