About Nova
I was sitting on the beach in Costa Rica in 2006, stuck between two career choices: raising venture capital for nanotechnology companies or following what I felt would be the biggest money generator of the next 20 years. So I gave up my place in medical school, which was supposed to begin in three weeks, to start my foreclosure investment company. The rest is history in the making.
I devour life. Taking a risk of this magnitude would either rocket me to the top of the mountain, or bring the mountain down on me. Everything comes down to one of those moments in your life, and this opportunity is one of those moments.
I have degrees in Psychology and International Conflict Resolution, and extensive training in clinical research focusing on Cognitive Behavior. This means I have skills in profiling and the ability to predict the next step in negotiations before anyone else at the table has had the thought. I run extensive statistical calculations to verify the bottom line of any deal. With the numbers ran; back ground research on the sellers done; I negotiate all deals using these skills; and it works to my clients loving praise.
In the News
I was privileged to be the subject of a Seattle Times story on September 24, 2008, titled Fannie’s little orphans. Here’s an excerpt:
“This is the real-estate bubble right here. This is where we went crazy. Look at this — it makes no financial sense!”
I am standing not in some penthouse shimmering in the sky. Or in a wine-cellared mega-mansion. I’m in the boxy confines of one of those houses that for decades has made up the vertebrae of this city.
Only this one, in Seattle’s Greenwood neighborhood, is $550,000 in hock.
“They’ll be lucky to get 370, 380 for it now. It got so far out of whack. Insane!”
That’s Nova Shank, 30. He calls himself “Seattle’s foreclosure specialist.” He’s kind of a repo middle man. He hunts “distressed houses” — on which the owner has defaulted — in hopes of scrounging one for a client to buy on the cheap.
(more at the link above)
