Detroit Progress LLC Update

April 24, 2008 by · Leave a Comment 

The spring buying season is upon us and Detroit Progress LLC is making strides to ensure a profitable start. Detroit Progress LLC was incorporated on March 25, 2008 as a commercial real estate venture; the partnership between Edward F. Azar and David Pakhchanian will focus primarily on real estate owned (REO) homes. Our goals are to provide homeowners with the best quality home at a reasonable price, investors with the highest quality commercial properties, and ultimately benefit the Detroit, MI community.

Leader in the title insurance business since 1972.

We recently made alliances with two premier Michigan area companies. Our first and foremost concerns were assuring smooth transition of property deeds so we appointed the Philip F. Greco Title Company. The Greco Title Company is one the premier title companies in the Tri-county area. Founded in January 1972 by Philip F. Greco, it has been an exclusive agent for Chicago Title Insurance Company, part of the Fidelity National Financial, Inc, the nation’s largest family of title Insurer’s and a member of the Fortune 500. With over 300 combined years of experience within the title insurance industry, Greco Title is a leader in the Title Insurance business. With Greco Title company as our associate, Detroit Progress LLC will be able to handle a large volume of Real Estate transactions.

Plunkett Cooney, Law Firm, Michigan and Ohio Attorneys: Litigation & BusinessOur second concern was proper legal representation and corporate structure. For this concern, we have retained the services of Plunkett Cooney Law Firm. Established in 1913, Plunkett Cooney is one of the largest and widest-ranging law firms in Michigan. They offer a complete range of legal services in the area of real estate law, including purchases, sales, leasing, land development (commercial, residential and mixed use) and the financing transactions associated with such matters. Detroit Progress LLC will be working directly with two of Plunkett Cooney’s top Real Estate attorneys:

Michael J. HagertyMichael J. Hagerty, University of Detroit Law School 1978, joined Plunkett Cooney’s Title Insurance Law Practice Group after spending over 18 years serving as general counsel of Metropolitan Title Company. He has extensive experience representing title insurance companies; real estate buyers, sellers and developers; and lenders in transactional and litigation matters. Michael will be handling all matters in the area of Title Insurance Law.

Scott K. LitesScott K. Lites, University of Detroit, 1985, J.D., a member of the firm’s Business Law Practice Group, Mr. Lites focuses his practice in the areas of corporate law, banking and finance, real estate and healthcare law. Scott will represent Detroit Progress in contract negotiations that pertain to Real Estate transactions.

About is in the business of real estate investing in low-middle income housing within the Detroit area. We will be actively marketing both our wholesale and retail homes on the website along with updates on our progress. Our long term goals will be to provide low income housing to investors for the purposes of rehab, fix and retail single family homes, and acquire a large portfolio of residential homes.

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