Retirement planning Wednesday, January 23, 2013

Michael Figueroa was born in New York City, raised in Easton, PA. until he moved to Tucson Arizona in 1969 to attend the University of Arizona to begin his studies, initially in Chinese language and history, later business and law. In Tucson, Michael worked as a law clerk, insurance salesman, a real estate title company salesman, and obtained his own agent and brokers licenses in 1980. He formed and grew a private mortgage banking company that was severely hit by the 1987 recession. Michael then experienced multiple lawsuits due to all the issues that arise when a business goes bankrupt. In the 1990s, he self-educated himself how to buy properties in foreclosure, bankruptcy, IRS and estate tax sales, and how to buy and sell judgments. Michael has been involved in hundreds of foreclosure sales. By 2000 as the economy improved he syndicated and subdivided land in to building lots and helped to create a development company that raised in investor and bank capital over $100,000,000. This was unfortunately also hit by the recession of 2007 that we are still in. In his Philanthropic and community activities, Michael has served on the Naval Special Warfare Foundation (Navy SEALs) where he currently sits as an ambassador on the advisory board. He is also a member of the Tucson Police Foundation, manages a Brazilian Jiu-Jitsu academy, and served on the advisory board of the Yangtze International University in Nanjing, China. He is also a member of the Vatican Observatory Foundation.