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Lunch With Mat Grella
We had rhe graet opportunity to have luck with Mat Grella, the President of NEXA Mortgage at Capital Grille in Schaumburg, Illinois on Tuesday. Great food, great discussions, great live entertainment by our three-legged canine colleague Alexander Carlucci, and just a great time. 👍 Thank you Mat.
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8 Replies
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You guys seem like you had a great time.
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Nice picture. Seems like everyone had a great time.
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Awesome pic. Hope you all had a great lunch.
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Hope everyone had a great time. Lunch with the boss
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WHAT IS THE UPDATED LATEST NEWS ON MAT GRELLA, THE FORMER PARTNER OF MIKE KORTAS OF NEXA MORTGAGE. NEXA CEO MIKE KORTAS FIRED HIS JUNIOR PARTNER MAT GRELLA FROM NEXA MORTGAGE. MAT GRELLA, THE PRESIDENT OF NEXA MORTGAGE WENT ON HIS OWN AND SUED MIKE KORTAS AND NEXA MORTGAGE. CAN YOU PLEASE GET ME THE LATEST UPDATE ON MAT GRELLA?
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As of November 28, 2024, lawsuits involving NEXA Mortgage and its ex-president Mat Grella are ongoing. In Grella’s case, it was heard in Arizona. It was NEXA Mortgage who was in trouble as they filed an accusation against him that he had defaulted on a second hangar-office property, which he purchased for 24 million dollars. It bad-mouthed the company’s CEO, Mike Kortas. An Arizona judge dismissed this case in September 2024. It was not the first time, as the previous one was dismissed without prejudice because NEXA had filed for the dismissal, and the company had indicated that Grella still wanted to be sued on different grounds.
Nexa Mortgage Ordered To Pay Apprico Resources $2 Million Ends Mat Grella’s Brief Fame in NEXA Mortgage. This was followed up by his termination in March 2024, and so far, we have also witnessed the heated lawsuit fuming between Grella and Kostas. The legal tussle witnessed Grella dishing out accusations that Kostas improperly directed him to buy some airplanes without seeking his consent.
As of now, there are no public announcements, including possible new moves from Mat Kore and whether or not Grella would be on the receiving end.
NEXA Mortgage, through its legal representative, admits to the debt owed to MAT GRELLA, which constitutes the basis of the legal contest between him and them. The dispute began in November 2019 when Mr. Grella was the President of the Mortgage Company and was involved in the process of purchasing a hangar-office space for 24 million dollars. It is reported that the President of NEXA Mortgage, Mr. Kortas, referred to Mr. Grella’s actions as defamatory, leading to a lawsuit on September 24, 2024.
The events that followed in the mess created rang up to the decision to buy his stake in the company, which led Mr. Grella to Mcgbain Enterprises to file a lawsuit against Mike again, stating other reasons to While Mr. Grella sued the loan officer for infringement of its rights to buy an aircraft of his desire. It should be noted that Mr. Kortas illegally spent company funds fourteen times without the consent of Mr. Grella.
Without any additional developments on the news about Mat or his case, there have not been any recent public announcements regarding the update.
Most updates regarding this particular legal dispute will be dated on or after November 28, 2024. For instance, to present a case timeline, shifts between notable events may help illustrate that the case in the broader scope remains peripheral. Interesting details regarding NEXA Mortgage and the company’s President, Mat Grella, became available. According to available public records, the latest ruling on this matter was on September 2024, when an Arizona judge dismissed a legal claim against Grella that NEXA filed later, claiming damages related to failed transactions involving the CEO and purchase attempts of a hangar office.
Normal case proceedings involve plaintiffs and defendants submitting different documents with amendments before judges, which may define the case’s direction. At a certain point, there is a culmination when one of the parties has served or submitted all necessary documents, and the judge has to side with either one based on the available information. Exactly how Grella won this tough case remains unsaid by NEXA plaintiff markings targeted uniquely at the hangar office market, and the general location was mentioned in closing submissions. All that is known is that they were granted mild satisfaction after being dismissed without prejudice, allowing NEXA to amend and file new documents while seeking a new legal claim against NEXA.
Mat Grella had previously fired off and manually terminated his relationship with NEXA mortgage in March 2024 after buyout negotiations went sour for one of the involved parties. In a private lawsuit against CEO NEXA, Mike Kortas claims that several aircraft assets were purchased without his permission on behalf of NEXA. Korta denies all the claims made by Grella.
As the situation currently stands, neither of the two has made significant new changes or progress regarding the lawsuit-related matters. Mat Grella currently wants to be one of the key witnesses in any dispute case that might arise in the future.
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I heard Director of NEXA Academy Kristi Wake also got let go from CEO Mike Kortas of NEXA Mortgage along with former Junior Partner Mat Grella. Did Kristi Wake and Mat Grella start their own mortgage company?
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Yes, you heard that right! Mat Grella and Kristi Wake have started their own mortgage company after leaving NEXA Mortgage. They are now working on building something fresh and better in the mortgage market, utilizing their vast experience.
It’s always amusing how industry leaders turn out to reinvent themselves. Are they likely to succeed in this oven of a market?
Yes, their new ventures will succeed regardless of the bad mortgage markets with the ever-increasing rates. What do you think the names of their mortgage companies are? Did each launch its mortgage broker under which it filed a partnership, or did it select separate brands instead?
Kristi Wake and Mat Grella decided to start a new mortgage firm together. They are now compiling a mortgage by leveraging their functional and practical experiences.
As for the name of their new company, I was still looking foround specific information about it. Do you have any guesses or plans on what the name of their new venture would be?
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