HomeVestors to Launch REO Program July 1
Dallas—HomeVestors of America Inc., the company known for its “We Buy Ugly Houses” billboards, is introducing the HomeVestors Real Estate-Owned (REO) Program on July 1 to buy “ugly notes” from banks and financial institutions nationwide. With advertisements debuting in the Wall Street Journal, USA Today and financial trade publications, HomeVestors plans to buy performing notes, non-performing notes, and REOs on single-family homes that will expand the company’s inventory to HomeVestors’ franchisees.
HomeVestors will initially establish relationships with small- to medium-sized lenders to buy these notes in bulk and turn the properties over to the franchise network. The company also will launch a Web site at www.uglynotes.com to support the program and offer more information. –BizCom Associates
Dallas—HomeVestors of America Inc., the company known for its “We Buy Ugly Houses” billboards, is introducing the HomeVestors Real Estate-Owned (REO) Program on July 1 to buy “ugly notes” from banks and financial institutions nationwide. With advertisements debuting in the Wall Street Journal, USA Today and financial trade publications, HomeVestors plans to buy performing notes, non-performing notes, and REOs on single-family homes that will expand the company’s inventory to HomeVestors’ franchisees.
HomeVestors will initially establish relationships with small- to medium-sized lenders to buy these notes in bulk and turn the properties over to the franchise network. The company also will launch a Web site at www.uglynotes.com to support the program and offer more information. –BizCom Associates
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