Austin, TX (PRWEB) May 15, 2012
Econohomes, the leading online source for wholesale investment properties, was selected for a “Top 50 Real Estate Investment Opinion Maker & Market Leader” award given out annually by Personal Real Estate Investor Magazine. The company also reported stronger-than-expected April investment property purchases.
According to Jeff Ball, CEO of Econohomes, the national award is a sign that Econohomes is approaching the investment property foreclosures market with what the market wants. “We are honored to receive the award from Personal Real Estate Investor Magazine,” Mr. Ball says. “We see the award as validation of our strategy of offering a strong mix of quality REO listings along with flexible property financing programs that includes short and long-term amortizing loan options.”
Part of what has fueled Econohomes growth has been a volume-based purchasing strategy of houses in foreclosure across America. Mr. Ball notes that the company’s April purchases exceeded 200 investment properties across 34 states. Some of the locations with the largest number of REO listings were Rust Belt states like Michigan, Ohio and Indiana, although southern states like Georgia and Alabama also had a healthy number of houses in foreclosure. All of the April purchases are now available for viewing at the company’s investment property search website: http://www.econohomes.com/properties.
The “Top 50 Real Estate Investment Opinion Maker & Market Leader” awards recognize individuals and businesses that demonstrate a “vision, understanding, and a plan to bring investment services and products to” the market of individual real estate investors seeking both new and REO listings.
“Many of our customers seeking to purchase an investment property come from the communities where there are large concentrations of houses in foreclosure,” Mr. Ball says. “When we make a purchase, not only do we put up a For Sale sign, we also move it into our REO listings database as quickly as possible. Individual investors often seek us out because we have deep connections to real estate agents and repeat customers in the communities where we have already sold investment property.”
With over 5,000 sales of houses in foreclosure, Ball believes Econohomes has learned a thing or two when it comes to knowing the REO listings its customers want. With a balanced mix of desirable investment properties, flexible financing options to make the sale cash-flow positive from the start, and now an award from Personal Real Estate Investor Magazine, he makes a strong case.
Additional Econohomes highlights for the past 12 months include:
- Flexible short- and medium-term financing for all investment property including 3, 6, 9, and 12-month fully amortized loans and the new longer-term 3-year amortization loan with automatic annual renewals for up to two years.
- Expansion of the company’s REO listings in over 40 states across the U.S.
- Faster and simpler closing process with personalized support from the Econohomes full-service, in-house team of real estate and investment property experts.
More details on the Econohomes, its REO listings by community and its financing portfolio are available at http://www.econohomes.com/financing.
Econohomes unlocks the enormous potential of distressed properties for buyers, sellers, and communities. With hundreds of investment properties offered in more than 39 states and a proven track record of acquiring and selling thousands of houses in foreclosure since 2005, Econohomes is a trusted source of REO listings for personal investors. Econohomes buys REO properties in volume at discounted prices from mortgage lenders and servicers, and almost instantly makes these REO listings available online to buyers at affordable prices. Econohomes is the leading online source for wholesale investment property and property financing.