Austin, TX (PRWEB) August 27, 2013
Visio Financial Services (VFS), a financial lender for real estate investors purchasing distressed and foreclosed single-family properties, is expanding its lending services to 35 states with the launch of its website: http://www.visiolending.com/.
According to Jeff Ball, CEO of Visio Financial Services and Econohomes, the expansion comes at a pivotal time in the ongoing recovery of the real estate market. “Foreclosed and distressed homes in the sub-100k market continue to pose problems for communities,” Ball says. “This space remains capital starved because it is prohibitively expensive for traditional lenders to make small loans to investors seeking to turn distressed properties back into livable homes. With the launch of visiolending.com, we can now reach more residential real estate investors seeking a fast, simple and dependable borrowing experience.”
Econohomes, which was just ranked #117 on the 2013 Inc. 500 list, and VFS have bought, sold or financed over $240 million of homes nationwide. “Our past experience working with small residential investors has led us to create a suite of loan products perfectly suited for the purchase of REO or physically-distressed single-family properties under $100k in value,” notes Ball. “Real estate investing should focus on the property, which our loans do. This means that, unlike traditional banks, we do not require credit checks, credit reporting, income validation or asset verification.”
The VFS website allows residential property investors in 35 states to fill out an online application to finance single-family residential properties, with VFS funding a property in as little as two weeks. In addition to standard purchase loans, VFS offers refinance (“cash-out”) loans on single-family investment properties.
For a list of the states currently served by VFS, as well as information about its 4-step residential property loans, please visit: http://www.visiolending.com/.
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About Econohomes & Visio Financial Services
Ranked #117 on the 2013 Inc. 500 list and based in Austin, Texas, 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 properties since 2005, Econohomes is the alternative pipeline for distressed properties. Econohomes buys REO properties in volume at discounted prices from mortgage lenders and servicers, and almost instantly makes these properties available online to buyers at affordable prices.
Visio Financial Services, also based in Austin, Texas, is a sister company of Econohomes that is now able to provide flexible financing for purchases of any REO or distressed home in 35 states across the U.S. Loans from Visio Financial Services are available to any 3rd party with a fast and easy application that requires no income verification or credit checks. For more information about the flexible loans from VFS, please visit: http://www.visiolending.com/.