Tag Archives: real estate loans

And The Winners Are: Ugliest Houses in America

DALLAS, Aug. 25, 2011 /PRNewswire/ — The people of America have spoken by casting their votes in the 2011 “Ugliest House of the Year” contest.  The winners are featured at www.TheUgliestHouse.com.

The contest is sponsored by HomeVestors of America, Inc., known as the “We Buy Ugly Houses®”company, with participation from franchises in various U.S. markets.

“We’re proud to sponsor a contest that celebrates ugliness, recognizing that even the ugliest house on the block has the potential to be transformed into a lovely home,” said David Hicks, co-president of HomeVestors of America.  “If you’re the owner of an ugly house and have any doubt about whether someone wants to buy it, call HomeVestors at 1-800-44-BUYER (28937).”

The 2011 “Ugliest House of the Year” contest was open to the public, who could vote after viewing photos and property descriptions on the HomeVestors® website.  Nominees were selected from a call-for-entries inviting all real estate investors in participating market areas to submit the ugliest houses they had bought at any time between March 1, 2010 and May 15, 2011.  Most of the houses nominated have since been rehabbed and transformed into lovely homes, with some sold on the retail market and others maintained as rental properties.

Dallas-based HomeVestors of America, Inc., the #1 buyer of houses in the U.S., was incorporated and began franchising in 1996.  The first franchise real estate investment company, HomeVestors trains and supports franchisees that specialize in buying older homes in need of repair or updating, and rehabbing them.  Most commonly known as the “We Buy Ugly Houses” company, HomeVestors strives to make a positive impact in each community.  In 2010, for the fifth consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com .  To learn more about the HomeVestors franchise, visit www.HomeVestorsfranchise.com .

SOURCE HomeVestors of America

CONTACT: Cary Brazeman,             +1-310-205-3590      , [email protected], for HomeVestors of America

Renewed Calls on Obama and Democrats to Focus on America

NEW YORK, July 21, 2011 — Leading Independent and Senior Energy Executive Karl W. Miller today renewed calls for President Obama to start listening to senior industry executives and experts, resolve the U.S. real estate crisis, address depression era unemployment and put a credible national energy plan in place. The debt limit sideshow is a “red herring” and deferring focus away from the true problems facing the U.S. economy.

According to Mr. Miller:

The U.S. economy runs on three key factors: i) a stable housing market; ii) affordable and dependable energy supply; and iii) stable employment environment. Without these three critical factors functioning properly, there will be no meaningful economic recovery in the U.S. economy.

The U.S. Federal Reserve must stop subsidizing the defunct real estate loans in the residential and commercial marketplace which must be properly vetted, written down to net realizable value, and moved off the banks, hedge funds and insurance company books.

The U.S. regulators must force this to happen without preference for any specific group. There will be bankruptcies, bank failures and forced liquidations; these are the cold hard facts of a capitalist society, which the U.S. economy is founded upon.

Politicians must acknowledge where the U.S. economy and energy industry are today. We have serious and deep-rooted problems with no credible national energy plan in place and must start addressing these problems immediately.

The U.S. needs a credible and sensible energy policy and emissions plan. Subsidies and handouts do not work, never have and never will. Natural gas is not the “Holy Grail” but will remain a power generation fuel, heating fuel and select industrial manufacturing fuel. The U.S. has substantial cheap and dependable coal supplies which provide over fifty percent (50%) of the nation’s electricity generation.

President Obama and the Democrats failed to “recognize” the message that the American people sent them in November 2010 as the economy continues to decline, unemployment continues to grow and the real estate crisis continues to worsen.

It is time for Washington to take stock in America and start executing on a credible business plan. Failure to execute is cause for termination in Washington.