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In this market environment, banks are foreclosing on homes in unprecedented numbers
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and subsequently are overwhelmed with bank-owned properties. Banks are not in the business of
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owning properties, they are in the business of lending money. Therefore, many of these
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bank-owned properties are sold in an "as-is" condition to large investors and hedge funds in
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bulk quantities at a substantial discount to fair market value. Most people cannot take
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advantage of this opportunity because the properties must be purchased as a group in the tens
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of millions of dollars or even hundreds of millions. Home Shop is the bridge for the
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"average Joe" or small investor to get in on the action. By acquiring these bank-owned
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homes in large volumes through our network of investors, fixing them up to FHA standards,
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and reselling them quickly to our Certified Buyers at a low "No Haggle" pricing target of 20%
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to 30% below fair market value, Home Shop enables "Joe the Plumber" to greatly benefit
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from the chaos in today’s environment.
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Our parent company, REOS.com, is a full service, Asset Management Company that assists banks
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and mortgage companies with sales of their Real Estate Owned (REO) properties.
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REOS.com, along with its affiliates, manages and sells between $150 million to $300 million
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a month in bank-owned properties across the nation. Including our affiliates, we have been
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in business since 2000 and have purchased and sold over $20 billion in bank owned properties
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since 2000.
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