HomeServices of America’s Real Estate Companies Provide Broad Range of Options on REO, Foreclosed Properties

September 2, 2008MINNEAPOLIS – With a network of 17,000 sales associates operating from 375 branch offices throughout 19 states, along with a vast relocation network, the real estate companies of HomeServices of America have become a center point for marketing distressed properties, on behalf of individuals and financial institutions.

As the nation’s second-largest real estate brokerage, and second-largest brokerage-owned provider of settlement services (mortgage, title, escrow, insurance), HomeServices is capable of providing a broad range of programs including management, rental options, sales and marketing – all of which are channeled through one avenue of accountability.

"Whether it’s an individual property or a portfolio of hundreds," states Ron Peltier, chairman of HomeServices of America, "our companies have the expertise and infrastructure to successfully manage virtually any scenario within this complex arena." HomeServices offers:

-Dedicated professionals within each real estate company, specializing in REO and foreclosed properties
-Specialized, asset-specific marketing (whether one property or large blocks)
-Specific Web site marketing for REO and foreclosed properties
-Specialized settlement services
-Regular reporting present, we are working with millions of dollars in foreclosed and REO properties across the nation," Peltier added. "These situations not only require great skill, but also resourcefulness and tenacity. We provide the necessary know-how, along with a wide range of settlement and ancillary services."

"When an individual investor or institution turns to a HomeServices company for assistance with these types of properties," said Joel Nelson, vice president of business development for HomeServices, "they have the backing of some of the industry’s most recognized and respected brokerages – companies that have been in operation for an average of 54 years. Potential buyers recognize these names and that recognition generates confidence."

"With our proficiency and national reach, we clearly have the capability to move quickly and efficiently, expediting the resolution process," concludes Peltier.

For additional information about these services or foreclosed and REO properties, contact Nelson at joelnelson@homeservices.com, or log onto any HomeServices of America company website listed here.

About HomeServices of America, Inc. HomeServices of America, Inc., based in Minneapolis, is the second-largest home services provider in the United States. Owned by MidAmerican Energy Holdings Company, an affiliate of Berkshire Hathaway Inc., HomeServices’ operating companies offer integrated real estate brokerage services, mortgage lending, title insurance, closing services, property and casualty insurance, home warranties and other home services. HomeServices was built through the combination of market-leading companies from across the nation with long-standing traditions for excellence. The average age of a HomeServices of America operating company is more than 50 years. HomeServices operates in 19 states under the following residential real estate brand names: Carol Jones REALTORS; CBSHOME Real Estate; Champion Realty; Edina Realty; EWM REALTORS; Prudential First Realty; Harry Norman, REALTORS; HOME Real Estate; Huff Realty; Iowa Realty; Jenny Pruitt and Associates REALTORS; Long Realty; Prudential California Realty; Prudential Carolinas Realty; RealtySouth; Rector-Hayden REALTORS; Reece & Nichols; Roberts Brothers, Inc. REALTORS; Semonin REALTORS; and Woods Bros. Realty. Information about HomeServices and the locations of its subsidiary companies is available at http://www.homeservices.com

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