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The
Current Problem
Millions
of homeowners are losing their homes
due to rate resets, and lenders are forced to write off untold
billions of dollars.
In
California
, it takes a year or more after the last mortgage payment before a
home can be foreclosed, but the height of the rate-reset mountain
is only now being reached.
Result:
The rate of foreclosure will continue to climb for at least the
next year or two.
The
problem:
Lenders and mortgage servicers cannot manage their current REO
inventories effectively, and still face thousand upon thousand of
new home foreclosures, so . . .
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Inventories
continue to rise
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Foreclosed
homes are left vacant and deteriorating
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Communities
become run down
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Property
values are destroyed
The
Apollo Solution
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We
buy properties from the same sellers who deal in
billion-dollar packages to get best discounts, eliminating
multiple mark-ups and commissions through by-passing the
middlemen
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We
renovate every home so it looks great, both inside and out
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We
use the power of volume purchasing to reduce renovation
materials and labor costs
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We
get a 3rd-party inspection on every home, correct every
defect, and provide a home-buyer warranty on every Certified
Comfort-Ready Home™
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We
market properties with the most intensive, most innovative
program ever developed to promote the advantages of buying a
renovated, no-risk home
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We
organize to sell the vast majority of homes within 60 days and
every home within 120 days
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