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Econohomes
Econohomes is a privately held company based in Austin, Texas, specializing in foreclosures, also known as real estate owned properties (REO), and specialty financing across the United States.〔(【引用サイトリンク】url=http://www.econohomes.com/about/vision )〕The company buys distressed residential properties wholesale and resells them online at prices under $100,000. Buyers are mostly made up of investors who renovate and resell or rent the properties.
==History==
The company was founded in 2006.Econohomes’ initial goal was to serve the deep sub-prime market by retailing affordable homes, but after the housing market crash in 2008, Jeff Ball, the current CEO, realigned the business model to sell to investors.〔(【引用サイトリンク】url=http://www.econohomes.com/about/history )〕〔(【引用サイトリンク】url=http://www.personalrealestateinvestormag.com/uploads/Articles/INVEST-igate%20Econohomes.pdf )〕
Jeff Ball is responsible for managing the day-to-day operations of the business, as well as spearheading our capital raising efforts. Most recently, Jeff was the Global Head of Semiconductor Investment Banking at JPMorgan. Jeff received his JD and MBA from Santa Clara University. He received his BA in Economics and Theology from Georgetown University. 〔(【引用サイトリンク】url=http://www.econohomes.com/about/leadership )〕
Econohomes offers full bilingual services and Spanish-language online information to help the Hispanic community buy more real estate as first time home owners and real estate investors. 〔(【引用サイトリンク】url=http://www.marketwire.com/press-release/econohomes-offers-bilingual-real-estate-services-help-hispanic-home-buyers-investors-1553790.htm )〕
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