Franchise News Release: Dallas , TX - (Sep-6-2007)

HomeVestors® to Award Franchises in Idaho and Iowa

HomeVestors® of America, Inc., the company famous for its "We Buy Ugly Houses"® billboards, has announced that it will begin awarding Franchises in Idaho and Iowa effective immediately.

Ranked as one of the fastest-growing companies in the real estate industry, HomeVestors is the only national Franchise that specializes in buying, rehabbing and selling single-family homes. The company currently has more than 270 franchise locations serving 35 states.

"We're expanding from coast to coast," said John P. Hayes, president and CEO of HomeVestors. "Our franchisees have bought more than 30,000 homes and have transformed neighborhoods across the nation. Now we're ready to make a positive difference in Idaho and Iowa."

Jason Killough, director of franchise development for HomeVestors, said prospects have already expressed an interest in purchasing a HomeVestors franchise in those states. Applicants for a HomeVestors franchise must have a minimum of $200,000 in cash or lines of credit and pay a $49,000 franchise fee. Candidates who are awarded a franchise attend two weeks of business training at HomeVestors' corporate headquarters before opening their local operations.

Prospective franchise owners can contact Killough at (888) 701-3888.

About HomeVestors of America, Inc.
Founded in 1989 and Franchising since 1996, Dallas-based HomeVestors® of America, Inc., has more than 270 franchises throughout the United States. The first Franchise Company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the "We Buy Ugly Houses"® franchise, HomeVestors® strives to make a positive impact in each community.