AUDIO: Mortgage meltdown prompts company to expand 10/08/2007 Central Valley Business Journal - AUDIO INTERVIEW Says foreclosure solution can be a win-win 'We rescue people out of ugly situations' Jason Killough The mortgage meltdown that has centered on California's Central Valley is offering an opportunity for a Texas company to expand into the Golden State. HomeVestors of America Inc. thinks it can find investors willing to buy franchises that buy, rehab and sell homes that are in some phase of the foreclosure process. The company says that helps bail out the homeowner while providing a chance of profits for the investor. "We rescue people out of ugly situations, people who need to sell their house quickly for cash," says Jason Killough, director of franchise development for HomeVestors. He says his company sees the large number of foreclosures in the Central Valley not as a negative but as a possible opportunity. "We see this as the best possible time ... as we enter the California market," Mr. Killough says. (Mr. Killough talks about his company's approach in today's CVBT Audio Interview. Please click on the link below to listen or to download the MP3 audio file to your iPod or PC.) Mr. Killough says the company plans to develop the Sacramento area first before expanding to other parts of California. The company says it has more than 270 franchise locations serving 35 states that have purchased more than 30,000 homes. Click here to listen or download (homevestors.mp3, 6.25 MB) <back