Dynamic Ventures Corporation has announced their move into the real estate-owned (REO) market with the creation of a new division whose focus will be on the REO segment in the southwest United States. With REO property accounting for 80 percent of foreclosure sales in 2009 and foreclosures representing 45 percent of all home sales last month, Phoenix, Ariz. represents one of the highest concentrations of REO sales in the country.
"Banks are not in the real estate business and they do not want to hold onto foreclosed properties for an extended period of time. We believe that with our strong base of affiliated construction trades, we can quickly retrofit these properties to a marketable condition, turning them into walk-in ready homes and provide a quick turnaround on these foreclosed properties," said Dave Brown, vice president of business development for Dynamic Ventures. "With the substantive number of bank-owned properties in this area and our ability to provide fast, cost effective, quality construction solutions, we anticipate this new division will be a very profitable addition to our business portfolio."
Dynamic Ventures Corporation, soon to be renamed Bundled Builder Solutions, Inc., develops and markets efficient construction solutions for residential and commercial buildings. Its EZ-Build subsidiary offers a turnkey solution enabling the firm to custom design, manufacture and install complete LEED certified structures. The overall energy efficient, affordable, green, easy and quick construction approach offered by the EZ-Build system is unique in the industry.