DENVER, CO – July 22, 2011 – (RealEstateRama) — RE/MAX recently named Denver-based EquityLock Solutions as an Approved Supplier of Home Price Protection, which helps minimize the risk of real estate price fluctuations within local markets. Through this program, RE/MAX agents in the U.S. would be able to offer their clients this exclusive protection program.
As part of the RE/MAX Approved Supplier Program, EquityLock Solutions is among a very select group of businesses RE/MAX names as preferred vendors. Only 1 percent of applicants are accepted into the RE/MAX Approved Supplier Program. As part of the program’s rigorous review process, EquityLock Solutions demonstrated the distinct, measurable value Home Price Protection provides to RE/MAX agents.
“RE/MAX seeks out programs that benefit both our agents and consumers,” said Mike Reagan, RE/MAX Senior Vice President, Business Alliance. “EquityLock Solutions’ program can ease the fear of buying a house, especially in a market like this. And this program, along with the advice and consultation of a trained and knowledgeable RE/MAX agent, will help homebuyers know their equity is protected.”
EquityLock Solutions launched Home Price Protection nationwide on May 6. The product is a contract giving homeowners a financial return if the local House Price Index, as reported by the Federal Housing Finance Agency, is lower at the time of sale than when the contract was purchased. If eligible, contract holders receive a payout from EquityLock Solutions equal to the percentage of the local House Price Index decline multiplied by the value of the home when the Home Price Protection contract was secured.
“We designed Home Price Protection to help boost confidence among homebuyers, providing peace of mind that the value of their investment won’t decline as a result of factors out of their control, like the overall strength of the real estate market in their area,” EquityLock Solutions CEO and Co-founder T.J. Agresti said. “This relationship has huge potential when it comes to providing that peace of mind.”
Home Price Protection is available to homeowners who are currently purchasing or who already own their home. By working through a RE/MAX agent, sellers can include Home Price Protection in the sales contract as a buyer incentive, and buyers can purchase Home Price Protection directly from a RE/MAX agent.
About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as one of the leading real estate franchise companies with the most productive sales force in the industry and a global reach of more than 80 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $100 million for Children’s Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX. Please visit www.remax.com or www.joinremax.com.
About EquityLock Solutions:
EquityLock Solutions specializes in protecting consumers against one of their biggest financial risks through Home Price Protection. The company’s vision is to help turn around the current U.S. housing industry and restore homebuyer confidence in real estate values. EquityLock Solutions is led by an executive team with more than 100 years of collective experience in real estate, insurance, tax and law. For more information on EquityLock Solutions and its product offerings, visit http://www.equitylocksolutions.com.
Cory Jo Vasquez
Senior Public Relations Manager