Real estate agent Ken D'Angelo founded HomeVestors of America in 1996 and began franchising that same year.
[9][10] In 2004, Ken D'Angelo was diagnosed with terminal cancer, and in September 2004 national franchise consultant John Hayes took over as president and CEO.
[13] Holding company Franchise Brands LLC acquired majority interest of the firm on June 11, 2008.
[15] HomeVestors passed hands again on April 27, 2017, when it was purchased by the Los Angeles-based private equity firm Levine Leichtman Capital Partners and Management.
[16] The company provides franchisees with a proprietary software system, ValueChek, to evaluate single-family homes for repair costs and after-repair market value of a property.
[19] According to a 2023 investigation by Propublica, many HomeVestors franchisees "used deception and targeted the elderly, infirm and those so close to poverty that they feared homelessness would be a consequence of selling."