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Brainiacs from Mars CEO Romeo Mendoza on how homeowners can get help with their mortgages by having ads painted on their homes.
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So you need your mortgage paid all have to do is sign up for advance at accompanying brainy acts from Mars came up with this idea to help homes -- risk of foreclosure.
It having me you're neighborhood -- turning houses into gigantic billboards and paying owners mortgages for up to a year.
See you think this sounds a little crazy well 42000.
People have RD applied to do it.
Here to explain his breakthrough in -- Fox Business exclusive is bringing.
Reminds you -- -- Thank you so much for coming on the show.
You from -- increases.
A quite a lot of people have said that they want to do this how were you surprised by how many people were interest and.
Yeah we were we were actually sure what to expect.
After the first three days -- -- 101000 applications and you know just shows your showed us firsthand that a lot of people really having hard time out there -- so is very surprising.
So you keep people's mortgages for up to a year rate.
Do you have -- people that want to advertise on the side of houses in order to fill that much demand.
We have 42000 applicants literally from all over the world I'd say 95%.
-- in the US.
We have -- as far -- Japan isn't Italy you you know the UK so.
There's a lot of people.
There's a lot of people that want their houses -- but what about the -- -- in this.
Yeah oh yeah oh most definitely loyalists have claiming they realize this is a home that attracts attention and so we have a lot of large brands that have come forward.
One advertise on the house so most definitely like who can you tell us about who might have who wants to direct.
We have a home improvement stores -- large discount retailers.
We have -- of movie studio that wants but some -- on there -- we have -- anything with anybody yet I think the first few homes -- gonna be brain -- from -- homes.
And then from Merrill sectoral and out.
Are you read any problems with -- -- aren't excited about this the second sees some folks thinking that maybe having their front of their neighbor's house payment with a giant has been you know based -- love our move our movie logo you know address is not great for the neighbor had.
Well you know we -- our first house here in Orange County which is right next -- corporate just kind of figure out what was gonna happen.
And we went in there without anybody knowing and so I person drove up -- two hours and job.
And people were definitely confused.
And I think a lot of -- -- from the fact that you know obviously these clothes are normal.
And known to explain its home.
But I want quite up to the homeowner you know the next or homeowner said you know my -- Romeo and response for this immediately relief.
And then once you sort explaining it to get it because the option is these guys are going to be there -- not gonna have a neighbor next door.
And the public -- it affects them in the pocketbook.
Foreclosure can drop the price of the home release a neighbor's home.
We've got to 220000 dollars and so this actually keeps home values up it's very bright but out there are but.
This keeps -- found in their house and it keeps money in the pocket.
So what that -- CDO did he say will you paint my house next.
Oh yeah it most you know a lot of these guys want a month -- you know yields in decades in -- -- if they could but.
If the most pre -- 990% are struggling homeowners that are near for closure.
At the brink of short sale and they need help.
You know kind of digging through -- -- Do not have to declare this is income just out of curiosity I mean how does that work from attacks -- bad news then there's got be a lot of details and had better talk to sort out.
Yeah I mean -- pretty much I mean we we pay for the mortgage front the entire year and yes I mean they would have to artisan.
-- yet we we did have one idea for you I don't know if you can see this picture from the bottom something that you could do yeah.
I can see it that I don't know.
Well ladies and -- pleasure of neat and a logo of the show but part of their house so.
I don't know you'll it will would do that you'll do okay don't talk after the show we're getting real pretty gorgeous -- -- -- -- Larry York's every time figure performing image of.
