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Bulk Reo

For bulk reo buyers and sellers ! Feel free to post ideas, questions, properties you need, properties you have that others may want for their buyers, opportunities, etc. Let's network together for success.

Location: Nationwide
Members: 39
Latest Activity: Oct 20

Discussion Forum

REO Package/Notes

Started by Lora Cruz Nov 13, 2009. 0 Replies

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Comment by Amy Gerrits on November 23, 2013 at 10:03am
I HAVE A BUYER WITH POF AND NEEDS THE GUIDELINES BELOW... LET ME KNOW WHO I NEED TO TALK TO THANKS!



My guidelines for the bulk purchases are fairly specific. In addition to the $300k to $1.5/2M purchase price per unit of SFRs and MFRs, we obviously want them to have minimal rehab costs. Los Angeles County and Orange County, CA are the only approved counties for now. We can do single unit multiples but would obviously get better pricing power at multiple units and bulk sales. We are targeting 60% of appraised or Zillow for the bulk purchases, which we realize would keep us on the high end of the market. I've seen inventory from Chase at these prices so it is realistic with some hard digging.
Comment by ROSIO VIGUERAS on May 17, 2010 at 3:34pm
Thank you LaShea i will contact you shortly to get more info
Comment by Greg Gamble - Seattle Washington on May 10, 2010 at 6:23pm
Need Greater Seattle Based Bulk Sales

Representing two single all cash investors looking for multi-family or SF developments. Either not completed or un sold, are preferred. Town Home, Condo, Conversions, Single Family Developments.

$5,000,000 to $25,000,000 range.

King & Snohomish Counties preferred. Will consider other areas state wide on case by case basis.

Referral's paid at closing.

Send information to the following e-mail for same day response.


Thanks

Greg Gamble
Developer Services Group
John L Scott - Seattle Center
2601 4th Ave Suite 100
Seattle, WA 98121
greg.dsg@gmail.com
Comment by Cristina Navar on April 29, 2010 at 6:09pm
Highly recommend this conference with Bridge Asset Servicing Network, it’s going to be great! Just go to www.bridgeasn.com to submit your resume. This is a great opportunity!!!
Comment by George Beale on April 21, 2010 at 10:21am
April:

Going directly to banks or investment firms who owns the tapes is always the best policy. You get what you want in most cases, and get to cut out all the BS as well.

Regards,
George Beale
Chairman and CEO
The Millennium Capital Group, LLC.
http://www,millenniumcgllc.com
Comment by Deborah London on March 17, 2010 at 10:08pm
Hi Sima. It took me a lot of registrations with a lot of different sites to start getting BPO assignments. How many companies have you signed up with? Equator's assignments are impossible to grab because some agent (or agents has (or have) auto-acceptor software so within 1 second of Equator sending out the assignment notice, it is taken. I suggest you ignore Equator. The first company that I could grab assignments from is Pro-Teck. If you haven't signed up with them yet, I suggest you do. They are slow to pay, but otherwise, pretty decent to work with. By the way, if Pro-Teck finds out an agent is using the auto-accept software, they are terminated. Good luck!
Comment by Sima Saboury on March 15, 2010 at 10:44pm
Good eveining everyone,
I belong to Res.net, Equator, Titanium and noting yet no BPO nothing, I jsut spent $200 and bought 2 books from Frank Patrick, they called REO Renegades. I thought he will give me the name of asset manager and their contact info, instead i got only instrucion of how to do BPO and REO. I am not sure.... Any feed back will be appreciated.
Comment by Deborah London on March 15, 2010 at 2:51pm
I need an REO BULK buyer for nationwide product. It's FDIC, take-down of $1.8M; about 27 cents on the dollar. If you're a Buyer's rep or the buyer, please contact me! 310-808-3739 or dlondon@remax.net.
Comment by LaShea Miller on February 6, 2010 at 1:35pm
I am direct to a lender that sells Bulk REO packages nationwide. If interested contact me at lasheamiller@msn.com
Comment by Deborah London on January 12, 2010 at 5:07pm
I am representing a residential REO Bulk Buyer looking to invest almost anywhere in the US. His company is strong and purchases about $50M per month so I need a lot of help from you agents representing Bulk Sellers! He likes high values ($100,000+) per property; multi-state packages are ok. He prefers to deal directly with banks, if possible. If you have 5+ listings from one bank and we can custom "package" those together, that could work as a small transaction. Please contact me if you have a solid seller source-thanks!
 

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