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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Bulk Reo Posted by Christophe Attard on September 13, 2009 at 3:48 PM In Reply to: Re: Bulk Reo posted by CS on March 13, 2008 at 6:43 PM Hi, I have a prime list of 4000 REOs properties that are not listed anywhere (no MLS, no website, no listing agent, no short sale, no bidding wars with other investors, no BS). THE GOOD STUFF These are condos, townhomes, land, SFRs or multifamily all over the US. There is no commercial. They are all vacant. The bank typically accepts ~30% discount of their asking price. The negotiation is done by email with the asset manager. You can buy as many you want. You secure the purchase price with a simple email; they remove the property from their inventory. After, you’ll need to provide a copy of earnest money, and proof of financing. They typically will provide their contracts within a week (10 days inspection, 30 day close, sold 'as is'). You pick up the title company and close. Easy! THE BAD STUFF I talked to the asset manager a few days ago and he said they are negotiating with a larger institution for all of their 4000 REOs, nationwide. I have been cherry picking some of them for my personal portfolio in CO but cannot do this anymore due to this serious time constraints and want to find buyers in other states. They may be all gone in a few days and this large buyer will use their listing agents to re-sell them. If you are interested to get the list of properties in your area and start your due diligence, let me know ASAP! Of course, I will need a Non-Circumvention, Non-Disclosure, Confidentiality, and Referral Agreement: http://greatdealscolorado.com/default_files/Mutual_NCND.doc If you are or have a real estate agent, we can work on a co-broker referral fee agreement too. If you are not ready at the moment, I wish you a happy investing :-) Christophe Attard welcometorealty@gmail.com Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Hi, : I have a prime list of 4000 REOs properties that are not listed anywhere (no MLS, no website, no listing agent, no short sale, no bidding wars with other investors, no BS). : THE GOOD STUFF : These are condos, townhomes, land, SFRs or multifamily all over the US. There is no commercial. They are all vacant. : The bank typically accepts ~30% discount of their asking price. : The negotiation is done by email with the asset manager. You can buy as many you want. You secure the purchase price with a simple email; they remove the property from their inventory. After, you’ll need to provide a copy of earnest money, and proof of financing. They typically will provide their contracts within a week (10 days inspection, 30 day close, sold 'as is'). You pick up the title company and close. Easy! : THE BAD STUFF : I talked to the asset manager a few days ago and he said they are negotiating with a larger institution for all of their 4000 REOs, nationwide. : I have been cherry picking some of them for my personal portfolio in CO but cannot do this anymore due to this serious time constraints and want to find buyers in other states. They may be all gone in a few days and this large buyer will use their listing agents to re-sell them. : If you are interested to get the list of properties in your area and start your due diligence, let me know ASAP! : Of course, I will need a Non-Circumvention, Non-Disclosure, Confidentiality, and Referral Agreement: http://greatdealscolorado.com/default_files/Mutual_NCND.doc : If you are or have a real estate agent, we can work on a co-broker referral fee agreement too. : If you are not ready at the moment, I wish you a happy investing :-) : Christophe Attard : welcometorealty@gmail.com [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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