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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Other ways to source REOs? Posted by Buyer on January 09, 2010 at 4:25 PM In Reply to: Other ways to source REOs? posted by Alfred -- SoCal on January 09, 2010 at 10:19 AM : I've made over 20 offers in the last few weeks on REOs in LA county through a few different Realtors. None accepted. The competition is unbelievable. One REO came on line and within 2 hours the selling broker already had 38 offers! Is there any other way to access REOs other than through the brokers that the lender's asset management departments are working with? Any one willing to give a strategy or insider tip? Alfred, Its very competitive now that the RE recovery is obvious as prices had overcorrected to half their replacement value. I hope you loaded up your portfolio early last year when all the amateurs were too scared to buy and when there was little or no competition. What was your position on the market 10/08 to 10/09? Follow Ups: Re: Other ways to source REOs? Dennis 2:32 PM, 01/10/10 (2) Thanks Dennis... Alfred -- SoCal 5:57 PM, 01/10/10 (1) partner in crime Swan 6:51 AM, 05/29/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : I've made over 20 offers in the last few weeks on REOs in LA county through a few different Realtors. None accepted. The competition is unbelievable. One REO came on line and within 2 hours the selling broker already had 38 offers! Is there any other way to access REOs other than through the brokers that the lender's asset management departments are working with? Any one willing to give a strategy or insider tip? : Alfred, : Its very competitive now that the RE recovery is obvious as prices had overcorrected to half their replacement value. I hope you loaded up your portfolio early last year when all the amateurs were too scared to buy and when there was little or no competition. What was your position on the market 10/08 to 10/09? [ 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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