We are direct to the seller of 868 nationwide REO properties. The BPO is $60.6 million with a selling price of $17.5 million (31% LTV). This price includes fees.
The procedures to secure this pool of properties are as follows:
- Submit NCND, LOI & POF
- Upon verification tape and purchase contract will be delivered to principal buyer ONLY. Private seller available for phone conference with buyer at this point.
- After 24-48 hour review period, buyer must execute purchase contract and enter escrow
- 10% escrow to be held by third party within 24 hrs of contract execution. Escrow receipt will be required.
- Escrow deposit is REFUNDABLE if seller cannot provide clear title. Escrow deposit will be NON REFUNDABLE after a 7 day due diligence period.
- Buyer is expected to close within 14 calendar days total after deposit.
- After buyer executes one transaction no further POF will be required
Contact me at bobbaumandeals @ gmail.com if you are interested and I will forward the paperwork to be completed.
Filed under: REO, real estate | Tagged: reo packages
