New REO Packages Available Immediately

Following are new REO packages with some buyer friendly guidelines that make this process unique.

1. Package will go to highest bidder above stated LTV.
2. Sanitized tape available immediately to buyer or buyer’s rep only.
3. Bank rep will get on the phone with buyer only to discuss the process and pricing.  You should find this ideal as essentially buyer is getting on the phone with the seller without even presenting an LOI/POF needed at this point.
4. Full tape will then be provided to the buyer only with LOI, POF  & NCND.

NEWEST OPPORTUNITIES January 27, 2009

Northeast – 14 properties
BPO: $2,817,000
Price: Highest bid above 50% LTV
Bulk REO. Sanitized tape available for review. Full tape direct to buyer with NCND, LOI/soft POF.
Source: Financial Institution

Midwest – 45 properties
BPO: $3,625,300
Price: Highest bid above 33% LTV
Bulk REO. Sanitized tape available for review. Full tape direct to buyer with NCND, LOI/soft POF.
Source: Financial Institution

South – 34 properties
BPO: $3,747,353
Price: Highest bid above 45% LTV
Bulk REO. Sanitized tape available for review. Full tape direct to buyer with NCND, LOI/soft POF.
Source: Financial Institution

West – 27 properties
BPO: $6,882,900
Price: Highest bid above 53% LTV
Bulk REO. Sanitized tape available for review. Full tape direct to buyer with NCND, LOI/soft POF.
Source: Financial Institution

Buyers to add 3% for fees, 1 pt. available to Buyers Rep.

Contact me at bobbaumandeals @ gmail.com whether you’re interested in these particular packages or something we can custom compile for you.  We’re regularly getting inventory directly from the developer or REO packages from the bank and if we know in advance what you’re looking for you’ll be among the first to be notified.  Sweet spot is REOs & PN/NPN, both residential and commercial.