This REO package is coming directly from a friend who is the owner; seller fell out so available NOW for cash buyer! This must close by end of business Friday, April 3rd.
There will be 3 points paid, 1 to buyers rep, 1 to intermediaries, 1 to sellers rep (me). They will pay an additional 1 point bonus, assuming the deal is closed at the asking price with $5M in escrow, that’s $50k, to YOU!
This package includes 70 pending sale contracts that are in place through a nationwide ReMax association. New buyer can choose to assume any or all of those contracts at their discretion.
Additionally, there is a turn key exit strategy in place that the new buyer can plug into if they choose. This could prove to be a tremendous benefit as it will help with the process of managing the assets for buy & hold and/or quick sale.
388 properties nationwide
Clear title
Independent BPOs price this at 20m
Being offered for 5m – 25% of BPO
ReMax recently assessed ARV as > 28m
Full tape available
Breakdown as follows:
AL – 9
AR – 3
CA – 1
CO – 3
FL – 1
IA – 1
IL – 27
IN – 29
KS – 4
KY – 6
LA – 2
MA – 2
ME – 1
MI – 105
MN – 11
MO – 31
MS – 8
NH – 1
NJ – 1
NY – 2
OH – 80
OK – 5
PA – 8
SC – 4
TN – 2
TX – 6
WI – 26
WV – 2
Contact me at bobbaumandeals @ gmail.com ASAP, we’re really pushing this one hard since buyer fell out and want to get this done FAST! Don’t need any LOI/MFA/NCND/POF LMNOP. Full tape will be sent immediately, ready to put seller on phone with qualified buyers.
Filed under: REO, real estate | Tagged: bpo, reo packages
