OfflineI have a request from an attorney for the following and thought I would reach out and see if anyone has access to anything they can offer at this time.
Per our phone conference, I have a RWA Buyer for Bulk REO proofed to $7B, with ability to do more.
Specifications: $150K-$4.5M residential homes (BPO value), CA, AZ, NV, FL, GA and MI are preferred states. Nationwide tapes are equally acceptable.
Need 2 days due diligence for every $4B (BPO price) trenche. If acceptable, buyer will purchase right away.
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I have been steadily looking for tapes for my investor for bulk REO's. People have come out of the woodwork, but I have to tell you what a disappointment it has been. One person, Stephen Farley, has risen to the top as a supreme professional in this business. The rest are playing fast and lose and going to get allot of innocent people into serious trouble. YOU know who you are, too. It is a shame to see this coming out of the DG family. I have carried a real estate license for 25 years and been in consulting for 18 and I have never seen such con's going on to get to people's Buyer's. You should be ashamed of yourselves!!!!
Marni17,
I met with a broker friend of mine for coffee this afternoon to discuss some REO properties that he has been working with the owners/lenders on listing and selling. One property that he mentioned is located in L.A. The loan on the property is approximately $1.6 million and the BPO is $1.3 million. The owner was asking my broker friend if he could possibly sell the property to an investor and he could lease it back for $4,000.00/mo. The broker believes it would be tough, he thinks that the bank may not go below $1.2 million for the property. I suggested to my friend, the broker, that we might be able to locate an investor with cash who could make the deal happen. Cash is worth something to a bank that already has an inventory of foreclosed properties.
Please contact me at my e-mail address, fctilton@****, and let me know if this would be something that your investor might be interested in. Also, my broker friend has been very involved with banks and REO's in the Orange County area of So. Ca., for the past three years or so. I believe that he could be a valuable asset for you and your investor. He stated this afternoon that he had a block of 92 homes coming up this week or next.
Once again, please contact me at the e-mail address above and let me know your thoughts. As you might have guessed, I'm very new to real estate investing and Dean's website.
Have a great day. Hope to hear from you soon.
Charlie Tilton
Charlie,
Thanks for the detailed reply. Please call me to discuss (434) 326-4133 Too much to discuss in an email.
Debbie
Per our phone conference, I have a RWA Buyer for Bulk REO proofed to $7B, with ability to do more.
Specifications: $150K-$4.5M residential homes (BPO value), CA, AZ, NV, FL, GA and MI are preferred states. Nationwide tapes are equally acceptable.
Need 2 days due diligence for every $4B (BPO price) trenche. If acceptable, buyer will purchase right away.
What are 'nationwide tapes'? And if I'm understanding this correctly... you have a buyer that can spend $7 billion dollars.
Yes, and he wants tapes all over the USA.
I have a contact with Bulk REO tapes. He has them all over the US.
Please contact me if you would like more information.
Thanks
Donna
Absolutely interested in what you have. Are you also the person who has interest in mobile home parks?
Debbie
Absolutely interested in what you have. Are you also the person who has interest in mobile home parks?
Debbie
Debbie,
Yes, that is me.
I know of someone that can get REO tapes anywhere. Please let me know what your buyer wants specifically.
I was sent a tape on Tuesday, all Florida, 61 SFR, BPO comes in $11,800,000 and some change.
Selling for 5.6m Under 50 cents on the dollar.
I can see if it is still available and if it is I can send you detail
Donna
Donna,
Already have it. Thanks. I would be very interested in others, though.
I have a foreclosed on mobile home park in Montana and I am direct to the bank and planning board. It can be put back as a mobile home park. I also have 200 FEMA homes and that makes a great match for a whole new park. Would your investor have an interest in pursuing this?
Debbie