Archive for September, 2008

Department Resources

FL-Small-REO-1.5M Package
Investors,

NORTH BAY VILLAGE FL 33141 218,800
PORT CHARLOTTE       FL 33981 78,900
PEMBROKE PINES         FL 33024 318,500
MIAMI                         FL 33125 230,000
DAVENPORT                FL 33837 194,900
SPRING HILL                FL 34609 109,000
LEHIGH ACRES     FL 33972 125,900
NORTH PORT [...]
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Arizona Maricopa County – 50M REO package
REO- ARIZONA
50MM PP
52+3
85% Maricopa County
need 5 day close
buyer default
Open Escrow Monday – Close Friday
buyer MUST POF prior to contract etc….
SFR
0-light
ALL DD is done and will be turned over to buyer
direct to seller
1.5% for buy side open
Contact me now to move on this deal.
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50% LTV 196 Condo Package FL – SOLD
Member posting
50% LTV +3
196 CONDOS
SARASOTA FLORIDA
74% CURRENTLY LEASED
ONE,TWO, AND THREE BED ROOMS
BPO $38,939,000.00
SELLING AT 50% $19,469,500.00
MONTHLY INCOME $ 167,115.00 $213,040.00 AT 100%
AVG.SALE PRICE PER DOOR $99,334.00
We are direct…!!
Respond in email and include:
1)Buyer profile..
2)Whatever further information needed
3)Ability to provide LOI and POF
This is time sensitive!
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Notes Package – 101 Million Nationwide – SOLD
This is an offering of residential mortgage notes from around the country comprised of 303 homes. It is broken down into 102 performing loans, 74 foreclosures, 100 Delinquency plans, 11 bankruptcy plans and 12 bankruptcy/foreclosures.
The original appraised value of the properties are estimated at around $101,484,030. The consolidation company estimates the value now [...]
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Tx – 1 Million builder closeout
65% LTV builder closeouts in Ft. Worth, TX.
Comps Available to members by request.
Here are the addresses & numbers:
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CA Property – Below 50% LTV – Breakouts Possible – SOLD
Location                    Southern California
Number of Properties    118 Homes
Original Price                           $62,104,353
Asking Price                            $39,628,082 (36%)
Price per Home                        $332,781
If purchased separate:
GS Ranch 25 Homes:
Appraised value – $21,862,000
Closeout Price - $11,586,860
Discounted – @ 47%
BR Group 11 Homes:
Appraised Value – $6,819,000
Closeout Price – $5,114,250
Discounted – @ 25%
WCII Estates – 25 Homes:
Appraised Value – $16,587,500
Closeout Price – $10,781,875
Discounted – @ 35%
FFII Ranch – 57 [...]
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Florida Portfolio of 370 houses SOLD
The FL Portfolio is 370 homes that a discounted offer could be made on.
Bank owned or REO : None
Appraisals-None
Can pick and choose the number of properties
All tenant owned
None of the properties need work over $10,000
The principal owns a property management company
Lenders- 12 to 15
Download Spreadsheet Below
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7 Condo Conversion Closeout – SOLD
They are all Condo-Conversions that were converted in 2006 and 2007. The total price of these units, if purchased together, is $153,369,500 but have been discounted down to $80,958,870 (47.21%) and is 90-95% rented out.
Download Tape Below
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Florida Distress Notes – 475m – Offers – SOLD
Bank is highly motivated to sell these notes. Make Offer Asap.
This list of FL properties totals 475m in outstanding balance. It can be discounted further from”feedback”we received.
I have uploaded the spreadsheet all information
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Commerical REO Package SOLD
Investors,
This is a commercial REO package at 55% LTV of UPB. This will not last!
There is also some commercial construction notes at 45% LTV that may be of interest and also included is the LOA from the seller.
Download links available to members only
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