News

What is the state of the bulk reo industry in 2010
Let’s get something straight to begin with. There is NO HIDDEN or Shadow Inventory.

I know many of you keep hearing about the second wave of foreclosures is coming! You are probably thinking that because you are having difficulty in obtaining HUGE bulk bank reo tapes, that the Banks must be holding or hoarding houses back from the market or that perhaps they are about to flood the market with thousands of properties.

We’ve been hearing that for over a year now. I have never bought into it, because as I have always stated, is that the market can handle more inventory than most would think There is so much pent up demand it’s crazy.
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Proof of Funds and Bulk Myth Dispelled
The flakes and con artists have messed up the industry so much that many sellers are no longer trusting buyers with soft POF’s. We are moving to a business model that only deals with hard POF’s that are bank verifiable.
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Relationship with Wells Fargo – Temporarily Closed To New Investors
We have some very exciting news. We now have a procedure in place to go directly to Wells Fargo with REO and Non-performing notes requests. Following are the criteria that must be followed:
1) Minimum order size is $100 million (not the BPO, but the purchase price).
2) The following documents must be [...]
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FDIC Chairman Sheila Bair – Statement On Legacy Loans Program
FDIC Chairman Sheila C. Bair said, “It has been clear for some time that troubled loans and securities have depressed market perceptions of banks and impeded new lending. Difficult market conditions have complicated efforts to sell these troubled assets because potential buyers have not had access to financing. The Legacy Loans Program aligns the interests [...]
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Where do we get our tapes from?
I thought I would post a video today to show prospective customers the wide range of both bank and credit union contacts we have. The process of how we find these deals, is that WE CALL THEM! Its a big job. Not all banks are as responsive to provide follow up information unless your LOI and POF is in place. If you [...]
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FDIC Non-Profit Bulk REO Program Update
This program was developed by the Chairman of the FDIC, Sheila Bair, as a way to benefit non-profit organizations, put money back into communities, generate fees for the FDIC and help failed banks get their non-performing assets off the books and put them back in a position where they’re able to lend again, all o
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Bank REO Training Webinar Replay
Interview with Dandrew Capital Partners has been recorded for your review.
http://www.bankreopropertydeals.com/bank-reo-training-webinar/
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Private Investors can tap into Government REO Pools with simple LOI
As many of you are aware, access to a reliable, consistent source of REO packages has been challenging due to changes in the banking systems brought about by a volatile market place and a flurry of new policies introduced by the government. As we now see many banks beginning to pay back bail out money [...]
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Redwood RE Partners – $500 Million To BUY
Redwood Real Estate Partners has a fund to buy up to $500 million in distressed residential real estate amid the expected increase in in bank-owned properties. (REO)
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Private Lending Equity Firms Are Lending Money for Bulk Deals
Private equity lending firms are arguably the hottest thing on Wall Street right now, bringing financial firepower to the bulk reo market. Private equity firms are opportunistic investment companies set up to invest the wealth of their sponsors and investors. They are similar to hedge funds in many respects but are structured [...]
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Special Event Teleseminar – Bulk Bank REO Training
I have arranged a special training session with Bill Twyford!! Many people have been requesting more information about bulk buying
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Morgan Stanley puts together 8 billion property fund
Morgan Stanley, the biggest real estate investor among Wall Street banks, today raised $8 billion to create the largest global property fund.
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Sovereign Funds Seeking to Purchase
Abu Dhabi, Kuwait, The Arab Emirates have created fund called sovereign funds to invest. ( Loaded from petro dollars from 140 dollar a barrel oil)
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