The REO bulk portfolio acquisition process is simple:
Buyers must be ready, financially capable and willing to consummate the transaction today. Absolutely NO financing contingencies. Cash or Line of Credit only.
Submit the following documentation:
- LOI and POF . The LOI must be specific and must have the name, address, land line, cell phone and signature of the Buyer as well as the contact information for doing the Proof-Up.
- Non Compete / Non Circumvention Agreement (NCND)
Failure to provide the required information will delay the processing of your portfolio request. Information may be Faxed to 1-928-752-2482 or e-mailed to: admin AT bankreopropertydeals.com
IMPORTANT! The Buyer will have a period of 72 hours to review the tape and decide whether to move into due diligence or not. After this time the fee/escrow agreement is established and signed by all parties. The Buyer will need to put a good faith escrow deposit of usually 10% of purchase price to begin due diligence period. The escrow is refundable during the due diligence period. .
The Note acquisition process can be found HERE