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10 REO Condos in Naples, Florida!

Category: REO Packages

Buyer didn’t come through so their loss is your gain.  We’re now opening up this opportunity, sold to the highest bidder that meets minimum reserve price.  Reserve price will only be disclosed to winning bid, but all reasonable offers will be accepted between now and Wednesday, 12/3, at 5pm EST.  No bids will be accepted after that time.

We must have cash buyers with $2,000 per property in escrow by end of week, 12/5/08, with the ability to close by end of the following week, 12/12/08, or we’ll lose control of these properties.  We can arrange for appraisals and title work to be done in a day.  Brokers will need to negotiate their compensation from the buyer.

REO Package of 10 units in Naples, Florida:

6 – 3bdr/2bth units
Market Value: $360,000.00
estimated monthly rental $1,500.00

4 – 2bdr/2bth units
Market Value $320,000.00
estimated monthly rental: $1,200.00

On site rental company.

Small SC bundler 29% LTV

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