Looking for Real Buyers of REOs Ã¢Â€Â“ Direct from the Seller
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We have available to us, up to 8B in REOs direct from the seller; starting at 33+3 for a 1B nationwide package.Ã‚Â For those customers with smaller budgets; the seller will fill any order at 5MM and above with pricing below average.Ã‚Â Everything is light to ZERO rehab.Ã‚Â For any buys above 250MM we can get the seller on the phone with an LOI and SPOF; for anything below that we can have the sellerÃ¢Â€Â™s authorized mandate available to speak to the buyer.
Letter of Intent (LOI) and Proof of Funds (POF) Required.
Call is made to confirm receipt of LOIÃ‚Â and arrange for Seller attorney to “hard proof” Buyer’s funds
Upon proof-up, entire detail tape is released to buyer for 24-48 hours exclusively (time depends upon size of portfolio)
After initial review period, Buyer must deposit 10% into escrow to hold tape for additional 72 hours while due diligence is completed
At the end of 72 hours Buyer enters into contract or declines the portfolio and earnest money is refunded
Closing is expected to occur in 7 days, as title work is complete and warranty is offered
45-day “buy back” warranty covers title, condition and valuation of properties
No more than 2 intermediaries are recognized by seller, and they should both be named on the LOI – all other intermediaries need to go under Sub-Fee Agreement which can be paid out to a paymaster and distributed accordingly.
This is direct and the closest you can get to a real seller; donÃ¢Â€Â™t miss out on this opportunity.Ã‚Â ItÃ¢Â€Â™s real and it wonÃ¢Â€Â™t last long.Ã‚Â Any other questions, please email me at firstname.lastname@example.org