REO's - Anything you want to talk about...Selling/Buying/Screening/ and all the BS

[TeamInvest]

Hello All,

I have had quite some frustration in this market as I'm sure everyone else has had too. From sellers to buyers and especially mis-representation. I have several solid sources to get packages of REO's whether they are exclusive or ones that are currently being shopped. Typically no one ever wants shopped REO's, but time time a buyer will walk away from a package so you really have no choice, but to sell. I typically sell an outline of the package then wait for the legitimate buyer to come to the table. Unfortunately you get the best response when you just send out a list, but then at the same time you get all the bullshitters who are scared to bring a buyer to the table and want to just play games.

ARE there any solid buying agents out there that can make there principals perform with confidence they will not walk away from them. I mean really this is truly ridiculous. I guess I kind of know the answer and that is NO. Reason being their are so many hands in the pot no one is willing to let go to let the buyer and seller speak directly. Damn, intermediaries!! JK, you guys are a must but you need to have faith in the process while at the same time fine a solid team to work with to bring repeat business.

Any thoughts??

I'm just looking to spark conversation with people who know what they are doing and maybe from there we can help one another.

[Henry_CA]

I like to network with you with regards to what the "bulk reo business". What is currently happening in this industry is very similar to what the mortgage brokerage business experenced in the early 70"s. I have worked in the mortgage pool business for over 17 years as a a due diligent underwriter and know that seller want to sell and buyers want to buy. I have personally closed 100"s of $100 million dollars transaction, but have not heard on one bulk transaction closing. With buyers representatives remitting buyers POF to various sellers in hopes of getting any pools to seller offering what I believe are kindly referred to as phatom pools. The sole purpose is for seller to obtain free market evaluations. Just thing why when you have willing buyer and willing sellers deals aren't closing? Look forward to hearing from others with regards to there opion to bulk REO's.

[SEO Nick]

Moved thread to the appropriate section.

[TeamInvest]

Hey Nick,

Where is this section? I'm a little new here and I'm not really sure about the navigation of things. Please direct me.

Thanks,

[SEO Nick]

See below. It should take you right there.

Real Estate Forum - Realtor Forums > Real Estate Marketplace > REO/BPO and Foreclosures > REO's - Anything you want to talk about...Selling/Buying/Screening/ and all the BS

[bbarello]

Call me,bryan, at (562) 682-0224 and we can talk about doing some business in this area. Call only if you are serious aand want to make something happen.

Thanks