Has anyone out there actually brokered an REO Bulk Sale???
By Kirk Mulhearn
(Prudential California Realty/Gem Mortgage)
Long Beach, Ca. Every since the middle of last year, I have had countless brokers calling me trying to either off REO bulk packages or attempting to buy them. I would like to know if anyone of us 70000+ members have had any closings in regard to this market trend. I don't know about the rest of the Country but in my office, out of the last 15 sales, half have been either short sales or REO properties!!See attached letter from a personal friend, I would like any comments or observations, thanks, ktmHi Kirk: Good Morning! Okay, we are finally ready to go with the REO's/notes and are working directly through a contact who has lead us to a trader with Bear Stearns for note product. It is a tremendous connection. I am currently awaiting the step by step process they want us to follow and ...
Comments
34