Are you having a hard time locating and finding a REO tape or are the lenders not releasing them as readily as they used to?

Well there are many reasons for this and I will briefly go over a few.

1. Banks are seeing that they are making more money by holding the property until they will make more on the sale.
2. Starting Jan 1, 2010 Brokers that are putting the deals together are going to have to be Series 65 Licensed or will be doing the work illegally.
3. REO companies or groups that have been putting them together are not going to be able to much more because they are outbid by the actual companies that have insurance with FDIC and have total transparency.
4. The companies that do have insurance with FDIC and have total transparency, and maybe even are a bank themselves get first pick among the properties and buy them before they are even released to the public.  Or they have the realationship to make first bid because of repeat valume and cash in escrow already ready by the time it is available.
5. These companies already have the investor funds ready and within hours can usually fund and take down large tapes in the 500 Million to 5 Billion Dollar range. Where investors and REO groups have to go through all the process from the start.

These are just a few reasons why you need the program I am about to tell you about.

This new program is the future of buying REO and here are a few reasons why.

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