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.

• This company has been working with the banks and FDIC and have relationships that gets them first dibs on the new assets.
• It has ready to go investor funds placed in Buyers Escrows so when the time to buy is at hand the work is already done.
• Can offer investors lower REO acquisition costs because of the volume and speed with which it closes before everyone else.
• Has a full software system in place for you to track the asset as it is coming in and if need be has the work in place if the property needs work. Completely on Auto Pilot.
• If you are purchasing large REO packages and there are none at the moment they also have a system to acquire smaller tapes in the range of 2-5-10-20 million that will continuously run on a particular filter without stop. (Example would be DIAMOND states)
• The smaller program simply runs and acquires assets for you continuously while waiting for the bigger one. They simply continue to filter into your company from draws of the existing money in the buyer’s escrow. This allows clients to obtain harder and more profitable properties while the money is waiting to be used on the big tapes.
• Once the money is invested in the buyers account it is considered invested and therefore you get the tax advantages.
• Investors become very strong to the lenders through the relationship with this company as well as the company itself.
• Intermediaries are paid when the escrow account is funded and then they are no longer in your hair. One on one with the company and the bank.
• Once your escrow account is set up you will not need to set up another one ever. No more proof of funds and all the other issues you have deal with when trying to bid on a tape or portfolio.

Future Bulk REO purchases

These are just a few of the reasons that if you do not call me to start a program like this then you are going to be left behind or be rebuying a tape from the people that do.

So do not wait tell its to late call me and act today!