April 18, 2024


Mad about real estate

Insider Secret Ways To Buy Bulk REOS At 9 cents On The Dollar

Ever wonder where you can get the cheapest bulk REO for your money? Yes, you can buy Bulk REO for up to 50{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} discount. How about at a 90{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} discount? Why yes, I do have their phone number. Read on.

Following the unwritten market rules, for best price go direct, applies to bulk REO. Purchasing directly from the bank significantly cuts the costs and can lead to 40 to 90 {ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} discounts. Who would pass up an opportunity like that? Anyone, who is not aware such an opportunity exists.

So why is buying REO directly from bank so great? How is 90{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} discount possible? Three word answer – no retail price. Whoever retails wants to make something on it. Same with Bulk REO. When you buy bulk REO from source other than a bank the price gets higher and your discount smaller. Banks are in it to get rid of properties and they do not really care to make money on it. They get their share from mortgages. They want you to take bulk REO off their hands and sell it to someone who will go in with a mortgage. So they waive many costs associated with Bulk REO purchase.

All you have to do is pay on time what is asked of you.

Knowing that there is a great bulk REO sale going on but not knowing where, how and who does not do you any good. To score the best bulk REO discount, you have to be at the right place at the right time. You must have money to buy. And you must have connection that will lead you to the tape where you can buy bulk REO at 90{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} off. In other words you need access to nationwide REO property list.

There are few ways you can go about it but the best is to cut search time by getting to people and organizations working directly with banks that have access. Let’s face it no one will advertise a great sale, because everyone and their mother wants in on it.

When dealing directly with banks make sure you are well prepared and all your bases covered. Do not go in blindly. Many people make a mistake treating directly to a bank as an information session. This is a mistake that could cost you a nice bulk REO at a great discount. Have your paperwork, information and money on the ready.  When you go in negotiating several million worth of bulk REO with a bank they expect you to have the funds to make the purchase.  There is no try. It is do or do not. And considering the money at stake I’d odds are you will go for a “do”.

While you can find a good deal on bulk REO, going directly to the bank brings you the best discounts. Buy Bulk REO directly and don’t let the chance pass you buy. After all where else can you get a dollar for a penny?