Did someone say: "You need Bulk REO'S, NPN?"

Process Overview:

Purchase Protocol for Non Performing Notes & REO’s:
Min. purchase - $10 Million
- Proof of Funds
- LOI w/Buyer Criteria
Proof-of-Funds must accompany the LOI. 
- Signed Fee Agreement & NCND
Once the POF has been verified, a signed fee agreement and a NCND must be presented within 24 hours.
 
LOI / Buyer Criteria to include: (Sample) – Be very specific!
Price will pay for assets (IE: Up to $.75 cents on the dollar)
Asset Type – SFR, Multi-Family
State, County, City, Zip Codes
Asset Value Range, ETC
 
- 72 hours to customize a portfolio based on LOI / Buyer criteria
 
- 48 hours to view & decided if you want to move forward with notes and/or REO’s presented.
 
-  If you decide to purchase the portfolio, within 24 hours, 1% of the  value of assets must be deposited into an escrow account at Chicago  Title.  
 

- Upon verification of the deposit into the escrow account, all due diligence documents will be provided. (Due diligence documents will be sent electronically whenever possible. )
 
- Maximum Due Diligence Time – Ten (10) Days
 
On the eleventh (11th) day, remaining balance, the other 99% of the value of assets, must be deposited into escrow. No extension will be granted for any reason. 
 
ADD’L NOTES:
If  you discover some assets are unacceptable they can and will be replaced  with a new asset. This option is only available either during the 48  hour review of the portfolio or within 3 days of the due diligence process, otherwise all assets must be purchased.
 
If you do not purchase  the portfolio, the initial deposit is 100% refundable within 3 days of  the due diligence process only. Otherwise, the 1% deposit will be  forfeited.

 

Please contact me with additonal questions or for more information at (714) 519-6534.

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