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BULK REO

WEALTH FILES

INSIDER SECRETS

Ultimate Bulk REO Secrets Copyright 2010 © Mark B. Bradley

www.UltimateBulkREOSecrets.com

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Bulk REO Wealth Files: Insider Secrets


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© Copyright Mark B. Bradley 20010 All Rights Reserved

ALL RIGHTS RESERVED. No part of this report may be reproduced or transmitted

in any form whatsoever, electronic, or mechanical, including photocopying,

recording, or by any informational storage or retrieval system without express

written, dated and signed permission from the author.

DISCLAIMER AND/OR LEGAL NOTICES:

The information presented herein represents the view of the author as of the date

of publication. Because of the rate with which conditions change, the author

reserves the right to alter and update his opinion based on the new conditions. The

report is for informational purposes only. While every attempt has been made to

verify the information provided in this report, neither the author nor his

affiliates/partners assume any responsibility for errors, inaccuracies or omissions.

Any slights of people or organizations are unintentional. If advice concerning legal

or related matters is needed, the services of a fully qualified professional should be

sought. This report is not intended for use as a source of legal or accounting advice.

You should be aware of any laws which govern business transactions or other

business practices in your country and state. Any reference to any person or

business whether living or dead is purely coincidental.





Table of Contents

Bulk REO: The Recession Money Maker………………….……………8

Why it is a good time to buy Bank owned properties?……….….……….……11

Foreclosures and Bank Owned REOs……..……………………..…………..........14

History of foreclosures and Bank REOs 1930’s ……………………………….…16

Resolution Trust and foreclosures in the 1980’s ………………………….19

7 reasons to buy bulk reo properties ………………………………………..21

Why buy bank owned REOs instead of short sales ………………………….24

The difference between non performing loans and REO …………..……….26

What is a BPO? Brokers Price opinion?..............................................…28

Top 35 List of REO banks with REOs to sell………………………….…………33

Why Bulk REO investing is a great investment strategy ……….…………..37

Make $100,000 on your next Bulk REO Purchase Keyword …….…………41

Buy Bulk REOS from 40% to 91% discount ………………………………….…44

Bulk REO Purchase Procedures …………..………………………………………..46

What is a Wholesale Bulk REO Purchase Program?............................…48





About The Author

Mark B. Bradley

Mark B. Bradley is a leading real estate

investor and marketing consultant.

Mark started out in the Engineer Planning

Division of MacDonnell Douglas Aircraft Company. As a liaison between

aircraft test pilots and the engineers, in the flight simulation department. He

worked with computer technology helping the engineers, pilots, and planners

communicate with the high tech systems of flight simulation. After that he

took his expertise into investment real estate.

He has more than 20 years of real estate investing experience. Mark went on

to own four multi-million dollar apartment complexes. A high-rise luxury

condominium building, Two Town Homes in Vail Colorado, and a beautiful 11

acre mini-ranch over-looking the Majestic Eagle River in Colorado.

Plus may other entrepreneurial ventures.

Mark’s latest project is to pass on years of closely held secrets of successful

real estate investors and how to use bulk REO investing strategies in the

post real estate crash years.





The Wave Begins To Build

It seemed to be a good morning the young real estate investor stood in the flesh in front of the mirror. No wispy spirit, this was a man in the flesh, bone, muscle, and brain. The morning light shined in his eyes and his eyes shined back.

The man swore; "This is the day it all makes sense! All the hard work is going to

pay off!"

His mind wandered as he tied his tie. I'm getting rid of this sport coat! Something much more stylish fits me. Maybe a long overdue vacation, back to Colorado he thought. Still day dreaming on the way to work. Maybe I'll get a new car? But I'm keeping this Toyota!

The phone rang a voice on the other end said. I'm terribly sorry to call so early but I just wanted to let you know I can't meet you today. This is quite embarrassing and I don't know how to say this but.... I met with a lawyer over the weekend. and, we'll, I'm filing for bankruptcy so I can't go ahead with the Short Sale. I'm sorry but my attorney assures it's the right thing to do.

The man hung up the phone and pulled over to the side of the road. His head sunk into his hands. "Boy what you going to do now?" he disclosed.

"It can take up to 1 year or more to do just one

short sale deal." And that's if the planets are

in-line”

In the last few years it can sometimes feel like you are Indiana Jones searching for some lost antique treasure. Only for many of us its searching for "The American Dream" As soon as you start getting close you find out "Darn" "Bum information" Then you get to back track and get back on the trail. Make things solid again. That was me three years ago. I had spent thousands of dollars learning how to hunt down short sales. That when I found out:

"Just like Edison finding out one more way not to make a light bulb. All my work was not in vein because luckily for me I had

something to go to."





Back in 1991 I bought my 1st REO (Real Estate Owned By Banks) a 24 Unit Apartment Building From a bank. This was the beginning of a two year buying spree where I bought 3 multi-million dollar apartment properties form banks.

“This was at the end of the Savings and Loans Crash of the 1980's Looking back, I should have stayed with buying bank owned REOs. But, like all good things, the market recovered and all those good deals got sold off.”

What I went back to is buying REO properties from banks and lenders at deeply discounted prices. I found out that quickly after I contacted these banks they would ask: "How many house do you want to buy?" I'll send you the tape. I was just looking to cherry pick one or two houses and salvage some of what I learned taking all those Short Sale classes. Just a few weeks before it was taking me a month or more to bring in short sale leads and even more time finding the right properties to invest in. But now I was getting these tapes with hundreds of houses that I was encouraged to make a bid on the packages.

Talk About A Reality Shift.

Instead of looking for the sellers of short sales one by one. Banks were calling me and sending me updates on hundreds of properties. They were chasing me now! Don't let the word BULK REO scare you. Everything I teach can work for you even if you only want to buy one house for as low as five cents on the dollar and avoid all the hassles of doing a short sale.

. Please leave comments on the post. I'm a real person and I'll get back to your questions and comments as fast as humanly possible. Over to the right are different categories with articles and videos for you.

I worked hard on putting all this content together and if you feel it has value please share this with your friends on twitter, and Facebook.

“This got me into the Bulk REO Business. And I now teach people the Bulk REO Business”





Best Of Success!

Mark B. Bradley

St Louis MO USA

[email protected]

Bulk REO: The Recession

Money Maker

With current legislation making

the real estate market

nightmare, the hope and

dreams of many real estate

entrepreneurs seem almost

dashed. Once again, the big

guys got the bailouts and the

little guys were left out in cold.

But there is a way out. There

is one sure way to reincarnate

the real estate money maker.

There is a way for everyone to

get their money and keep it

too. It is called Bulk REO.

REO, “real estate owned

properties” refers to assets a

bank or lender owns after

foreclosing on a property. Bulk

REO is a group of REOs that a

bank or lender groups together

for sale. The wonderful thing

This is for you if you are: Unhappy

with your current business?

* Looking for one that will capitalize on

current down market conditions and make you

rich… No matter what you status or

experience.

* Looking for a fast way to get out of debt and

create the perfect real estate business you’re

your family. (One with cash flow, equity

building and tax protection!)

* If you have ever wanted to make huge piles

of money with real estate but never quite

pulled the “trigger” (Learn the simple step by

step methods “Take Down” big and small deals

everyday!)

* If you want to make A Fortune in 2nd

Coming of the Government Caused Real

Estate Crises. (Follow these proven tactics and

keep reading this letter for more details.)

* Or maybe you were waiting for the right

opportunity to come knocking on your door.

This is that amazing opportunity for those few

people who realize we are in the right place at

the right time… …”And that time is now!”…





about Bulk REO’s is that they are usually sold for a small fraction

of the real value. To recover some money banks often auction

them off in a bulk at steeply discounted prices. Needless to say,

Bulk REO offers real estate investors an excellent chance to

regroup and get back to the horse.

Bulk REO are below MLS, BPO, cheaper than private sellers,

auctions and are a fraction of any approved short sale price. And

the little known fact is that they are accessible to everyone and

anyone-even without cash or credit.

How? Simple! Bulk REO investing is based on the relationships

with key Bulk REO market players. You end is to act as broker to

the buyer or the seller and charge a fee. Yes, you can represent

them at the same time. See what I mean?

Banks do not want bulk REO’s nor do they want their associated

costs, taxes, maintenance, insurance and utilities and investors

get them at substandard prices. Banks want money not the bills.

They have no financial gain by having properties on the books.

Real estate invertors want the properties to get money by giving

other people bills. And at the fraction of the cost, it is a sweet

deal. Everyone wins.

Despite how sweet bulk REO may seem, some caution is advised.

To avoid loopholes, sinkholes and investing too much too soon,

Bulk REO investment requires training. Training offers easy,

concrete and solid strategies on maximizing investments and

avoiding risk. Like in any business, the secret of how to go about

it is limited to the lucky few who have either figured it out on

their own and those who have actually decided to go trough with

the training.





Short Sale Facts They Have Been Hiding From You

You can be locked out of a short sale deal at the very

last minute.

Some deals can take 1 year or more to complete the purchase

of just one house. Don't let this happen to you.

There are 5 steps you must complete to get a short sale done.

Miss any of these 5 steps and you must start over from

scratch.

"There is a better way"

Buy direct from the bank! Better yet, buy in bulk. These

Bulk REO deals can get you properties for pennies on the

dollar. You must find out how to do this for yourself.

Imagine going through your day knowing that you have

the knowledge to produce mass wealth for yourself and

your family. Feeling good all day long.

► What are the 4 Best Ways to Make $Money$ With

Bulk REO Properties — and once you know these easy-

to-start methods can jumpstart your success.

► How industry insiders create an Own REO Business!

(The “Step-By-Step” blueprint that is revealed to you for

you to follow.)

► You will quickly be able to focuses on: Cash Flow

Creation, Equity Building, Tax Advantages, Long Term

Appreciation. These are the “4-Corner-Stones” of your

business!

What Bulk REO training

teaches you is how to

increase the profit from

$15 000 to five to ten

times of that per sale. It

teaches how to close a

deal fast. It teaches you

that anyone can do it. It

teaches you that do not

need to be a middle man.

And as the learning curve

builds up on acquired skills

to provide you with a one

way ticket to what is dear

and near to all our hearts-

money.

Bulk REO is a great

opportunity to make

money and join the ranks

of recession millionaires.

The catch is tread

carefully, get training,

make good picks, go slow

and Bulk REO investing

can turn a sometimes

profit into a great profit.





Why it is a good time to buy Bank owned properties from

Banks and lenders?

Recent recession has made a resonating impact to the Real Estate

market. Sputtering and slowing down trough investor financing

obstacles, real estate has simply stopped delivering for the little

guy. Considering it is the little guys who do most of the work, this

hardly seems fair. And it is not. Life is not fair. That is - unless

you are in the know of the trade secrets of hidden money

markets. And there is one for real estate. It is called REO or Bank

Owned Properties.

We all know what happens when a homeowner defaults his of her

mortgage. Property foreclosure and auction bidding. No

foreclosure bid and the once idyllic family home becomes a bank

owned property. Make no mistake, banks and lenders are not in it

for the property. Gained properties are as much nuisance to them

as to their former owners. Bills, repairs, maintenance, you name

it. From banks point of view, hanging on to foreclosed property is

the equivalent of renting prime estate on a major fault line. And

as far as banks go - that kind of earthquake does not pay.

Furthermore, banks are required to clear their inventories of bank

owned homes or face the wrath of industry regulators. Needless

to say, banks on do not want houses. They want money. And if

they cannot get money thought mortgages, they will get at least

some of it by selling bank owned houses.

That is the hard, not so cold, truth and great news for struggling

real estate investors. No financing? No problem! To speed up the

process and get back to what banks love the most - lending and

money making - Bank Owned Properties sell at a mere fraction of

the price. We are talking about anywhere from 5% to 30% from

market value. Talk about getting dollars for pennies! And tying





into that is the fact that banks will gladly finance real estate

invertors going for Bank Owned Properties to give them time to

work the deals.

Most Bank Owned Properties are freshly rolled and in a very good

condition as banks put them on the market as soon as they get

them. Low price and good condition make these properties an

ideal choice to get back into real investor game, guns blazing and

wallets bulging.

To get your hands on the best bank owned properties, it is a good

strategy to keep informed. One ay is to search bank foreclosure

listings. They provide bank owned property information with the

click of the mouse. Time saving, efficient and educational,

foreclosure listing are best cheat code for bank owed properties

spinning.

To summarize:

Bank Owned Properties:

Banks do not want them… They sell them in a bulk… At the fraction of the price... In good condition... No financing required… Easy profit…

And you thought Christmas was once a year….

Now go out there and make money!





Bank Repossessions Ramp Up! Lenders Brace For

Huge Backlog

U.S. lenders repossessed homes at a record pace in

May, although foreclosure activity slowed slightly as

lenders tackled the backlog of distressed properties that

are already in the system.

However, a sustained turnaround in the pace of failing

loans will be elusive without a meaningful

improvement in the job market, real estate data

company RealtyTrac says. Banks took control of

93,777 properties in May, a record, topping the prior

record in April by 1% and spiking 44% from a year

earlier.

Every state saw more bank repossessions than a

year ago.

It remains to be seen whether "we may be at a point

where most of the damage has already been done and

it's just a question of working through the wreckage

before we come to a full recovery, as opposed to the pipeline continuing to get fuller and fuller.

Default and auction notices fell in May, but had soared 28% in 2008 and 32% in 2009 to create a

stockpile of delayed bank repossessions. Loan modifications just put off inevitable foreclosure

for many borrowers.

"Lenders appear to be ramping up the pace of completing those forestalled foreclosures even

while the inflow of delinquencies into the foreclosure process has slowed," RealtyTrac's CEO

James J. Saccacio said in a statement.

Fewer defaults and auctions will help lenders better manage the record number of homes they

need to take over and resell. There are 5.5 million seriously delinquent loans still in the system,

RealtyTrac says.

"Best-case scenario is you're still looking at about another three years to work through the

inventory that's already in the pipeline of distressed properties," Sharga said.

The overhang of foreclosures will keep prices from rebounding much over the next two to three

years, most industry experts agree.





“Banks will continue to Cut Deep, Deep Discount Deals with investors who can take multiple

properties off their hands in one deal. These "Bulk REO Deals" are the fastest way for banks

to return to profitability. “

Many smart investors are positioning their selves to Buy Bulk REO Properties for the

greatest profit potential in this down market. More reveled in the article on this page...

Record Number of Foreclosures Means a Record Number of

Bank Owned REOs

With the recession looming, homeowners are in a financial bind.

It is in equal parts bad and good news. Bad for average real

estate agent as property purchases are hitting the record low.

Good for real estate investors as property foreclosure are hitting

the record high. Foreclosures end up as Bank Owned REO

Properties, and banks, having no interest in bothering with

upkeep, sell them in bulk for pennies. Pennies that turn to dollars

when bulk bought properties are resold. Real estate investors’

dream.

Hard facts back up the promise.

With the 2010 unemployment rate hitting 10.5%, the number of

homeowners defaulting on their mortgages is surging.

Foreclosures are reaching as many as 7 million mortgages, with

additional 5 million being at risk of default where borrowers owe

more than the property is worth. The 2010 US Foreclosure Market

reports 15% percent increase from 2009, with total increase of

38 percent from 2008, meaning that roughly one in every 409 US

households has filed for foreclosure. This is the highest

foreclosure rate since the real estate buckling began in 2005.

The Bank Owned REO activity is up 31 percent from January 2009

with default notices up 4 percent from 2009 and scheduled





foreclosure auctions up 15 percent. California, Florida, Arizona,

Illinois, Michigan and Texas are focal points accounting for 60

percent of national foreclosed properties with Nevada, Georgia,

Ohio and New Jersey following close behind.

Faced with deteriorating situation, lenders are moving in on delinquent loans and pushing foreclosures. As banks and loan servicers work their way through loan-modification applicants, Bank Owned REO Properties are increasing and starting to choke strictly scrutinized bank system. According to current trends, bank owned REO properties are expected to peak at 538,000 by

fall of 2011. Desperate to clear the books of accumulated REO bank are selling them in bulk at the lowest observed rates. Financing is not an issue. With rapid and convenient Bank Owned REO Property sales process, lenders typically respond to written purchase offers within 48 business hours.

Market is flooded with Bank Owned REO Properties.. Banks do not

want them. Real estate investors need them. Prices are at the

record low and the time to strike is now. With so many players in

the game, the trick to get ahead of the curve is to get access to

Bank Owned REO Property lists. Without lists in hand the pickings

are slim and the profits partly. While the lists are kept in good

confidence, savvy real estate investors know - where there is will

there are means. Getting to bank owned REO lists is as easy as

singing up with trusted REO expert.

Bank Owned REO Properties are a nice a convenient way to get

your money maker going again. While some consulting is advised

to get to best Bank Owned REO Property lists, the effort and the

time spent is well rewarded. Bank owned REO properties – the

best way to make money today.





History of foreclosures and Bank REOs 1930’s

Real estate is not immune to

market conditions. If history of

foreclosure is anything to go by,

real estate, same as mere

mortals are affected by constant

ups and downs of economy. The

US foreclosure story goes back

to early 1930’s. The Great

Depression hit US with

resounding crash of the Wall

Street Crash in October, 1929.

Sweeping like unstoppable wave

it bowled over US economy,

crushing employment, housing

and bank markets. Coincident

sand storm and draught season

hitting US with vengeance added to misery of farmers. Resulting

fallout marked the beginning of a decade of high unemployment,

low profits, deflation, and yes Bank REO first recorded highs in

US history.

The jobless and farms hemorrhaging money could not finance the

mortgages and thousands of houses and farms went to

foreclosure. Homeowners and farmers alike pledged their assets

as security on the loans. Desperation and loan rates flew high,

wages and income run low and many were left with little choice

but to sell their homes and farms to manage incurring debts. In

rates similar to those observed in today’s recession nearly 0.73

percent of all housing in the US ended up as bank REO. While

some attempts were made to slow down the foreclosure on

agricultural sector with passing of the first major farm legislation,





the Agricultural Adjustment Act of 1933, it was but a drop in

bucket. Most went under anyway, ended up ad bank REO’s and

more to boot, the federal government's agriculture control

brought more headache than good on the long run.

Farm and housing properties alike could not escape the wrath of

foreclosure and in the end ended up as bank REO’s. With

increasing trends home loans hit the all high of roughly 1,000

daily foreclosures by 1933. The foreclosure rate growth exceeded

1 percent annually from 1931 to 1935, with 10 in every 1,000

households falling prey to collectors and banks. While concrete

data on exact delinquency rates for 1930’s are not clear, records

do indicate that the number of foreclosed homes in 1930’s was

close to 217,250.

Hard times and failing economy lead to the birth of the first

known Bank REO auctions, the so called “penny auctions”. Trying

to salvage costs, banks set to sell acquired properties, land and

equipment expecting to make hundreds and very likely thousands

of dollars. Things however do not always work out and banks had

little choice but to sell for the mere pennies of the real value.

Much like in today’s Bank REO’s bank did not make money on

sales but merely purged the properties from its lists of assets.

The real winners were parties buying off Bank REO’s trough

penny auctions to do with them what they will following the title

transfer, that being habitation, rent or resale.

History teaches us a valuable lesson once again. Whatever the

underlying circumstances may be there is always a way to cut a

deal and make money. Fortune favors the brave. And the

informed.





"With the wave of his hand and one stroke of his pen.

When the program ended May 31, 2010 home values fell by you guesses it

$8,000 or more."

* The thing is people don’t like that! People want peace and prosperity! Not

hand outs and government housing.

* Americans don’t want to be told where

they can live or not live. How big their house

should be .

* We especially don’t want the government

controlling our thermostats and telling us

what kind of cars to drive.

* Americans have spirit! And this

entrepreneur sprit is want is going to defeat and fix this Government Caused

Real Estate Disaster.

* People all over this great country of ours are waking up to this crises

Orchestrated by the Parasitic Elite Class.

You can't stop the government from doing this -- but you can discover how to

be "On The Inside" and profit from these policies...

The president lost $1

trillion dollars of you the

American home owner’s

money giving an $8,000

tax break to 1st time

home buyers.





Resolution Trust and Foreclosures in the 1980’s Resulted in Many Bank Owned Bulk REO Properties

The 1980’s started with a bang. Aggressive real estate investing

has run its course and crushed USA economy tough collapse of

savings and loan associations. USA faced a new financial crisis

swatting the real estate and the government alike. Once again

foreclosure reared its ugly hear, banks busted at the seams with

REO Properties and real estate investors everywhere rejoiced.

Principe was the same with some subtle differences. This time

around more investors were aware of just how to take advantage

of the Bank Owned Bulk REO Properties.

Amidst the new economic crisis, USA Government came up with a

bailout bill to limit the damage by merging or closing down the

insolvent savings and loan institutions. Resolution Trust (RTC),

USA government-owned asset Management Company was

created and charged with liquidating properties and assets

deemed insolvent by the Office of Thrift Supervision, ie. the Office

of Bank Supervision.

The RTC mission?

Dispose of the Bank Owned Bulk REO Properties as quickly as

possible for maximum value.

The goal?

Reduce taxpayer exposure.

And - make money!

To ensure no ground was left uncovered, RTC implemented five

distinct partnership programs, Multiple Investor Fund (MIF), N-

Series and S-Series Mortgage Trusts, Land Fund and JDC

Program. When initial unsuccessful attempts to capitalize on the





bulk resale of insolvent (read Bank Owned Bulk REO) properties

failed to bring desired profits, RTC came up a strategy that took

the game to the next level. Understanding that increasing

demand runs the sales under any conditions, RTC concentrated

on generating and increasing interest in Bank Owned REO Bulk

Properties. What a better way to do so than by launching brand

new “equity partnership” program. Trough equity partnerships

RTC single handedly pushed for Bank Owned REO Bulk Properties

management and sales on their own terms.

Private sector equity partners inflated the interest in Bank Owned

Bulk REO Properties, while RTC controlled the management,

distribution and sales. In other words, RTC successfully executed

the drive and demand driving the “ka-ching!” trough the roof.

The strategy was simple. Swoop in and seize Bank Owned Bulk REO Properties. Generate interests. Then resell the same assets to bargain-seeking investors. The strategy worked like a charm. By 1990’s RTC moved some 747 Bank Owned REO Properties,

owned 350, generated $400 billions and deservedly tapped itself on a shoulder for having the foresight to move money during economic crisis.

But all good things must come to an end and so did RTC. By 1995, economic crisis fizzed out and RTC derailed to Savings Association Insurance Fund (SAIF) under the Federal Deposit Insurance Corporation. Following the fate of many insolvable properties it handled for a decade, RTC too was then dissolved and most assets sold.

The good times rolled, the money lasted for a long while and the lessons learned were invaluable to future real estate investors. Get going while the going is good! Or you just might miss the train... and that is a one way ticket…





7 Reasons to Buy Bulk REO Properties

Nine to five not your thing? Thinking of investing in Bulk REO? I

can tell you with certainty of years of experience in Bulk REO

properties that this is a great decision. It is also the one that

could make you thousands of dollars. And if making good money

is not reason enough to go for it there are seven more great

reasons to buy Bulk REO properties. Let’s start the countdown:

1. Bulk purchasing

Much like tomato sauce in Price Choppers, Bulk REO

Properties come in wholesale packs and great prices. Bulk

REO Properties sell up to 50% of the real value. Banks do

not want to waste money taking care of them. The best they

can do is selling them at discounted prices to clear their

books. Everyone wins and you toast over a great profit

margin.

2. Debt free investing

Worried about financing? Don’t be! Banks are so eager to get rid of Bulk REO Properties that low prices mean you are likely to find many financial sources ready to back you up. Hard money, commercial financing and non conventional hedge funds and private investors are all on the plate. With them on board, you profit by gaining properties and not the debt. Isn’t life grand?

3. Minimal risk exposure

The wonderful thing about bulk REO is that it does not require large investments. Better yet it does not mean big loans. What it does mean is purchasing Bulk REO properties in good condition at the fraction of the price and reselling





them at full price. And that means minimal risk exposure. Meaning, invest away. And strike while the iron is hot.

4. Direct access to bulk REO dealers

Access! Access! Access! That is the key to Bulk REO purchasing. Many have tried and failed without means of getting to coveted REO sales lists. No need to waste for untold hours knocking on firmly closed doors. Success comes with something as easy as going with your local bulk REO property expert with direct access to the coveted lists.

A great way to stop wasting time and start making money.

5. Access to shadow inventory

Shadow inventory, a simple way to call a list of 2 to 8

billions worth of homes in default and foreclosure, can have

grown weep and bulk REO investors pull their hair out in

frustration. Frustration because shadow inventory is one of

the best kept list in bulk REO purchasing. And “hair out”

because you must have it to make money on bulk REO. But

fear not. Join any Bulk REO expert and shadow inventory is

yours for the taking. And the money making.

6. Profit

Simply put Bulk REO Properties mean cash. With banks rolling bulk properties at low prices, entrepreneurial REO investors have unique chance to take advantage of favorable

conditions. Minimum investment for maximum cash. What more can an investor ask for?

7. Immediate income

Short of wining a lottery bulk REO is a perfect way to stuff

oneself with cash to the gills. By purchasing bulk REO





properties at 50% off and reselling them at full price, the

difference turns into immediate income. No waiting, no

hassling and no question about it.

So while bulk REO properties are not for the faint to heart, they

are definitely for the ones fond of money. Because any way you

spin this story, bulk REO purchasing means low risk and great

profit. Period.

Foreclosures of the Rich and Famous.

People who bought some of the most expensive homes in America now are far

more likely to be behind on their mortgages than are ordinary Joes–though the

ordinary Joes aren’t doing very well either in that department.

"These million dollar homes are a growing number of Bank REO Properties" How

would you like to buy one of these million dollar homes for pennies on the dollar?

To find out watch the videos and read the article...

► Make $997,352 in equity “literally overnight” in this extended real estate

crises. (And make plenty of cash flow to pay all your monthly expenses!)

► Buy quality income and cash producing real estate for as little as 5 cents on

the dollar. (Yes this is shockingly easy!)





► Discover how to: Instantly buy property at wholesale prices and sell for

retail like the professionals do. (So simple, the 1st time you try it you will be

hooked!)

► The amazing “Bulk REO Quick 3-Step Shortcut” to pocketing $50,000 cold

hard cash from your first deal. (This simple method requires no property

management skills.)

► Quickly turn one successful deal into another. (Repeat this simple step until

you are overjoyed with your income.)

Why Buy Bank Owned REOs Instead of Short Sales

Question that often pops up is – why go for Bank Owned REO

properties instead for short sales? It really all comes down to

which method brings you more money, at lower risk, faster. With

current market conditions real estate investing is hard enough.

Now more than ever, it is time to go with strategy that

guarantees success.

Comparing short sales with Bank Owned REO properties is really

comparing pears with apples. The script is the same. The

differences are in lender’s legal ownership of the property, sale

conditions and consequently the sale price.

It is a familiar story. Homeowner is behind on their payments and

the property is heading toward foreclosure. And it goes two

separate ways from there.

Short sale is sale of distressed property before it hits auction. The

property is owned and sold by the homeowner. Bank or mortgage

lender agrees to discount a loan balance on the property, the





owner sells it for less than the outstanding balance of the loan,

and turns over the proceeds of the sale to the lender.

Consequently, homeowner will try to get as much as he can out

of the sour deal and hike up the price. The homes purchased are

as is, and chances of having homeowners do repairs are slim to

none. Can you blame them? In short sales, the homeowner’s

motivation is money. And 100% of the time they will go for the

highest offer. Similarly they will wait to make the sale to make

sure they receive the highest offer. You may spend good time

waiting and never hear back from the seller. Waste of time and

money, wouldn’t you agree?

In bank owned REO’s, the bank owns and sells the property. Bank owned REO property has been acquired by the lender through a foreclosure action. Banks really do not care for keeping the property. For them property means maintenance. And maintenance means loss of money. This is why banks will let the bulk REO properties go for much less than the loan balance. In fact, banks is so willing to get rid of REO that it is possible to

make an offer contingent upon an inspection to see if any major repair work is needed. And with the owner out of the picture buying Bulk Bank Owned REO means no haggling, great price and in short - a sweet deal. The bank’s motivation is to sell properties fast. While bank will not go unreasonably low, the highest price will still be well under the short sale price. And auction style sales means you will know where you stand in short order.

As a serious real estate investor you have to ask yourself a question: What is your goal? Serious money or counting pennies? Are you willing to wait and risk ending up with a zero?





Or - would you rather swoop in and score a handful of properties

for a great price at …say…..50% off? I think the answer is clear. To make good money - you must act fast. See the deal, grab the deal and run with it. Otherwise you will be left out in the cold.

Non Performing Loans vs REO Bank Owned Property: How Do They Differ?

To make real estate investing work for you, you must always take

into consideration economic conditions that dictate which type of

real estate investment is the best choice at any given time. Do

you know your basics? What are Bank Owned REO Properties or

non performing loans? What is the difference between the two? It

is quite simple really.

Both non-performing loans and REO Bank Owned Properties are

the unfortunate children of economic fall down. As economic crisis

takes swing so does loosing homes as struggling homeowners

cannot keep up with loans and mortgages.

An adaptation of the well know children rhyme “First comes a non

performing loan then a foreclosure” does well to illustrate the

progression of distressed property handling and the major

difference between the two concepts. Whereas they undoubtedly

trod the same road, the difference in how far along the road each

is.

Say a homeowner cannot afford to pay a loan anymore. First

month the bank lets it slide. The second month, they mail the





letter. The third the gavel comes down – the property has been

declared a non-performing loan. For all intents and purposes non-

performing real estate loan is a property loan that has defaulted

or is in danger of defaulting when homeowner cannot make

payments any longer. With some exceptions, three months is all

a homeowner has to turn over the dough before his loan is

declared non-performing. And current economic conditions being

as they are, non-performing loans are sprouting like mushrooms

after rain. Financial corporations specializing in non performing

loans will help with purchasing a loan that best fits individual

financial portfolios. By liquidating involved assets they can

realistically provide a good value. But not a 50% discounted

price. Not with complementary property repairs. Not bulk. And

certainly not without tons of paperwork and fees. None of the

things Banks Owned REO can and will do to move the sale along.

Bank owned REO property, on the other hand, is the next step in

the distressed property timeline. No payment on a property loan

will sooner or later result in “walking the plank”, in other words

the dreaded foreclosure. Foreclosure unceremoniously plunks

down distressed property to the auction table. Properties that

cannot be auctioned off it end up as Bank Owned REO Properties.

With current economy banks have a veritable tsunami of real

estate properties coming their way. Wildly scrambling to regains

at least some money and clear the books, banks sell Bank Owned

REO Properties like tomatoes on local market, at a discount, liens

and other expenses on the home removed.

While both are viable options for a real estate investor, everyone

wants to buy where a deal is better. And in real estate,

affordable, bulk, plenty and flexible of Bank Owned REO is a far

better than a sometimes, costly, and rigmarole non-performing

loan.





And who wouldn’t go for a deal that will brings maximum profit

on a minimum investment, fast.

What is a BPO? Brokers Price opinion?

What is a REO property worth? How do you know you are paying

a fair price? Who calls the shot? The answer is - Brokers Price

Opinion (BPO).

Three little words define how the banks, lenders and mortgage

companies value and price properties where:

Appraisal is not deemed necessary Delinquent property is pending foreclosure Property is about to be refinanced

Somewhere along the distressed property timeline, banks want to

know what’s in it for them. Can they realistically sell it or ship it

over for a foreclosure, auction and ultimately bank owned REO.

Broker Price Opinion (BPO) is an affordable and great way to

figure it out. Based on Broker Price Opinion (BPO) banks make

the verdict and set the price. Properties that are valued high go

to short sales and those that are low go straight to foreclosure

and bulk reo sales lists.

A broker evaluates a property and gives estimation on its value

by assessing the following:

Comparable properties value Local sales trends, Associated costs of having a readying a property for a sale The Cost of repairs, if any, needed

There are two ways a broker can go about this:





Drive By BPO or, Internal BPO

Drive By BPO

Drive By Brokers Price Opinion (BPO) have very specific and variable information requirements. Typically Drive By Brokers Price Opinion (BPO) involves an evaluation of property condition, location, conformity and amenities, including but limited to:

Broker information Property type, style and age. Property size, square feet, lot size, number of rooms Property Location Conformity to neighborhood and zoning Exterior feature evaluation and condition. Habitation status. Occupied or not? Amenities. Parking, pool, gym? Property photos. Two minimum Minimum of three recently sold comparable properties Minimum of three currently listed comparable properties.

And for all that, the price of Drive By Brokers Price Opinion (BPO)

is a round $50.

Internal BPO

An internal Brokers Price Opinion (BPO) is another story all together. Broker goes after everything covered in Drive By BPO and then details interior. Square footage, room count, room

photos are all collected, including:

Room measurement. Square footage. Condition of interior features. Value adjustments to comparable values Room photos





Interior damage photos Repair estimate if applicable

Cleaning estimate

Internal BPO may also include taking care of:

Lock rekeying Winterization. Trash removal Snow removal Damage repairs Trash removal

Securing the property

And of course, with all that an Internal Brokers Price Opinion (BPO) rakes up to a nice price tag of up to $175.

Costing less that appraisal, Brokers Price Opinion (BPO) is a win-

win solution for anyone, for the homeowner looking to refinance,

for lenders looking to put a property to foreclosure auction, banks

figuring out prices for bank owner REO properties, and for the

real estate investor looking to cut a deal.

Banks Are Bracing for a Tsunami Of REO Properties

That They Will Own!





According to RealtyTrac.com, as of June 16 there were 9,054 Queens’s

residences which the banks had placed into default since the middle of

February 2009. Of these, 2,550 have been in default for more than a

year. None has been foreclosed by the banks yet. Every one of these

owners who is occupying the property has been living basically rent-free

since stopping the mortgage payment.

More than 4,000 of these homes have outstanding mortgage debts in

excess of $400,000. Over 2,500 have mortgage liens of more than

$500,000.

When RealtyTrac is unable to obtain the outstanding mortgage debt

figure, it lists the amount for which the owner is in arrears. Here is the

real shocker. More than 3,500 properties have arrearages listed, some

as high as $100,000. Roughly 280 of these owners owe anywhere from

$25,000 to $100,000 in delinquent mortgage payments. Those with

arrearages of roughly $100,000 have not paid a cent to the lender in

about three years.

Banks will be desperate to unload these properties in a big way...

Nice deal isn't it? Let's not feel too sorry for these poor folks.





Without a doubt, the word has spread throughout Queens that the banks are not

foreclosing on owners who stop making mortgage payments. It is not very

surprising, then, that an incredible 11.2% of all borrowers are now delinquent in

their payments by 60 days or more. This figure comes from Trans Union, the

credit-reporting firm, which puts out a quarterly mortgage delinquency study

based on a database of 27 million anonymous credit reports. That is up from only

7.2% a year earlier.

Find out what you need to do today to make a huge amount of money from

these bank owned REO properties...

How many delinquent owners are we talking about? The borough has roughly

250,000 single-family homes and another 240,000 units in 2-4 family houses

owned by investors. Even assuming that roughly 1/3 of these owners are

mortgage-free, at least 25,000 properties are seriously delinquent now.

"The banks must sell these distresses properties in "BULK" you can get the

very best deals sometimes for as low as 5 Cents on the dollar if you only take

the time to learn to get the banks to offer you these deals"...

Top 35 List of REO banks with REOs to sell

In bulk REO property investing getting to right REO lists is crucial

and going straight for the best source is the way to go. Like in

any market, in Bulk REO there are the top dogs, the favored few

and the powerhouse banks behind property lists. The top 35 REO

banks with red hot REO properties to sell are:

1. AmSouth Bank

URL: Regions Bank Owned

2. Bank Of America

URL: Bank of America Bank Owned

http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp

http://bankofamerica.reo.com/search/PropertySearch.aspx





3. BB&T

URL: BB&T© Bank Owned

4. Citibank

URL: Citibank Owned

5. Compass Bank

URL: Compass Bank Owned

6. Fannie Mae

URL: FannieMae Bank Owned

7. FDIC

URL: FDIC Bank Owned

8. Fidelity National Financial

URL: FIS Bank Owned

9. First National Bank of Alaska

URL: FNB Alaska Bank Owned

10. First Preston

URL: First Preston Listings

11. HMBI

URL: HMBI Property Search

12. Home Loan Bank

http://www.bbt.com/bbt/applications/specialassets/search.asp

https://www.citimortgage.com/Mortgage/Oreo/SearchListing.do

https://www.compassbank.com/appforms/properties/index.jsp

http://www.fanniemae.com/reoSearchApplication/fanniemae/reoSearch.jsp

http://www4.fdic.gov/DRRORE/

http://www.fidelityinfoservices.com/fnfis/markets/financialindustries/mortgage/defaultsolutions/techsolutions/buybankhomes

http://www.fnbalaska.com/363.cfm

http://www.bidselect.com/?siteid=62400

http://www.hmbireo.com/listing.php





URL: Home Loan Bank Owned

13. HSBC

URL: HSBC Bank Owned

14. HSBC Commercial

URL: HSBC Commercial Owned

15. HUD

URL: HUD Owned

16. Indy Mac Bank

URL: IndyMac Bank Owned

17. Integrated Asset Services

URL: IAS Bank Owned

18. JP Morgan Chase Bank

URL: JP Morgan Chase Owned

19. Kennedy Funding

URL: Kennedy Funding Owned

20. Kentucky Housing Corporation

URL: KHC Owned

21. Keystone Asset Management

URL: Keystone Asset Management Bank Owned

http://www.hlibreo.com/

http://www.banking.us.hsbc.com/HICServlet?cmd_PropertySearchDefault=cmd_PropertySearchDefault

http://www.us.hsbc.com/1/2/3/business/borrowing/real-estate/for-sale

http://www.hud.gov/homes/index.cfm

http://apps.indymacbank.com/individuals/realestate/

http://www.iasreo.com/homesforsale.aspx

https://crela.chase.com/LDSWeb/propertyListing.do

http://www.kennedyfunding.com/for_sale.html

http://www.kyhousing.org/apps/REO/

http://www.keystonebest.com/reo/reo_inventory.asp





22. Lenders Asset Management

URL: Lenders Asset Management

23. M&T Bank

URL: M&T Bank Owned

24. National Bank of Arizona

URL: National Bank of Arizona Bank Owned

25. NewBridge Bank (former Lexington State Bank)

URL: NewBridge Bank Owned

26. Ocwen Financial

URL: Ocwen Bank Owned

27. People’s Bank

URL: People’s Bank Owned

28. PNC Bank

URL: PNS Bank Owned

29. Premiere Asset Services (Wells Fargo)

URL: Well Fargo Bank Owned 30. Private Financial Services (Bank of OK)

URL: PFS Bank Owned

http://www.lendersreo.com/DefaultServices.aspx

http://services.mandtbank.com/personal/mortgage/reomort.cfm

https://www.nbarizona.com/BankOwnedProp.htm

http://www.newbridgebank.com/property_for_sale.asp

http://www.ocwen.com/reo/residential/res_reofindbystate.cfm

http://www.peoples.com/about/community/0,8397,1355,00.html?cm_mmc=Peoples-_-Redirects-_-/im/cda/multi_elements-_-1355#rbo7

http://www.realtyservices.pnc.com/

http://www.pasreo.com/pasreo/public/propertySearch.do

http://www.bokproperties.com/realestate/search.asp





31. Regions Bank

URL: Regions Bank Owned

32. Zions Bank

URL: Zions Bank Owned

33. U.S. Bank

URL: U.S. Bank Owned

34. Unity Bank

URL: Unity Bank Owned

35. Western Bank

URL: Western Bank Owned

The golden rule of sales stands - for the best deals go directly to

the supplier. And for real estate investor that means going to

banks for bulk REO lists to fully profit from toe curling discounts.

You don’t have to go trough a middle man. You don’t have to

share toys. You do not need someone else to make introductions.

You can have your cake and eat it too. Successful ROE investors

known that to make it, they must go straight for the top. So -

smile and introduce yourself “Hi I am so and so, the real estate

investor. I am here to take bulk REO off your hands. You will love

my offer and here is what I can do for you…”

You will like the results.

http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp

http://www.zionsbank.com/foreclosed_properties.jsp?leftNav=specialty_fore&topNav=sbanking

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/reoPropertiesReq.cfm

http://www.unitybank.com/propsales.asp

http://www.wbpr.com/WBPortal/Resources/?ResourceName=%7b8103FCEA-0BF8-40DF-BBB8-3B47B6BD4050%7d





Why Bulk REO investing is a great investment strategy?

Bulk REO investing is a saving grace of many real estate

inventors desperate to climb out of the recession hole. And with a

good reason. Bulk REO is a sure way to bring in millions for

pennies. All you need is nerves of steel, good guts, solid strategy

and great love for what we all hold dear- money.

Love for money is a given if you take time to read this article. So

are the guts if your bank account is on a ready. We will supply

the strategy and nerves of steel come with practice so don’t

worry about that for now.

After all, bulk REO investing all it is not much different than

paying poker. With cards open. Oh yes! In Bulk REO all cards are

on the table and your bank account better be on a ready. Rules

are simple enough. Keep your cool, don’t expect miracles, don’t

bet too high, be good for your money and for god sakes do not

try to cheat- you will be caught. Play the right card at the right

time and you will clean the table.

What it comes down to is that as far as strategy goes, Bulk REO

investing is your game as it has easy to follow rules:

Going is good while demand is high and supply good.





REO's Are Exploding In Affluent Areas All

Across The Country

Scottsdale Foreclosure Map

This big blob of green is a map of foreclosures for sale

and pre-foreclosures (potential short sales) in Scottsdale

and Paradise Valley. If you think the bottom of the real

estate market is here, think again.

Remember, these are places that are still for sale — this

map doesn’t count foreclosures that have already sold,

or those on the way. With mortgage payments late or

foreclosure underway in more than 1/10th of the houses

in the country, and the Scottsdale/Phoenix market worse

than the nation overall, you can bet home prices have a

long way down to go.

This trend is likely to continue as the real estate market

limps along for the next two to five years banks and

lenders will be looking for investors to buy these REOs.

With so many properties

going in foreclosure,

supply of bulk REO is

reaching epic

proportions. Banks are

itching to clear out their

over-flooded books.

Demand for money

making flips is high

perfectly matching the

supply. It is clear skies

for a gutsy REO investor.

Bulk REO sets

realistic goals.

Think millions, not

billions and you will

better be able to gauge

the angle, the

investment needed and

the weighed risk. There

is nothing worse that

trying to jump a mile and

falling short by a meter.

Start smaller, work your

way up and you will

succeed.

Good reputation

reels the money in.

We all have to start

somewhere. Same with





Bulk REO. Do not hesitate to contact the bank with a nice

rooster of Bulk REO ready for taking. To pony over Bulk

REO, banks want to be sure you are good for it. You need to

build trust. Start off with a few smaller investments to build

credibility. Once you have it, you are on your way to the big

leagues.

Open cards.

Bulk REO is a simple transaction with simple rules. You pay

and banks give you Bulk REO. Going in with the major bank

guns blazing just to kiss the wall when they ask for few

million you know you don’t have - is bad. To avoid having

the door slam shut in your face, be honest. Communicate

your budget, start with smaller banks and move up. Banks

love a reliable investor.

Adaptability.

With bulk REO, you can work on your own schedule and at

you unique abilities. The wonderful thing about Bulk REO is

that it works with any budget. If few million is out of your

reach start smaller. Low risk means anyone can make it in

Bulk REO investing as long as they apply solid business

practices.

Bulk REO is the investing of the future. As strategy and income

builder it is superior to many investment strategies that deal with

red tape and small print. By borrowing from established practices

of simple supply and demand, Bulk REO is simple the best thing

around.





Hedge Funds and Savvy Investors Buying Bulk REOs

Some of the savviest investors on Wall

Street, including some who made billions

on the housing bust, now are snapping up

barren plots of land in places like Las

Vegas and Phoenix.

Hedge fund Paulson & Co., which made a

fortune wagering that the housing market

was overvalued three years ago, is now

making a bet that land is undervalued and

that it can profit from reselling lots to

home builders. The firm is bidding on some 8,000 residential lots in Arizona,

Colorado and Nevada owned by home builder Tousa Inc., according to people

familiar with the matter.

Smart lenders will be looking for conservative lending practices to loan money

in this recovery period. One’s that are safe investments with little collateral risk.

Why you should be approaching Commercial Banks — for both financing and

for finding REO properties.

Start finding banks and lenders in your area that have fantastic deals waiting

for you. Get the course on Ultimate Bulk REO Secrets to get started.

Make $100,000 on your next Bulk REO Purchase

All set to purchase Bulk REO? Ready to start making money? How

much money can you realistically hope to make? Quite a lot

actually. The conditions are so good you are looking at six

figures. And making a $100 000 off of bulk REO purchase is as

easy as the 1,2 3:

1. Timing.





Now, more than ever, is the right time to purchase Bulk

REO! With current economic dip, there is so much Bulk REO

to go around that banks are throwing it on the market at

50% of real value. You can realistically expect to make a

great investment and flip it for a good profit. Financing is not

a problem, the risk is minimal and the money is great.

2. Deals.

There are a lot of great offers out there – and a lot of was to

make a great deal! Bulk REO profit depends on what kind of

deal you get. In equal parts luck, access and good

networking, making a great deal is as easy as being at the

right place at the right time. Get access to bulk REO lists.

Build good relationships by covering your investments.

Mingle. Get your name out there. Network. Ask for

professional help. Like in any other business if you want to

make a great purchase and sell at a good price you need the

right connections. That means going with bank or becoming

a Tier 1 buyer. Either way you get to purchase bulk REO:

Wholesale

At great discounts

With maximum sale potential to secondary buyer

Right connections also mean more financing. Leave the

stories of million dollar investors to fairytales. Realistic aim

is to get few investors in on the deal and make the offer.

3. Commission.

No one works for free and neither should you. Set a good

commission! There are three ways to go about it:

Mandate or Broker





Cash Buy Approach Rent or Sell Approach

Mandate or Broker

The profit on purchased Bulk REO depends on how well you

can spread the price. You need to have a clear goal of how

much money you expect to get and set your commission

accordingly.

What is you commission? One percent? Three percent?

More?

What is you commission goal? $10, 000? $50, 000? $100,

000? Yes?

If you purchase Bulk REO for $1 million and sell it at 1 %

commission all you get is $10 000, a paltry pickings for the

new mover and shaker. At 3% you get a round $30 000 and

some regrets. With commission at 10% and $1.1 million

sale, voila a nice round $100 000 goes straight to your

pocket. Get the picture?

Cash Buy Approach

No banks? No connections? No problem! Work as Tier 1

buyer! Tier 1 is private equity hedge funds, real estate

investment trusts, or high net worth investors who can

finance bulk REO packages of 100 plus properties

Rent or Sell Approach





After you purchase Bulk REO you have a choice- you can sell

it or rent it. Traditional mortgage is a nice way to make

money off of purchased Bulk REO.

REO sales offer great opportunities. You can make as much

as $100 000 profit when you purchase bulk REO. It all

comes down to making the right connections picking a good

deal and making a smart sale.

Buy Bulk REOS from 40% to 91% discount

Ever wonder where you can get the cheapest bulk REO for your

money? Yes, you can buy Bulk REO for up to 50% discount. How

about at a 90% 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 % 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% 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% 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?





Bulk REO Purchase Procedures

The main advantage of Bulk REO Purchase Procedures is the lack

of red tape slowing down mainstream real estate sales. Bulk REO

purchasing follows a simple, yet effective and well outlined

procedure, a go-between between the Buyer, Escrow, Buyer’s

bank and Broker of Records to obtain required information and

satisfy sale conditions. The goal of purchase bulk REO procedure

is to define the property, the buyer, the seller, sale price and fund

information. The process requires completion and submission of

Bank Letter, Confidentiality and Non-Circumvention Agreement,

General Fee Agreement and Buyer Profile trough ten well defined

steps:

Step 1: Completing and transmitting of purchase bulk REO agreement. Buyer’s Mandate/Buyer sends a completed purchase bulk REO agreement to the Real Estate Company via email/fax/upload.

Step 2: Transfer of purchase bulk REO agreement to Escrow. The Real Estate Company transmits this purchase bulk REO agreement to Escrow and the Broker of Record.

Step 3: Based on the received purchase bulk REO agreement Escrow quotes and transmits Buyer’s mandate/Buyer the request for a Bank Letter.

Step 4: Buyer’s bank transmits the Bank Letter to Escrow.

Step 5: Escrow Officer verifies the funds by contacting Buyer’s bank and, conditional to positive results, notifies the Broker of Record.





Step 6: Broker of Record forwards the offer with the bank proof of funds for purchase bulk REO agreement to the REO

bank, who puts it into queue to be sold to the highest bidder.

Step 7: if Buyer’s bid is accepted, the selling REO Bank

takes the next step by:

o Sending the tape to the Seller’s Agent for delivery to the buyer

o Blocking the tape in the Buyer’s name for a 3 day

period.

Step 8: Depending on the seller, the buyer is given an exclusive 48 hour period to examine the tape and decide if he/she wants to proceed in performing his due diligence. Buyer that wishes to precede wires a deposit to Escrow’s banking coordinates. Deposit, when received, continues to block the tape for the buyer’s benefit.

Step 9: To complete the sale by wiring Purchase Price as

stated to Escrow for the purchase bulk REO package he/she

has chosen, buyer has:

o (3) Banking days from the time he/she has wired the deposit for any order of $25 Million or less.

o (5) Banking days from the time he/she has wired the deposit for any order over $25 Million.

Step 10: As the last step of bulk REO sales, the Escrow

Officer arranges for Title Insurance, transfer documents, and all other forms necessary to close escrow. All payees must e-mail the Broker of Record their banking coordinates so their commission checks can be sent to them. Escrow closes and pays all concerned.





During proceedings Confidentiality and Non-Circumvention

Agreement is singed and stamped by all parties. General Fee Agreement is completed and validated. Depending on the agreement, Buyer irrevocably instructs Escrow to release a small percentage of the selling price, payable in equal amounts to the Buyer’s Mandate (where applicable), Seller’s Representative/Mandate (where applicable) and to Real Estate company involved. For selling price percentage of 3% this means 1% to each of the three parties involved.

Is it possible to back out of the deal? Yes, there is a procedure

that lets you back out gracefully. In cases where a Buyer does

not wish to proceed with property acquisition, he/she are obliged

to notify Escrow. Escrow will refund 90% of the deposit, with the

non-refundable 10% used to liquidate damages. Following

completion, bank makes the REOs available to the next highest

bidder. Escrow notifies the Seller’s Representative, who in-turn

notifies all payees, should the transaction fail to close.

Simple, effective and precise - Bulk REO purchase procedure is

designed to ease the process and make all parties happy. Bank

gets the money, administration gets detailed paperwork and real

estate investor gets bulk REO hassle free and in short order. No

wonder so many real estate investors are flocking down to

purchase bulk REO.

What is a Wholesale Bulk REO Purchase Program?

Wholesale is the next level REO purchasing for experienced wholesale buyers. It is essentially going from dabbling with smallish REO packages to swimming with the sharks. As one of them. As intimidating as it may seem, wholesale bulk





REO is really an easy to follow process. Wholesale Bulk REO takes advantage of a small window of time where REO properties are

available for quick purchase in national and state pool runs before they are moved over to traditional liquidation programs. With wholesale bulk REO timing and acting fast is everything. Once the deal is gone, it is gone. Wholesale bulk REO is available trough proprietary inventory access from the top 50 banks, hedge funds, insurance inventories, and mortgage companies. With minimum order set to $10,000,000 to unlimited, the possibilities are endless. With

something as great as wholesale bulk REO there are few requirements, representations, warranties and special instructions that must be followed. To get a fast train to wholesale bulk REO, there are few requirements:

1 Signed Mutual Non-Circumvention/Non-Disclosure Agreement

2 Signed Buyer Profile Form

3 Signed Custom Purchase Order Form 4 Letter of Intent 5 Letter of Credibility/Credit

Representations and Warranties for wholesale bulk REO include:

Portfolio and Order Profile: o Assets are sold as is o Acquisitions division will try to match the asset pool

with the Buyer’s Profile and Custom Order o Exceptions are minimal o Picking/ choosing not available o Property pools are formed from a single or more asset

providers.

Purchase Contracts





o Variable on case basis

Asset Representations:

o Fully foreclosed o No outstanding liens or encumbrances o Clear title commitment issuance at closing o Buyer foots other closing costs

Special instructions for wholesale bulk REO include:

For a Pre-Program, depending on a case:

o Complete Mutual Non-Circumvention/Non-Disclosure Agreement (One time only)

o Complete Buyer Profile Form (One time only) o Complete Custom Purchase Order Form (For each

order) o Submit Letter of Intent (See sample below: Must be on

buyer’s personal or Company Letter Head. It should include info from the profile, purchase order, exit

strategy and future order intentions. Must be written in paragraph form)

o Submit Letter of Credibility/Credit - This is NOT Proof of Funds. Letter must be from a bank, mortgage broker, hard money lender, or attorney, stating the buyer can perform on the size of the portfolio the buyer is requesting.

o Have Proof of Funds available to provide directly to the source

For Source:

o Source Contact o Source will contact the buyer. o Source works directly with the buyer, after Proof of

Fund and verification completed





Custom order placing

Property list is given to the buyer Due diligence period is three to five days, depending on

source Properties are to be verified with source Closing involves working with Title Company

While wholesale bulk REO does require some effort and qualification, the discounts and profits generated well justify the little work needed. Anyone who’s in real estate investing

dreaming of making it big is well advised to take time and effort to explore wholesale bulk REO.

So what can you do now to get started in Bulk REO

Investing?



Best Of Success!

Mark B. Bradley

St Louis MO USA

If you have any questions here’s my personal email

address. Shoot me a line.

[email protected]

P.S. Send me success stories too!


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