Century 21 Now Selling Bulk REO Homes at WHOLESALE PRICES

Introduction – What are Bulk REOs?

 

Bulk, or wholesale real estate owned (“REO”) properties are homes that the bank has taken possession of as a result of the nonperformance of the borrower.  Across the United States thousands of homeowners are defaulting on their mortgages for a variety of reasons.  The banks, left with huge inventories with no way of effectively divesting these properties, turned to their asset managers to sell these homes in large packages. Most lenders have fewer than five asset managers, thusly making developing relationships with these asset managers very difficult. We work directly with a local company that has fostered relationships with dozens of asset managers representing some of the largest US banks, the FDIC and government sponsored enterprises including Federal Home Loan Mortgage Corporation (FHLMC) or Freddie Mac and Federal National Mortgage Association (FNMA) or Fannie Mae.

 

How do I make money with Bulk REOs?

 

These large packages of bank owned properties are sold in groups ranging from $500,000 to upwards of $10 million dollars.  Our investors purchase these groups of properties wholesale and entrust Century 21 to resell the homes quickly on the retail market for a profit.   These properties are typically purchased in bulk for approximately 70% below their fair market value.  After the properties are purchased, the owner can resell, rent or auction the homes. 

 

Considerations to make when Purchasing Bulk Reo Packages: 

Who will sell, rent, or land contract the property after I have purchased them?

Our national brokerage will do just that.  Century 21 is the LARGEST international brokerage in the world.  With over 40 years in the industry, Century 21 International leads the way in developing progressive investment strategies through the development of new investment opportunities.

 

How do I deal with tax and legal issues when working with properties in different states?

When working with properties located across the country it helps to have a central point of contact to answer all real estate questions.  Century 21 has offices in every state and in all major US regions.  We have access to national and regional offices whose staff of legal and tax professionals are available to call upon when needed.

 

What if the package I am bidding on does not meet my specifications?

Packages of homes become available at all times. If the package you are looking at does not fit your needs you can forgo the package and bid on the next.

 

What is the timeline for making a decision?

Once the funds are verified and the documents are in place, you have 48 hours to perform any due diligence. The due diligence will be performed by a combination of the investor, our office and third party vendors. The process varies by investor, but normally involves analyzing any available images of the property, satellite imagery and evaluating both local and regional economic indicators and trends.

 

What do I need to do to get started?

Please contact our office using the information below. We require a minimum investment of $500,000, in liquid funds that are verifiable. We also conduct interviews with all our investors to ensure that our investment opportunities meet their needs.

 

Where can I go to learn more about Bulk REOs?

We are available 24/7 via e-mail at bhatton@signlanguagerealestateagent.com and via telephone at (510) 494-2120. Other forms of communication i.e. Skype are also available for international investors.

Century 21 M&M and Associates

Brad Hatton

Realtor

39180 Liberty StreetSuite 205FremontCA94538
Business:(510) 494-2120
Fax:(510) 550-7408
CalBRE License #:00985714

A Better Way to Buy and Sell Real Estate

This is a one-stop real estate website for all your home buying and selling needs in Fremont, CA.

Contact us if you'd like more information on finding your dream home or preparing to sell your home.
www.signlanguagerealestateagent.com is powered by Homes.com & Brad Hatton, number one in real estate for Fremont, CA © Homes Media Solutions
All rights reserved. All information deemed reliable but not guaranteed