NPN's and properties in bulk
Posted in the Business News Forum
Since: Nov 10
#1 Nov 21, 2010
We have NPNs that are available nationwide except for CA (wait! See what we have for CA below). The buyer speaks directly to the seller and a tape is customized based on the buyer's criteria. The average BPO is $100,000 and they are selling at 30- 40% of BPO, depending on volume. The minimum buy in is $5MM.
Very shortly, I have access to the seller on a bulk SFR new program being conducted by a hedge fund. There are currently 55,000 SFRs allocated. The next tape will consist of 2000+ properties. All of these properties are bank approved short sales but the buyers walked due to the time involved with obtaining the bank approvals.
There were 1,677 properties on the first tape, 340 in CA, the balance in AZ TX, FLA, CO, GA, IL, IN, KS, LA, MA, MD, MI, MN, MO, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA. Because this was a test pilot offering, there was not a definitive protocol in place. The response was so overwhelming that the fund decided not to release the second tape until they had established an effective protocol. They are in the process of doing this now and will release the second tape in the near future.
They want investors willing to purchase a minimum of 50 properties @ 60-62% of the current BPO. The bank does not have the current BPOs so the investor is expected to get a CoreLogic valuation done and submit with their offer to purchase.
Each property will come with bank paying title, all back taxes, HOA dues/fines and cash for keys.
Any interest? E-mail me at RhondaWeldon@msn.com.
Since: Nov 10
#2 Jan 10, 2011
Buying and selling MTN's and BG's.
#3 Oct 18, 2013
GREETINGS.. FROM : firstname.lastname@example.org
PLEASE REVIEW THIS NON PERFORMING TAPE / PORTFOLIO FROM FLORIDA.
WE WILL NEED A SOFT " LOI " AND OFFER PRICE ALONG WITH ANY OTHER
DOCUMENT OR INFO THAT YOU MAY HAVE IN ORDER FOR US TO COME TO A
SMOOTH AND TIMELY CLOSING.
ONCE WE HAVE THIS INFO IT WILL GO DIRECTLY TO THE COMPILER IN THE
FINANCIAL DISTRICT IN SAN FRANCISCO , CA USA.
HE WILL THEN CONTACT THE NAMED PERSON ON THE " LOI " IN ORDER TO
COMPLETE THE TRANSACTION.
THE CHAIN = COMPILER .. DAN .. MYSELF .. YOU .. BUYER..= 3 PEOPLE
WE ALSO HAVE OTHER TAPES .. JUST LET US KNOW YOUR WISH LIST.
THANK YOU FOR YOUR QUICK AND POSITIVE REPLY.
MR JOHN R LOGGINS SR. PRESIDENT ..
1st WORLD INVESTMENTS GROUP S F , CA . USA.
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