Bulk REO PackagesBulk REO packages are offered at heavily discounted prices on the market
value and meant for short term as well as long term investors.
Bulk REO Transaction A bulk REO transaction takes place between a buyer and a seller. However, it is more involved than buying and selling. Parties Involved
A buyer's agent will work for the buyer to find the best possible deal. Intermediaries are connector's between buyer's agents and seller's agents. Intermediaries maybe more than one person at most times. A seller's agent will work for the seller to negotiate a deal with the buyer or buyer's agent.
Most bulk REO packages are sold in "as is" condition. The buyer can specify if he is looking for "heavy rehab", "light-medium rehab" or "no rehab." If a buyer is in the construction industry, the buyer can purchase packages that require rehab, rehab them and resell them in the open market. Some investors purchase properties that require no rehab and resell the
properties either individually or in smaller packages.
Take down price of a transaction is the price at which the the REO package is purchased. It is typically specified as the number of cents on the dollar depending on the "BPO." For instance, if a Bulk package has a BPO of $100Million and is sold for 60 cents on the dollar, the take down price of the package will be $60Million. The take down price also has additional points on top of it - around 3-4 points. 1 point is 1% of the purchase price. The points are shared between buyer's agent, seller's agent and intermediaries. The bulk REO investors are responsible for the paying the take down price and the additional points as a final price to complete the transaction. To request a bulk REO tape, please complete the form for FREE Request for Bulk tape for REO with your required specifications.
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