Bulk REO

Bulk REO refers to real estate packages in bulk. It is a combination of two words: "bulk" and "REO."

Bulk refers to large quantities.

REO is an acronym for "Real Estate Owned" and is typically a class of property owned by a lender - typically a bank. If a bank repossseses a property, it is listed on their books as REO. REO is categorized as a non-performing asset.

The term "Bulk real estate or REO" refers to real estate owned in large quantities. Typically, the real estate is owned by a bank; however, it can also be owned by a private seller.


How to purchase bulk real estate (REO)

Typically, bulk reo packages are purchased by bulk reo investors from banks or private parties in either a single or two transactions.

The reo packages are based on the request made by the REO buyer and a bulk tape is complied per the request.

The initial information to describe an REO package includes the following:

• Geographical location of the properties
• Number of properties
• Nature of properties: Residential or Commercial
• Type of rehab needed: Zero, light, medium or heave
• Nature of the seller: Private seller or a bank
• BPO and takedown price
• Passthrough transaction or not
• How soon the seller wants to close the transaction

Example description for a bulk package
A package with 100 residential properties in California with no rehab required is available. Coming from a private seller with a BPO of 30M and a takedown price of 18M. Seller would like to close transaction in 5 days.

Bulk REO portfolios are also available for commercial properties like apartment complexes, office space, hotels etc.

Where to buy bulk tapes for REO

In order to purchase bulk packages, the buyer can obtain them either from a bank or a private seller. The buyer usually approaches a broker, who can connect them to a seller's rep or seller's mandate through intermediaries. All parties involved in the transaction get paid.

In order to purchase a bulk package or request a bulk tape for REO, please complete the form for FREE Request for Bulk tape for REO with your desired specifications.

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