Bulk REO properties direct from the Seller!
We work for, and with, some of the top Bulk REO Clearing Companies, Private Sellers, REITs, FUNDs, Trusts, and Publicly Traded Companies.
Having a hard time finding millions of dollars worth of Bulk REO?
Looking for Special Order or Custom Lists?
I have been in the bulk arena for over 2 years and after all this time in this business; I am finally done with chasing multimillion dollar tapes and the Billion Dollar REO Dreams being offered by dozens of supposed “reps”………. I have heard every story from every mandate, rep, agent, consultant, broker, and intermediary / wanna be on earth – how about you?
It is no secret that information you see circulating the internet is not “real”. Assets are definitely taken down by large purchasers – I know because I work for several of them - but they are not dealing with intermediaries or middlemen to help move that product … not often I should say. But when they do the “Seller Rep” should be able to produce EVIDENCE that they are in a position to sell those assets – up front.
Please STOP being fooled!
I can help you Buy your Bulk REO Assets Directly from the trading desks of Wall Street!
Don’t get me wrong, I have had success and made money sourcing direct bank assets for several REITs. I have also, as a seller’s representative, sold a pile of cheap stuff – but the Custom Order – send me a POF and “I will put you in touch with the blah blah person that can order Millions or Billions of exactly what you want” just isn’t real !
There are smaller local banks and hedge funds that might be selling off assets but they are not selling off Hundreds of Millions or even Billions worth of assets as you keep hearing, and or reading about. The banks occasionally unload millions of dollars worth of assets directly to buyers they have already done business with, and no one you know even has access to that kind of volume… until now.
In short – I can assist a buyer to set up with their own Direct Wall Street Buying Account for the purpose of acquiring Mortgage Backed Securities (PNs & NPN’s REOs) from the trading desks of Wall Street – for pennies on the dollar.
Guess what – Wall Street is THE only place large volumes of PNs & NPN’s and REOs are available on a DAILY basis. Case in point, the other week we witnessed a NPN package of 600 MM released from a large institution sell for pennies on the dollar.
Once set up, a buyer will be using and controlling their own money to actually bid on assets that are released to the trading desk for a LOT LESS than you are seeing advertised on the internet. The account holder and the account holder only will control their funds. Certainly a buyer will have the chance to vet the entire procedure and be able to confirm the clearing firms the buyer will be set up under are licensed and verified so by Wall Street. If you are working with real buyers, then this is the only way to actually receive real product, don’t be lied to or waste any more of your time.
Now here is the catch – the buyers must be APPROVED for an account to purchase these assets and must deposit those funds into a verified clearing firm account that they control. Oh my, there is an actual approval process? YES…
This is NOT the same old run around – “Send ME your POF and NCND” fake garbage that everyone is peddling.
NO – this account is NOT my account, and the buyer’s account is NOT accessible by anyone except for the responsible officer or controller of the buyer’s company. The approval process will detail the history of the buyer’s board and officers, who their servicing company is and they might likely need to produce evidence they have the capability of servicing those assets. The buyer should also be prepared to submit banking statements and financials – to the Clearing Firm – NOT me!
There is no escrow to deal with because the buyer’s money in their buying account is also the escrow for closing on the buys.
This is very similar to setting up an Ameritrade account and trading your own stocks, only that real series 7 licensed individuals must be hired by the owner of the funds to actually buy these assets – surprised? You shouldn’t be… that is actually how Wall Street works!
Now before anyone calls me to ask “What do we get out of it” – if you are consulting a buyer, then become your buyers’ representative for selling assets and buying, this is where you make your money. That is where I will make my money also. Once your buyer purchases, then he is going to most likely going to need to sell some of those assets, and imagine how good that would feel to actually be in a position to sell some REAL ASSETS.
Wall Street Clearing Firm Acquisition Highlights
- $10,000,000 minimum
- Buyer must complete application and consultant agreement
- Buyer must have note servicing ability if buying PN’s or NPN’s
- Buyer controls funds
We do have the ability to help the 1MM + buyers, but setting up an independent account the way I have described, is really meant for clients that have a buying ability of 10MM+. ALSO NOTE: These are leverage accounts – 10 MM will get you 20 MM in buying ability !!!!
If you are interested in this program, Please provide the following basic information:
Are you a Buyer or a Consultant?
How much money is available to open your buying account with?
Do you service your own assets, or do you have a servicing company you work with?
Please use the contact link at the top of the page to reach me!
Warm Regards,
George Wagner