Custom Order
Let’s go over a few facts about Custom order Bank Bulk REO:
- There is no Custom Order division or department of any bank or group of banks.
- “Compiler” is not a job description listed on any bank company directory in the country.
- Banks do not allow their assets to be combined with other bank assets in some “multiple bank” kind of way. The only way you will see multiple bank assets available on one list is when they are being offered through a Clearing House
- Clearing Houses do not aggregate or compile lists of properties available for purchase, however they offer them as they receive them – usually on a monthly basis – to their approved buyer list. You will not see these lists unless you an approved buyer.
- Clearing Houses historically offer only the rock bottom, cheap, unsellable by any other means, houses in Bulk – usually less than $20,000 “per door”
- This is the definition of BULK REO.
The facts above have been hard and fast for the last few years – until recently!
There are a VERY FEW select banks and Hedge Funds that do allow their accredited investors to “request” assets in certain areas, however there are a limited amount of properties in specific areas.
The principals will be willing to fly to meet you at your location to discuss your purchase if you are able to produce a company profile and describe your experience with purchasing Notes and or REO.
If you are looking for assets in a specific state, or county, please contact us and tell us what you are interested in. Access is available to Cash Buyers ONLY. There is an interview process that you must pass – absolutely no rented funds, transactional funds, or double closings allowed.
