Buyers: We Have A Proven Record of Closing REO Transactions.

• Seller will accept orders at a minimum of $50 million in Purchase.
• At the same time we process smaller Purchases through our Seller's authorized Bulk Vendee.
• We only work with Direct Buyers and/or Reps of Direct Buyers

Procedures:

• Buyer must demonstrate POF that our in house legal counsel verifies
• Upon that demonstration, Buyer may submit desired geographical areas of purchase via email to us
• Depending on proposed size of Purchase, Institutional Seller or Authorized Bulk Vendee will provide corresponding portfolio within 24-48 hours
• In turn, Buyer will forward Indicative Bid at Asset Level Pricing
• Seller or authorized Bulk Vendee will accept bid and forward LOI, Confidentiality Agreement (CA) and Purchase and Sale Agreement (PSA) on Letterhead
• Upon execution of Seller's or authorized Bulk Vendee's LOI and CA, Buyer will commence 10 Day Due Diligence Period (DD) excluding weekends and holidays
• Buyer may fade up to 15% of portfolio
• Upon completion of DD, Buyer and Seller will negotiate FINAL OFFER and Buyer will place 10% HARD DEPOSIT to freeze Assets and will identify Pro-rated expenses
• That Price with Pro-rated expenses will be placed inPSA to be executed by Buyer and Seller
• Closing takes place three days thereafter

Bulk REO Program Details