Bank REO Transactions
The bank owned REO market is growing every day but good inventory is still substantially unavailable to smaller investors (less than $500 million). Bank asset managers have been giving top preference to cash-flush hedge funds capable of taking down very large portfolios in a single transaction, thus leaving the independent investor the daunting task to sort out real deals amongst the garbage.
We have relationships with several funds that typically make very large purchases and break them up into smaller offerings. There is always a list of qualified, proofed-up investors signed up to purchase individual break-outs or traunch. If you or your buyer is serious about making an immediate bulk REO purchases, we can facilitate that need without any nonsense. Be prepared to paper-up (MFA / NDNC). You can proof up through the seller's attorney or title. If you are an intermediary, try to be direct as possible.
"The goal of an intermediary is to connect buyers and sellers", not to orchestrate the deal. The faster you can consummate the connection, the faster you will be paid. No legitimate buyer or seller will risk circumventing the parties that led them to a good deal. If they did it would be their last deal.
Whether you are a buyer or seller, Intellative can help you with your transaction. We prefer to function as the buyer’s mandate/agent and get the deal done efficiently and with the highest degree of professionalism and integrity. We also intermediate transactions and know how to quickly paper-up everybody in the middle to connect the buyer and seller together and facilitate a fast, smooth transaction.
Over the years Mr. Keller, Chairman of Intellative, Inc., has developed deep-rooted relationships with top-level professionals and executives throughout the banking, financial and investment communities. As a result, we have quality connections on both buy and sell sides of REO opportunities. Our team is usually direct to the source, and if not, we’re affiliated by contract.
Nationwide, roughly 1.3 million homes were in foreclosure at the end of the first quarter. WSJ June 11, 2008
Do we deal with intermediaries? Yes - if you are professional in your dealings, have a history of REO business integrity and are prepared to connect the parties together that will consummate the deal. Please use our contact form to provide your basic information and the nature of your request. Mr. Keller or an Intellative Team Member will get back to you as soon a possible.
One of our valued affiliates can pull directly from all the major banks, institutions, hedge funds, clearing houses and Wall Street . Intellative can be your one-source REO solution.
Wishing you success in your REO venture, J. Stuart Keller, CEO