Aug 10
11

New Fannie Mae Program

Fannie Mae Bulk-REO and NPN

Under the New Program, Fannie Mae:

  • Is unloading a large portfolio of REO and NPNs; both residential and commercial starting from August 2, 2010:
    • SFR REO in CA is between 40-45 | other states 30-40 (some areas are low 40s)
    • Purchase: No less than 5M and unlimited
    • No pass-thrus allowed
    • Recurring purchases can be setup in the system.
    • MFA will be stored electronically for 3 years.  Every time a buyer in the system purchases, fees will be paid out automatically.
  • Physically validates to make sure each house exists
  • Gets the house in broom clean condition
  • Provides Warranty or Grant Deeds (note: Quick Claim Deeds with old program)
  • Allows for custom order (note: Blind bid process with old program)
  • Plans to release products every 1st week of the month and 3rd week of the month.
  • Plans to deliver every 3rd week of the month for orders placed during the 1st of the month and every 1st week of the month for orders placed during the 3rd week of the month.
Posted in Bulk-NPN Bulk-REO by Tad Imuta. No Comments

Jul 10
18

Custom Tapes from Banks

Custom bulk-REO tapes & notes

  • We submit custom orders directly to Seller’s Mandate / Asset Manager of major banks, some smaller banks.
  • Our buyer will have exclusivity to review and purchase a custom tape
  • Orders can be placed for SFRs, multi-family, apartment complexes, commercial properties or notes in any state

We need POF / LOI / Buyer’s Profile.  Qualified & experienced buyers only.

Posted in Bulk-NPN Bulk-REO Custom Tapes by Tad Imuta. No Comments

Jul 10
8

Bulk-REO Status July 8

Buy

Our buyers are ready to buy the following:

  • 1M-2.5M Southern California (Los Angeles, Orange County or Riverside) SFR (up to 4-plexes) Target 60+3; any conditions; up to 70% BPO
  • 50M-1B California SFR Bulk Target 45-55+3; 0-med rehab; due-diligence 7-days
  • 100M California SFR Bulk Target 55+4; due-diligence 20-days
  • up to 1.5B California (can be Nationwide) SFR Bulk Target 40-60
Posted in Bulk-REO by Tad Imuta. No Comments

Jul 10
1

Bulk-REO Status July 1

Buy

Our buyers are ready to buy the following:

  • 1-1.5M Southern California (Los Angeles, Orange County or Riverside) SFR Target 60+3; any conditions
  • 25M Southern California (Los Angeles, Orange County or Ventura ONLY) Multi-family Bulk Target less than 60; 0-med rehab
  • 50M-1B California SFR Bulk Target 45-55+3; 0-med rehab; due-diligence 7-days
  • 100M California SFR Bulk Target 55+4; due-diligence 20-days
  • 300M California SFR Bulk Target 45-55+3

Sell

Our seller source(s) will be releasing the following TAPES soon:

  • (several) 1B+ California 45-50+5 SFR
Posted in Bulk-REO by Tad Imuta. No Comments

Jun 10
23

Bulk-REO Status June 23

Our Buyers

Currently we have the following buyers with LOI/POF:

  • (2) 10M S. Cal 55-65+3 SFR
  • (2) 100M S. Cal 55-65+3 SFR

Within 7 days; our buyers are getting LOI/POF ready for:

  • (1) 25M S Cal 50-60+5 Apartment Complex
  • (1) 250M S Cal 55+4 SFR

Our Sellers

Within 7 days, our sellers will be releasing the following TAPES:

  • (several) 1B+ California 45-50+5 SFR
  • (1) 1B California 58+3 SFR
  • (1) 168M California 70+3 SFR
Posted in Bulk-REO by Tad Imuta. No Comments

Jun 10
15

We Buy Bulk-REO Tapes

SELL us your $1M – $1B+ bulk-REO tapes

We want to BUY the following Bulk-REOs all the time:

  • 25M-1B+ California bulk REO tapes: Single family residential on a regular basis.  Must be less than 60% BPO including fees.
  • 5M-25M California bulk REO tapes: Single family residential; frequently.
  • 10-100M Southern California bulk REO tapes: Single family residential every week.

We want to BUY the following Distressed Properties at wholesale or at bulk all the time:

  • So CAL (especially Orange County) distressed single family residential properties. 10M-100M every month.
  • Century City distressed office buildings for less than 60% BPO including fees.
  • So CAL Triplexes and Fourplexes for less than 60% BPO including fees.
  • Phoenix Apartment Complexes for less than 60% BPO including fees.

Our Buyers want to buy the following RIGHT NOW:

  • 10M Bulk-REO buyers looking to buy in the following counties; Ventura County; Santa Barbara County; San Diego County; Orange County; LA County
  • 100M Bulk-REO buyers in Southern California
  • 10M Bulk-REO buyer in Southern California
  • 50M Bulk-REO buyer in Florida

POF / LOI available to Seller’s Agent.

Posted in Bulk-REO by Tad Imuta. 1 Comment

Jun 10
14

We Sell Bulk-REO Tapes

BUY our $25M – $1B+ bulk-REO tapes

We SELL the following Bulk-REOs all the time:

  • 25M-1B+ California bulk REO tapes: Single family residential on a regular basis. 45-60% BPO

We need POF / LOI from Buyer’s Agent.

Posted in Bulk-REO by Tad Imuta. No Comments