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 1^st of the month and every 1st week of the month for orders placed during the 3^rd week of the month.

• 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.

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

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

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

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.

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.