Bulk REO Tapes, Mini Bulk Portfolios
The ailing US housing market has been a great misfortune for many homeowners who have found themselves facing foreclosure;
Savvy investors are eagerly buying up distressed assets in bulk quantities for pennies on the dollar from troubled banks. However, it is often difficult for the smaller investors to track down these distressed assets or "REO tapes" as they become available or even to buy them in a quantity they can afford to deal with. The Greenville-based Wierman Group's announcement of a new mini bulk REO program aimed at individual real estate investors may change that.
Investors face some major obstacles when entering the very competitive BULK REO investment arena. One common problem for new investors is lack of access to authentic, quality bulk inventory at the steep discounts that yield high margins. There's no shortage of REO properties, but it can be tough finding verified sellers with properties at the right prices. Another problem is that most banks don't want to deal with an individual's requests for bulk tapes when they already have performing buyer relationships.
Another issue investors face once they own bulk inventory is how to safely, quickly, and profitably exit the investment. This is why we started offering bulk reo services for investors. We can provide the investor with the bulk inventory along with the option of a proven exit strategy that can easily be put to work to make profitable investments,"
The program provides access to high tier bank owned properties at pennies on the dollar. For anyone who recognizes the enormous investment potential represented by the current slump in the US housing market and would like to start investing in BULK REO property, this new program is definitely worth taking a closer look at.
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