{"id":1284,"date":"2024-11-23T12:38:18","date_gmt":"2024-11-23T12:38:18","guid":{"rendered":"https:\/\/myreocountrywide.com\/?page_id=1284"},"modified":"2024-12-24T22:06:39","modified_gmt":"2024-12-24T22:06:39","slug":"reo-disposition","status":"publish","type":"page","link":"https:\/\/myreocountrywide.com\/reo-disposition\/","title":{"rendered":"Reo-Disposition"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1284\" class=\"elementor elementor-1284\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5f3cc9d4 e-flex e-con-boxed e-con e-parent\" data-id=\"5f3cc9d4\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3555dd91 e-con-full e-flex e-con e-child\" data-id=\"3555dd91\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b4397e4 elementor-widget elementor-widget-heading\" data-id=\"3b4397e4\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Reo-Disposition<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-38a30296 breadcrumb e-flex e-con-boxed e-con e-child\" data-id=\"38a30296\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5182b537 elementor-widget__width-auto elementor-widget elementor-widget-text-editor\" data-id=\"5182b537\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<a style=\"color: white;\" href=\"https:\/\/myreocountrywide.com\/\">Home \/<\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7887964 elementor-widget__width-auto elementor-widget elementor-widget-text-editor\" data-id=\"7887964\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tReo-Disposition\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27644e6e servicetab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"27644e6e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c84e17e\" data-id=\"3c84e17e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5260576b elementor-tabs-view-vertical elementor-widget elementor-widget-tabs\" data-id=\"5260576b\" data-element_type=\"widget\" id=\"tab-co-kv525\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1381\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-1381\" aria-expanded=\"false\">Our Firm <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1382\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1382\" aria-expanded=\"false\">Procedure \/ Protocol <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1383\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1383\" aria-expanded=\"false\">BULK REO <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1384\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1384\" aria-expanded=\"false\">BULK SALE PROPERTY TYPES <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1385\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1385\" aria-expanded=\"false\">Our Fees <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1386\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"6\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1386\" aria-expanded=\"false\">REOs Explained <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1387\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"7\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1387\" aria-expanded=\"false\">Bulk REO Glossary <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1388\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"8\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1388\" aria-expanded=\"false\">CCG Approved Strategy<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-1381\" aria-expanded=\"false\">Our Firm <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1381\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1381\" tabindex=\"0\" hidden=\"false\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">Our Firm<\/h1>\n<p><strong>We Want to Help You Acquire Bulk REO Real Estate Investments<\/strong><\/p>\n<p>As principle buyers of distressed real estate we offer an opportunity to qualified investor partners to allow them into the \u201cinner circle\u201d. We view our role in the REO process as facilitating legitimate bulk REO transactions between qualified buyers and sellers of foreclosed or distressed real estate portfolios. Once our clients overcome the natural trepidation that has been inherent in the REO process, (<em>which is often based on their past unsuccessful attempts to acquire REOs<\/em>), we proceed to \u201cbusiness as normal\u201d and source mutually advantageous deals that can be consummated quickly so long as the disposition strategy is satisfactory to our firm or you follow The CCG Solution TM.<\/p>\n<p>&nbsp;<\/p>\n<p>It is our goal to bring a high level of legitimacy, trustworthiness and confidence to the bulk REO arena. This will engender an atmosphere in which all parties can complete their bulk REO real estate transactions quickly and efficiently.<\/p>\n<p>&nbsp;<\/p>\n<p>We Are Honest, Trustworthy People Who Have Substantial Experience in Real Estate<\/p>\n<p>&nbsp;<\/p>\n<p>Our combined years of experience in various real estate fields as Real Estate Investors, developers, asset managers, and finance give us a rare combination of knowledge, experience and trustworthiness that is often lacking in today\u2019s REO world. Current economic conditions have created a proliferation of Bulk REO offerings at well below market value. We believe that this temporary situation presents a timely opportunity for hedge funds and investment companies with large sums of available cash.<\/p>\n<p>&nbsp;<\/p>\n<p>Unfortunately, the burgeoning Bulk REO marketplace has created an environment devoid of scrupulous and inexperienced real estate professionals capable of assisting legitimate buyers in achieving their real estate investment goals. In too many instances, the REO facilitators are individuals who may not have the required knowledge, understanding and professionalism to undertake such complex proceedings. The sad result has been a growing number of frustrated real estate investment groups who have been disappointed when the people they trusted to provide REOs were unable to deliver the product. Similarly, many banks have wasted valuable time with buyers who were not financially able to consummate the transactions.<\/p>\n<p>&nbsp;<\/p>\n<p>The natural result of this breakdown in the bulk REO sales process has been a deep-seated distrust and lack of confidence among buyers, sellers and their respective representatives and intermediaries. This has caused many potential investors to remain on the sidelines and miss out on these timely investment opportunities.<\/p>\n<p>&nbsp;<\/p>\n<p>Until now, it has often been near impossible for the serious real estate investor to accurately evaluate the credibility and trustworthiness of the individuals and companies claiming to have REO product available. We have experienced firsthand an extraordinarily high level of skepticism by both buyers and sellers. Each side fears that the other is wasting its time, and is unable to consummate the transaction. CCG has created the solution for this. Call today and speak to one of our qualified representatives<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1382\" aria-expanded=\"false\">Procedure \/ Protocol <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1382\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1382\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">Procedure \/ Protocol <\/h1>\n<p><strong>PROCEDURE TO BUY REO PROPERTIES<\/strong><\/p>\n<p>If you are not investing in our Fund and you are interested in purchasing BULK REO and are well qualified, experienced savvy buyers please follow the introductions below.<\/p>\n<p>In order to qualify for the purchase of REO properties from banks or funds, standard protocol must be followed:<\/p>\n<p>Only serious well qualified cash purchasers are eligible.<\/p>\n<p>Mortgage Financing Is Not Permitted at Closing.<\/p>\n<p>Non-Circumvention Non-Disclosure (the \u201cNCND\u201d) Agreement must be signed by the purchaser. (We will provide the NCND Agreement.)<\/p>\n<p>Investors must submit a Letter of Intent or Letter of Interest (the \u201cLOI\u201d) stating the following critical information:<\/p>\n<ul>\n<li>Property Types Desired<\/li>\n<li>Preferred Geographic Locations<br \/>Desired Rehabilitation Levels (i.e., zero to light, medium to heavy, etc.)<\/li>\n<li>Initial Order Amount<\/li>\n<li>Price (Desired percent of market value)+ 3% brokers\u2019 fees<\/li>\n<li>Exit Strategy: i.e., Hold\/Lease and\/or Resale<\/li>\n<li>Future Intentions: i.e., Periodic and\/or Monthly Purchases<\/li>\n<\/ul>\n<p>Investors must submit a Proof of Funds (the \u201cPOF\u201d) stating that the buyer has liquid assets sufficient to cover the amount of the desired transaction. Satisfactory proof of the purchaser\u2019s liquid funds in the amount of the purchaser\u2019s Letter of Intent is required early in the process by virtually every seller of REO bank owned real estate. <strong>No list of properties will be provided to the seller without such proof.<\/strong> This requirement may be satisfied by any of the following:<\/p>\n<ul>\n<li>current bank statement confirming funds on deposit in the purchaser\u2019s account<br \/>letter from bank officer with contact information, including phone number for seller to verify purchaser\u2019s funds on deposit (or available line of credit)<\/li>\n<li>letter from reputable escrow company confirming it is holding the buyer\u2019s funds in escrow, to be released to the seller if the transaction closes<\/li>\n<li>We can assist you in preparing the Letter of Intent or Letter of Interest (the \u201cLOI\u201d) and Proof of Funds (the \u201cPOF\u201d).<\/li>\n<\/ul>\n<p>The LOI is signed by the purchaser or the purchaser\u2019s attorney and is usually on the purchaser\u2019s letterhead.<\/p>\n<p>The POF can be signed by either the purchaser, or the purchaser\u2019s financial institution that can confirm the funds on deposit or available line of credit. The POF must disclose the financial institution where the funds are on deposit, and provide a name and telephone number for verification of the funds. The funds remain with the buyer\u2019s financial institution until the closing of title. Only if the properties offered comply with the buyer\u2019s requirements as stated in the LOI, and satisfy the purchaser\u2019s due diligence review, is the buyer expected to complete the transaction.<\/p>\n<p>The LOI &amp; POF should usually be addressed to \u201cSeller of Record\u201d. This will give us the flexibility to place the order with those sellers offering properties that most closely match the types and descriptions of properties listed in the investors\u2019 LOI.<\/p>\n<p><strong>PLEASE \u201cPLAY BY THE RULES\u201d<\/strong><\/p>\n<p>We respect your privacy and integrity, and understand your reluctance to deal with sellers who dictate the rules. We also respect the bank\u2019s right to insist that all buyers submit the required documents before any information about the specific REO properties is released. Investors who want to purchase these properties at wholesale prices are required to follow the protocol established by the banks. These are standard banking practices required in the bulk sale of foreclosed real estate and cannot be waived. We adhere to these rules in order to insure that REO deals close properly and to the satisfaction of all involved parties.<\/p>\n<p>Investors who insist on detailed property information prior to providing a LOI or POF may be better served in a secondary market, although the prices will be higher.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1383\" aria-expanded=\"false\">BULK REO <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1383\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1383\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">BULK REO <\/h1>\n<p style=\"text-align: left;\" align=\"center\"><strong>Bulk REOs For Serious Investors<\/strong><\/p>\n<p><strong>FORECLOSED BANK-OWNED REAL ESTATE (REO) FOR SALE IN BULK<\/strong><\/p>\n<p>Selling prices are substantially below market value.<\/p>\n<p>Current market conditions present a unique opportunity for hedge fund managers &amp; other well qualified cash investors.<\/p>\n<p>Qualified investors can purchase bulk packages of foreclosed properties directly from the banks at significant discounts from market value.<\/p>\n<p>REO packages are available from $20 Million to $5 billion+.<\/p>\n<p>Residential (1 to 4 family houses) or commercial properties.<\/p>\n<p>Build your real estate portfolio at prices well below market value.<\/p>\n<p>Our sources include a number of banks and other financial institutions.<\/p>\n<p>If you are a hedge fund manager, or serious real estate investor with large liquid assets to invest in bulk REO properties, we invite you to contact us.<\/p>\n<p>We are a legitimate source of REO properties.<\/p>\n<p><strong>WE DEAL DIRECTLY WITH PRINCIPLES BULK REO INVESTORS<\/strong><\/p>\n<p>For maximum efficiency, we prefer to deal directly with the bulk REO investor. Furthermore, our contacts on the seller\u2019s side enable us to deal directly or almost directly with various banks and institutional sellers. Nevertheless, on any particular transaction, there may be several people separating the investor from the seller. This will not hinder the completion of the REO purchase, provided we are given direct access to the buyer.<\/p>\n<p><strong>BROKERS<\/strong><\/p>\n<p>Attention Brokers: Brokers and intermediaries are protected.\u00a0<strong>Sign NDA<\/strong><\/p>\n<p>We seek to avoid broker chains since they are usually cumbersome and the deals are least likely to close. Understandably, if our attempt to contact the investor takes 3 days to complete due to lengthy broker chains, it will be almost impossible to complete a particular transaction.<\/p>\n<p><strong>DISCLAIMER<\/strong><\/p>\n<div>\n<p>The information in this website does not constitute an offer to sell any properties. Actual terms of sale are contained in the documents supplied by the sellers. The deep discounts offered to qualified buyers are conditioned upon the purchaser\u2019s compliance with the procedures established by the sellers.<\/p>\n<\/div><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1384\" aria-expanded=\"false\">BULK SALE PROPERTY TYPES <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1384\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1384\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">BULK SALE PROPERTY TYPES <\/h1>\n<p><strong>WHAT KINDS OF REO PROPERTIES ARE AVAILABLE FROM BANKS &amp; FINANCIAL INSTITUTIONS?<\/strong><\/p>\n<p>Bulk REO Properties<\/p>\n<p>The following types of bulk REO properties are being offered for sale, subject to availability:<\/p>\n<p>\u2022Residential Packages: 1 to 4 family houses and\/or condominium units<\/p>\n<p>\u2022Commercial Packages: Apartment Buildings (5+ units), Mixed Use Buildings, Office Buildings, Shopping Centers, Retail, Strip Malls, Hotels, etc.<\/p>\n<p>\u2022Performing or Non-performing Mortgage Notes<\/p>\n<p>\u2022Location of Properties: throughout the United States or limited regions, states or cities.<\/p>\n<p>Portfolios of bulk REO properties will be compiled to match your investment objectives as stated in your Letter of Intent.<\/p>\n<p>Distressed Properties from Builders\/Developers<\/p>\n<div>\n<p>In addition to REO properties owned by banks and financial institutions, we also have access to distressed properties from builders and developers. Since these builders and developers need an infusion of cash from bulk sales, most of the distressed sales are being offered at a percentage of the actual value, based upon either appraisals or written Broker Price Opinion letters. These properties have not been foreclosed. Some properties are newly constructed homes, town houses, entire multifamily condominium buildings, or a block of condominium units offered by the builder, developer or sponsor at a fraction of the prices charged to individual buyers. Fees on builder closeouts are usually the same as for REO properties. Required documentation is usually the same as for REO properties<\/p>\n<\/div><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1385\" aria-expanded=\"false\">Our Fees <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1385\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1385\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">Our Fees <\/h1>\n<strong>Is There A Fee For Our Services?<\/strong>\n<p>When buying inventory from our Firm there is typically never a\u00a0separate\u00a0fee \u201cCCG\u201d charges so long as we hold\/will hold title prior to the sale. Our fees are made on the difference of what we buy the\u00a0inventory\u00a0for and what we sell it for, the same as in most business models. There is, however, a standard fee added to the sales price. This fee includes all sales commissions payable to the buyer\u2019s mandate, seller\u2019s mandate and intermediaries. These fees may be divided among the brokers, agents and intermediaries in accordance with their separate agreements. These are the parties who, working as a cohesive unit, make the entire transaction possible. The total brokers\u2019 fee is usually 3-6%. We receive a portion of the total fee.<\/p>\n<p>The total fee is the same regardless of the number of brokers, agents and intermediaries involved in the particular transaction. This arrangement enables the prospective purchaser to be matched to inventories from various banks that best match the purchaser\u2019s investment criteria.<\/p>\n<h1>Partnership Program<\/h1>\n<div>\n<p>We find many times savvy investors recognize the tremendous opportunities available in today\u2019s market however the execution after the acquisition leaves some investors questioning the exit strategies or available options. You can let \u201cCCG\u201d take control of the process while you keep an eye on the bottom line, and the process with our state of the art technology platform. We perform all the work and you provide the funding. Learn more about this opportunity.<\/p>\n<\/div><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"6\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1386\" aria-expanded=\"false\">REOs Explained <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1386\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1386\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">REOs Explained <\/h1>\n<strong>BANK OWNED REAL ESTATE CAN BE ACQUIRED BY INVESTORS AT SUBSTANTIAL DISCOUNTS<\/strong>\n<p>Properties owned by mortgage lenders as a result of foreclosures are packaged into groups and sold in bundles. They are sold at a stated percentage of their market value, as determined by recent appraisal or written Broker Price Opinion letter. The banks are not selling these properties to retail customers, but rather to qualified real estate investors, investor groups, hedge funds and institutional investors with available liquid assets sufficient to quickly close without mortgage financing.<\/p>\n<p>Investors may be tempted to turn this investment vehicle into an opportunity to turn a quick profit by flipping the properties before the closing of title. This is not permitted.<\/p>\n<p>After the closing of title, however, mortgage financing, resale and other investment and exit strategies are all possible.<\/p>\n<p>Sellers of bulk REOs are banks and financial institutions which need to move large real estate holdings off their balance sheets. These institutional sellers are liquidating large portfolios of foreclosed real estate at deep discounts in order to convert these assets into cash. The sellers are serious and ready to do business. They will only deal with buyers who are of like mind and similar intent. Serious REO investors understand that they must comply with the procedures established by the sellers. In our experience, these qualified investors will close on bulk REO properties.<\/p>\n<p>Please note that the banks and institutional mortgage lenders selling bulk foreclosed real estate will not entertain requests to review lists of available properties before the purchaser signs all required Non-Circumvention Non-Disclosure Agreements, and provides a Letter of Intent and Proof of Funds. Think of this requirement as showing your membership card before being admitted to a private club. Cash may be king, but you still need to prove you are a member. Unfortunately, there are no free tours. Please understand the need for these safeguards. We do not make the rules. The procedures and protocol are established by the banks and other institutional sellers for the protection of all parties.<\/p>\n<div>\n<p>We cannot deal with investors who will not accept and follow these procedures. In our opinion, the inconvenience of complying with the seller\u2019s protocol is a small sacrifice in relation to the quality and value of the investment opportunities that are offered. We believe that once you provide the required documentation, you will be extremely satisfied with our REO portfolios. We sincerely believe that you will close the first REO package we provide, and you will return regularly for additional bulk real estate investments. Often the banks sell to repeat buyers. If the value was not there, we do not believe that sophisticated real estate investors would return<\/p>\n<\/div><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"7\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1387\" aria-expanded=\"false\">Bulk REO Glossary <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1387\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1387\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">Bulk REO Glossary <\/h1>\n<p><strong>GLOSSARY OF TERMS REGARDING BULK REO PROPERTY LISTINGS:<\/strong><\/p>\n<p><strong>BPO:<\/strong>\u00a0Broker Price Opinion Letter This is an informal real estate broker\u2019s statement of the value of the property. The BPO is less detailed than an appraisal.<\/p>\n<p><strong>Due Diligence Period:<\/strong>\u00a0The time that the buyer requests after reviewing the tape of available properties, in which the purchaser can obtain independent Broker Price Opinion Letters of a random sample of the properties (or all the properties) and to otherwise verify the accuracy of the property information and current values provided by the seller.<\/p>\n<p><strong>LOI:<\/strong>\u00a0Letter of Intent (or Letter of Interest). It is essentially an order for the desired bulk REO purchase. It includes the following details: property types desired; preferred geographic locations; desired rehabilitation levels; initial order amount; desired price (as percent of market value)+ 3% brokers\u2019 fees, etc.<\/p>\n<p><strong>NCND:<\/strong>\u00a0Non-Circumvention Non-Disclosure Agreement. This refers to an agreement that protects the parties from damage resulting from unauthorized disclosure of confidential information, as well as loss of earned commissions caused by unethical parties who try to circumvent the parties who made the REO transaction possible.<\/p>\n<p><strong>POF:<\/strong>\u00a0Proof of Funds stating that the buyer has liquid assets or available line of credit sufficient to cover the amount of the desired transaction.<\/p>\n<p><strong>REO:<\/strong>\u00a0Real Estate Owned by banks as a result of the banks having foreclosed on non-performing mortgage loans. We facilitate our clients\u2019 investments in bulk foreclosed real estate at wholesale prices. The investor purchases a portfolio of bank owned properties as a package, although title is transferred separately for each property.<\/p>\n<div>\n<p><strong>Tape:<\/strong>\u00a0The \u201ctape\u201d refers to the detailed description of the specific portfolio of properties for sale. The tape is available for review by the investor only after submission of the real estate investor\u2019s signed Non-Circumvention Non-Disclosure Agreement, Letter of Intent, Proof of Funds, and any other documents required by the seller of bulk foreclosed real estate.<\/p>\n<\/div><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"8\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1388\" aria-expanded=\"false\">CCG Approved Strategy<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1388\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1388\" tabindex=\"0\" hidden=\"hidden\"><h1 style=\"color: #003daf; font-family: Raleway; font-weight: bold;\">CCG Approved Strategy<\/h1>\n<p>Ccg-solution Reo Fund<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-2531c189 e-flex e-con-boxed e-con e-parent\" data-id=\"2531c189\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5de2bb03 e-con-full e-flex e-con e-child\" data-id=\"5de2bb03\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-195cacc2 elementor-widget elementor-widget-text-editor\" data-id=\"195cacc2\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><strong>Targeted Goals and Securities Disclaimer<\/strong><\/p><p>Targeted refers to a goal that may or may not be attained based on a variety of assumptions that may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment.<\/p><p class=\"elementor-heading-title elementor-size-default\"><strong>No Offer of Securities; Disclosure of Interests<\/strong><\/p><p>Under no circumstances should any material or information contained herein be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of a confidential offering memorandum relating to the particular investment.<\/p><p>Access to information about investments with projects undertaken by\u00a0<strong>Countrywide Capital Group, LLC<\/strong>,\u00a0<strong>Countrywide Housing Fund 1, LLC<\/strong>, or any of their respective affiliates is limited to investors who qualify as accredited investors within the meaning of the Securities Act of 1933, as amended. Investment outcomes vary. Past success does not guarantee future results. Historical return details are available.<\/p><p class=\"elementor-heading-title elementor-size-default\"><strong>No Offer of Investment, Legal, or Tax Advice<\/strong><\/p><p>The material contained herein is general information for educational purposes only. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions.<\/p><p>Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment. Prior to making any investment, you should consult with a licensed investment advisor, financial advisor, and legal and tax advisor.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home \/ Our Firm Procedure \/ Protocol BULK REO BULK SALE PROPERTY TYPES Our Fees REOs Explained Bulk REO Glossary CCG Approved Strategy Our Firm Our Firm We Want to Help You Acquire Bulk REO Real Estate Investments As principle buyers of distressed real estate we offer an opportunity to qualified investor partners to allow [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1284","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/pages\/1284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/comments?post=1284"}],"version-history":[{"count":53,"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/pages\/1284\/revisions"}],"predecessor-version":[{"id":6020,"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/pages\/1284\/revisions\/6020"}],"wp:attachment":[{"href":"https:\/\/myreocountrywide.com\/wp-json\/wp\/v2\/media?parent=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}