REO's

[jworld]

Serious buyers needed to take packages down.


Packages NOW Available for genuine Buyers...
1) 230M BPO 59+3 (consists of 800 homes - 269 in CA, 321 in FL, rest are in NV,PA,TX,NY - zero to light, sfr)
2) 25M BPO NY 60+3 (50% Brooklyn, rest are the other 5 boros 1-4 fam 238K avg price)
3) 500M BPO NY 63+3 (can be broken down to pools as small as 50M)
4) 12M AZ 57+3 (35 rented homes)
5) 11M AZ/NV/UT commercial property 59+3
6) 44M Tucson AZ 60+3 (177 condos)
7) 76M Las Vegas 57+3
8) 55M Las Vegas 57+3
9) 1.1B CA/NY/FL/high end MI - no detroit - 54+3
10) 10B NW 33+3 (there are 2 of these)
11) 1.2B CA 50+3
12) 1B NW 35+3
13) 500M BPO CA/NY/NJ/TX/NV/FL 58+3
14) 10B NW 33+3 (2)
15) 20B NW 33+3 (2)
16) 100B NW 33+3
17) 200B NW 33+3
18) 1B up to 10B NW 35+3
19) 20B NW 33+3
20) 100B++++ NW 33+3 up -- there are large packages out or coming out soon!!!! call me for details.

Information on the 1.1B
1.1B BPO Value
54+3
0-Light Rehab

Breakdown of the properties are as follows: 1900 Homes in CA; 700 Homes in FL; 300 Homes in VA; 400Homes in NV ; 50 homes in MI (non in Detroit)
Need an LOI/MFA and with Hard POF and we will send a snapshot..
5 day close w/10% down in escrow

John Broussard
Newbridge Investments
832-893-3045

[stephenkh]

Mr. Broussard,

We have proofed buyers interested in Nationwide $1B and up at $ .33 - $ .35 and Texas, NY, NV.

Please contact me.

Thank you.

tephen Khanamirian
Stephenkh@optonline.net
631-645-6755

[benny_g]

To the both of you that posted I'm curious to find out if you have closed any recent transactions.

[CaRei]

Same EXACT list was posted on USland** and the post got scathing reviews by ME and others.

There is a monetary total dollar of bulk REO at a bpo volume that by far exceeds the current REO volume in the US!!!

The post suggests that all of the actual REO that has been on the open market in the lat year has sold at 33+3. So no more REO departments, no more REO on MLS etc. it's all for sale by this one "mandate" at 33+3.:rolleyes:

The totals on that list equal in excess of the the projected TOTAL sub prime "related" losses through 2008.

The projected loss figures include write downs, loan pools, and a wide variety
of assets.:confused:

[CaRei]

<<230M BPO 59+3 (consists of 800 homes - 269 in CA, 321 in FL, rest are in NV,PA,TX,NY - zero to light, sfr)
2) 25M BPO NY 60+3 (50% Brooklyn, rest are the other 5 boros 1-4 fam 238K avg price)>>


Also, 99% of that list has been chain e-mail BLASTED all over gods creation.

A little birdie told me that _________ got direct to the supposed sellers mandate of the above and a formal offer is going in Monday. Benefit of the doubt here.

If and when the mandate confirms to be bougus, both the Law Firm submitting the offer as well as the "bank" law firm, will be coming down HARD on ___________ legally!!!

Trust us to treat you right!!

[CaRei]

<<5 day close w/10% down in escrow>>

One last thing here...

Tell that to Blackrock if and when they are successful bid on Deutche's 40B or Citi's 12B, the two highest volume distressed asset related up coming transaction to date! And only a fraction of the assets are REO let alone sfr REO!

Think of this, 200B, 5 day close! O.K. BTW- some know that our associates do buy side legal representation and clear whole loan pools as well as REO in the institutional capital markets.

Most institutions are just fine with up to 20-30 day close on trades of REO at the 5-20M level, let alone closing THOUSANDS of REO in 5 days at the 200B level!! That would have every title company and underwriter in the US quite busy as involve perhaps 100's of lawyers!!