Bank REOs – 100 Properties for $1M

Bank REOs in Declining Markets

For sale, I have a portfolio of Bank REOs in Detroit consisting of 100 properties for $1M. This equates to $10K per REO and for investors this a great opportunity to turn a profit, as the stock market is not performing. There is also a lot of potential to help improve major cities facing economic distress.

Bank REOs in major cities with a high rate of foreclosures are being offered at greater discounts. This is after the foreclosed properties have been priced to sell below market value. On the other hand, most banks expect their REOs to be sold at market value with no discounts. With a little rehab REOs can be sold for a quick profit. Investors are encouraged to place small orders to gain confidence with their REO purchases.

The necessary documents to begin the process include:

Mutual Non-Circumvention/Non-Disclosure Agreement
• Letter of Intent
• Buyer Profile
• Proof of Funds

As there is a high demand for Bank REOs, investors need to take immediate action. Some have seen their REOs under contract by other investors while delaying the process by only 48 hours. Laws are being passed to prevent the escalation of foreclosures and soon this investment opportunity with a high yield potential will not be available. Or not available at the volume discounts currently available in declining markets.

Please contact Imran Khan, Chief Marketing Officer with Property Research and Resolutions for additional details.

Imran Khan
651-230-4889
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Possibly related posts:

1. Nationwide REOs at Volume Discounts
2. Realistic Pricing for Bulk REO Investments