subject: What Are Bulk Reos And The Advantages Of Investing In Todays Market? [print this page] In 2008, the U.SIn 2008, the U.S. fell into one of the worst recessions in history, resulting in a rise in mortgage delinquencies and foreclosures. Fortune Magazine stated, "Between 2006 and 2016, 10 million Americans will become millionaires created because of the recession...are you going to be one of them?"
In this economy, the opportunity to be a millionaire is yours, if you become a Bulk REO (Real Estate Owned) investor. Bulk REOs are foreclosed properties owned by banks that are packaged together, and sold at steeply discounted prices. Everyday people can benefit from this new real estate concept because banks no longer want the financial headache of paying property taxes, hazardous insurance, utilities, and maintenance costs attached to these distressed properties. Banks, and other lending institutions, are not in the business of managing properties. They provide hard money (aka cash) and credit to clients; therefore banks have no financial gain by having properties on their books. Now, you have the chance to buy these bulk REO's at a fraction of the cost.
Traditionally, after a property becomes repossessed and classified as REO (Real Estate Owned), the bank will attempt to resell the property to the public on its own, or solicit the services of an REO Asset Manger. The problem in this economy is the overwhelming number of foreclosed properties, compelling banks to seek non-traditional ways to get rid of their toxic assets. Selling properties in Bulk REO is the most efficient way for banks to balance their financial books while remaining in compliance with Federal and State bank regulations. This creates tremendous opportunities for you to become one of the new millionaires in this recession. It may not happen overnight, but in todays market, Bulk REO investing can be extremely profitable.
In addition, Bulk REOs are affordablewith prices below MLS listings, below BPO, cheaper than private sellers, cheaper than auctions at the courthouse, and at a fraction of any approved short sale price. This is an opportunity unlike any other.
