Category: REO

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Improve Credit In The News REO

Facing Foreclosure On A Personal Residence? Read This Carefully.

For 17 years I volunteered my time counseling families, singles, and business owners in financial trouble. That’s why we are affiliated with a top law firm that uses satisfaction laws to resolve debt at 40 cents on the dollar.

If you’re in trouble or know someone who is you’ll want to read this carefully.

Validating the strategies we have been promoting here, the latest is a Miami woman with a $100,000 mortgage. After years of struggle in foreclosure, Legal Aid got her a settlement: No mortgage, no note and a reverse mortgage, which means they gave her money to at least pay off the balance. Why? Because if they don’t have the note, they don’t have a case. Georgia recently enacted a law, like New Jersey, providing for proof of ownership of the note and mortgage prior to instituting foreclosure sale.

(This is the very reason why an experienced attorney can reduce mortgage indebtedness dramatically.)

By GRETCHEN MORGENSON
Published: July 27, 2008

MAMIE RUTH PALMER isn’t a celebrity. People magazine doesn’t chronicle her every move. The paparazzi don’t wait for a photo op outside of the modest Atlanta home where she has lived since 1987. In some mortgage circles, Ms. Palmer, a 74-year-old former housekeeper, has earned her moment of fame. After enduring six years in foreclosure hell, almost losing her home twice, Ms. Palmer has escaped intact.

Last month she received a settlement from the Bank of New York, the trustee for a vast pool of mortgages that included hers. Under the terms of the deal, the bank reduced Ms. Palmer’s loan balance to $59,000 from about $100,000 and has agreed to accept the proceeds of a reverse mortgage in full satisfaction of her obligation.

The settlement also eliminated about $12,000 in foreclosure fees added to her debt and called for the installation of central air-conditioning in Ms. Palmer’s home.

Roughly $10,000 in legal fees billed over five years by Ms. Palmer’s lawyer, Howard D. Rothbloom, will be covered by payments she has made toward her mortgage while she was battling foreclosure.

“I feel good,” Ms. Palmer said last week. “It’s been a long time coming.” To celebrate, she said, she is going to Florida to fish with her nephew.

Ms. Palmer’s case is hardly unique. It’s just one of a swelling number that revolve around the thorny issue of who owns the note on a home when it’s forced into foreclosure proceedings.

In the seemingly long-ago era when banks held on to the mortgage loans they made, this was a straightforward matter. But today, amid the freewheeling packaging of mortgage loans into securities that are sold off to investors, it’s much less clear who controls the note — all of which promises to cause banks enormous legal and financial headaches as foreclosures mount.

The added twist is that some judges are taking the borrowers’ side in foreclosure disputes, precisely because of murkiness surrounding notes.

In 2002, Ms. Palmer filed for bankruptcy protection to protect her home from a quick sale on the courthouse steps. She continued to make mortgage payments, to the bankruptcy court.

Mr. Rothbloom took her case in 2003, suing the Bank of New York for levying fees on Ms. Palmer that had not been authorized by the bankruptcy court. The note securing the property was assigned to Bank of New York in September 2002, two months after it had begun foreclosure proceedings against Ms. Palmer. As a result, Mr. Rothbloom maintained, the bank had no standing to foreclose.

The two sides battled for five years, until last month.

“The Ms. Palmers of the world can’t afford to resolve these types of disputes,” Mr. Rothbloom said. “So they usually wind up losing their homes.”

Bank of New York declined to comment on the settlement.

The problems associated with banks that begin foreclosure proceedings when they do not have proper legal standing are now looming larger in the mortgage meltdown. Loans were heaped into trusts with little documentation of ownership or proper loan assignments — it was all about volume and the fees that came with it — and now that sloppiness is hurting both lenders and borrowers.

Mr. Rothbloom said he had another case in which the lender’s representative has been unable to prove ownership for two and a half years.

Meanwhile, consumer lawyers fear that borrowers are being pushed out of their homes by companies that have no right to do so. Such a prospect is particularly worrisome for residents in states that allow lenders to foreclose without court supervision, known as nonjudicial foreclosure states.

Georgia is one; its borrowers can lose their homes on the courthouse steps less than a month after foreclosure notices have been posted.

To try to protect its borrowers, Georgia just instituted a law requiring that lenders moving to foreclose on a borrower must file proof in county records that they own the underlying property before the home goes to foreclosure sale.

“We believe that many of these companies can’t find the assignments,” said William J. Brennan Jr., director of the Home Defense Program of the Atlanta Legal Aid Society. “If they can never prove ownership, then they can never foreclose.”

Categories
In The News Preparation REO

REO FDIC Access This is Real!!! Sample LOI

Re: Acquisition of FDIC Inventory

We have access to FDIC liquidation event properties, one of only 10 invited buyers.

We have earned this relationship through years of profitable business and only serious Buyers will be offered this opportunity.

If you want our representative to pull product for you at this event we need the required documentation from you.

A simple Letter of Intent detailing the product class and geographical area desired and absolute hard proof of funds in the amount you intend to use for the acquisition.

Section I. Your LOI (sample attached);

1. Identify the actual Buyer who will be delivering hard proof of funds.

2. Identify the product class you wish to purchase from the list below and the amount of capital you will spend on that inventory type. If you select more than one property class, identify separate capital amounts for each class.

3. Identify the Geographic location in which you wish to purchase, however reducing your take area will reduce the inventory available.

4. If you have a Buyer’s mandate or representative they must be named and the amount of fee to be paid to them disclosed.

5. The due diligence period is 14 days from inventory access to hard contract.

Section II. Property Classes;

A. Performing Commercial Notes        B. Non Performing Commercial Notes

C. Performing Residential Notes         D. Non Performing Residential Notes

E. Performing Corporate Notes           F. Non Performing Corporate Notes

G. REO Residential 1-4 Units             H. REO Multifamily 5-20

I.   REO Multifamily 20+                     J. REO Commercial/Retail

K.  REO Commercial/Office                L. REO Commercial/Industrial

M. REO Commercial Development      N. REO Residential Development

O. REO Vacant Land                         P. REO Business Hotel/Motel/Convenience

Q. Accounts Receivable                     R. Personal Property Auto/Boat/RV/Airplane

S. Personal Property Inventories         T. Mobil Home Park/RV Parks/ Recreational

Section III. Geographical Identification

A. Western States                              B. Southwest

C. Central States                                D. Northwest

E. Eastern States                               F. Northeast

G. Southeast                                      H. Southern

I. Rust Belt                                         J. Alaska, Hawaii

K. Name States in order of preference

Section IV. Required Institutional Hard Proof of Funds

A. Depository Statement in name of Buyer

B. Brokerage Account Statement in name of Buyer

C. Depository or Brokerage Name, address, phone number, Contact Name, Position and phone number (of Personal Banker, Account Manager or Corporate Counsel)*

*If you elect option C and your contact does not hard proof your funds by affidavit or method A or B no product will be pulled for you.

Section V. Procedure

A. Your LOI properly completed with signature must be received via e-mail.

B. The representative will be purchasing as a principal and it will take at least 3 days for the Inventory he acquires to be split out to the respective Buyers.

C. When the breakout is completed your package information will be forwarded to you.

D. In all purchases, there will be a 14 day Due Diligence period prior to hard contract and you do not have to close on inventory not in compliance with your LOI.

Many of you have been waiting for actual, well valued inventory to be available.

This is the best opportunity we have seen for our clients to purchase pre bid inventory on a wholesale level.

There will be no purchases made unless all the above documentation has been delivered. If you are unable to complete the list above in the given time frame please complete the documentation listed above in order to be ready for the next round.

There is no guarantee that this opportunity will occur again but should it occur, there will be very little notice. The selling prices should amaze you, the contact is direct and our representative was invited and approved by the FDIC. Time is of the essence.

Here is an example of the LOI we need:

Company Letterhead: LOI must be on

Date:  Jxxx XX, 2009

From:  Companies Name

Attn:  Joe Tufo, President: Cash Flow Specialists, Inc.

Property Type: Include all the property types interested in

Purchase price: describe property (e.g. sfr, commercial, office) then put in the range that you are willing to pay (e.g. 30-60 ltv off of unpaid balance, or BPO etc)

Then language something to the effect of –   Please provide us the data of all “bulk” trade properties available for acquisition. The outline below is a summary of what we are looking for:

1. Order Amount:

2. Property type:

3. Price Ranger per asset: e.g. homes between 100k-350k

4. property condition: no rehab, light rehab

5. LTV: range you are willing to buy

6. Occupancy :

7. Preferred Geographical Location:

8. Financing:

9. proof of funds ( reputable banking institution, contact name, and account number to verify )

We are looking to establish a long term client relationship and acquire quality properties at a volume discount.

Please contact me with any questions, concerns or comments. Thank you.

CEO

Company

Address

Numbers

—

Joe Tufo, Certified Cash Flow Consultant, Certified Capital Specialist

CASH FLOW SPECIALISTS, INC.

P.O. Box 844

Alamo CA 94507

925-691-8200 Direct to my desk

800-669-2700 Business

206-984-2853 Fax

joe@joetufo.com

How We Work

http://www.google.com/profiles/jptufo

Fee and Commission Based.

*100% COMMERCIAL FINANCING/JV 10% Our forums are designed for Structured Financing of High End Commercial Projects – A&D/Energy/Technology/In-Ground Assets/Mines/Minerals/Precious Stones/Gems/PPP/Trade Platforms/ Buy-Sell Bank Debenture Instruments-Cash Backed and Bullion Backed. SBLC’s/BG’s/MTN’s/CD’s/T-B’s/T-S’s/T-N’s/Bonds

Speaker, Writer, and Seminar Leader

Providing Honest Answers in a Timely Manner No Matter How Difficult the Situation.

Trust, Integrity, and Service: Here Today, Here Tomorrow

Please click on the link below to read our Disclaimer

Cash Flow Specialists Disclaimer

Categories
In The News Preparation REO

REO Multiple Packages – Check This Out!

This is the June 3rd, 2009 summary of available packages for sale. All Sold packages are noted and will be removed next week.

Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.

Make an offer regardless of the sales price or asking price!

Real Estate Owned by the Bank (REO)

Make an offer in the form or a “Letter of Intent” and a Non-circumvention and Non-Disclosure agreement (we provide the LOI template for you), also be prepared to provide Soft Proof of funds to the bank. (see attached preferred LOI format)

Make an offer regardless of the sales price or asking price!

PERFORMING NOTES

Performing Note packages are available for purchase by submitting a “Letter of Interest” which must include at a minimum the name of the buyer and their attorneys that will handle proof of fund.

The Buyer and the Buyers representative must sign and return a NCND to Cash Flow Specialists, Inc..

A Note Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.

For more information: Call Joe Tufo 925-352-6000

PACKAGE # 5-4e AVAILABLE – 6/01/09

REO SFR Package

25 SFRs and couple of duplexes All in GA.

BPO to be determined in Escrow estimated value is 2.7 million

Sales Price = $1,334,270

PACKAGE # 5-4f – SOLD – 5/29/09

29 SFR and Multi-family in CT (11),NJ(7), NY(11).

BPO to be determined in Escrow estimated value is 6.4 million

Sales Price = $3,642,390

PACKAGE # 5-4i – AVAILABLE – 6/01/09

REO SFR Package

51 SFR all in Florida

Asking 10.2 million

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4j – AVAILABLE – 6/01/09

REO unfinished Condos Package with 10K commercial leased 20+ years

70+ SFR all in downtown Los Angeles, CA

Units are 800 to 1500 square feet

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4k – AVAILABLE – 6/01/09

REO SFR

28 SFR in GA, NC, VA,WV, MD,

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4L – AVAILABLE – 6/2/09

REO SFR

103 SFR in AZ, CA

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4m – AVAILABLE – 6/2/09

REO SFR

10 SFR in NV

BPO to be determined in escrow (make an offer)

Owner estimate $1.4 million

Make offer Plus 3 % in fees

PACKAGE # 5-4n – DUPLICATE REMOVED – 6/2/09

PACKAGE # 5-4n1 – AVAILABLE – 6/2/09

REO SFR – 22 SFR in CA, Los Angeles

BPO estimate $7,039,000

Asking Price: $4.426 million

Make offer Plus 3 % in fees

PACKAGE # 5-4o – DUPLCIATE REMOVED– 6/2/09

PACKAGE # 5-4o1 – PENDING – 6/2/09

REO SFR – 7 SFR in Los Angeles, CA

BPO to $982,205

Asking Price: $879,278

Make offer Plus 3 % in fees

PACKAGE # 5-4p – PENDING – 6/02/09

REO SFR – 10 SFR in Los Angeles, CA

BPO to $3.273 million

Asking Price: $1,816,499

Make offer Plus 3 % in fees

PACKAGE # 5-4r – AVAILABLE – 6/2/09

REO – 97 Florida SFR

BPO to be determined in Escrow

Seller will accept 60 cents of current BPO

Make offer Plus 3 % in fees

PACKAGE # 5-4s – AVAILABLE – 6/2/09

REO 93 SFR – AL (5), CA (1), CO (1), FL (2), GA (3), IA (2), IL(34), IN (3), KS (3), KY (4)MA (1), ME(1),MI(6),MN(3), MO (4), NY (1)

Asking price with fees is $896,000.00

Private Investor Sales

Make offer fees included

PACKAGE # 5-5 – STATUS –AVAILABLE 6/3/09

Non Performing Note Package Multi-family & Commercial assets including:

States and quantities in those states: CT(7), FL (2), IL (3) , NJ (12), NY(22), PA( 2)

Apartments, Multi-family plus small retail, and office

49 notes valued at $57,044,686 – LTV average 70%

Priced at 81 cents on the dollar = $46,206,196

To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.

PACKAGE # 5-6 – –AVAILABLE 6/2/09

Performing Hotel 1st Trust Deeds for sale both borrowers

1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to

$2,473,910 – Available

Available for 81 cents on the dollar.

To review tape:

Make an offer in LOI for and include contract POF information.

PACKAGE # 5-10 – STATUS –AVAILABLE 6/3/09

Performing Hotel and Retail Notes for Sale

A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85to 90% of their face value.

Floating Senior Loans

1) Retail Portfolio- SR. Participation 20 retail centers, Various

2) Mall 40+ Retail, VA

3) Industrial Manufacturing Portfolios , 60 industrial located in, IN, KS, MD

4) Industrial Portfolios , 41 industrial located in, Various states

Floating Rate B- Notes

1) Hotel Portfolio Mezz, 42 hotels in Various states

2) Viginia Mall Mezz, 44 Retail

3) NYC Hotel Mezz, 27 hotel

4) Florida Retail, 38 retail

5) Pennsylvania Office, 33 office

6) International Hotel, 57 hotels

7) International Hotel, 57 hotels

8) Metropolitan Office Mezz, 36 offices

9) Metropolitan Office Mezz, 36 offices

10) Luxury Hotel Mezz , 39 hotels

11) Luxury Hotel Mezz , 39 hotels

12) Luxury Hotel Mezz , 39 hotels

13) Metropolitan Hotel Mezz, 27 hotels

14) Metropolitan Hotel Mezz, 27 hotels

15) Hawaii Hotel B-note, 39 hotel

16) Hawaii Hotel B-note, 39 hotel

Fixed Loans

1) Michigan Office , 105 Offices

2) Ohio Offices , 107 Offices

PACKAGE # 5-26 – STATUS –AVAILABLE 5/26/09

Performing Notes for sale Arkansas

Hospital Performing

Payers credit over 700 FICO

Remaining Balance $107,000

Make offer

PACKAGE # 5-27 – STATUS –AVAILABLE 6/2/09

Performing Notes for sale Washington DC – 83,411 Square Feet

south of Class B Washington DC Suburban Office Property – 83,411 SF

$7.8M Owners valuation – Property is 100% occupied

Bank is willing to take 20% off, we are direct to bank

ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)

PACKAGE # 5-28 – STATUS – AVAILABLE 6/2/09

REO SFR LAND package

233 SFR Lots located in various states FL, NC,SC,

Owner BPO =$6.1.million

Make offer Plus 3 % in fees

PACKAGE # 5-29 – STATUS – AVAILABLE 6/2/09

REO Commercial LAND package

18 Lots located in various states FL, NC,SC,

4 commercial, 3 office buildings, 3 Convenience stores

Owner BPO =$71.3.million

Make offer Plus 3 % in fees

PACKAGE # 5-30 – STATUS – PENDING 6/2/09

REO SFR Los Angeles, CA

99 Single Family homes

BPO = 20,788,073

Price = 11,433,440

3.0% fees included in the Price

zip codes:90001,90002,90003,90026, 90037, 90011,90016 90018,90022,90032,90042,90044,90047,90059,90060,90061,90063,90065

PACKAGE # 5-31 – STATUS – PENDING 6/2/09

REO SFR Orange County, CA

73 Single Family homes 3+ bedroom, 2+ Baths

BPO = 26,354,574

Prices = 15,285,652

zip codes: 92831,92832,92833,92835,92675, and 8 SFR total in 91723,91724,91722,91724

PACKAGE # 5-32 – STATUS – AVAILABLE 6/2/09

REO COMMERCIAL Orlando, FL

5K Sq.ft., 1+ AC Historic 2 Story

BPO = $4.9 million

Asking = $3.3 Million

PACKAGE # 5-33 – STATUS – AVAILABLE 6/2/09

REO COMMERCIAL SpartanBerg, SC

30K Sq,ft. Hotel

BPO = $20 million

Asking = 18.00 Million

PACKAGE # 5-34 – STATUS – AVAILABLE 6/2/09

REO COMMERCIAL Columbia, SC

7+K Sq.ft. Restaurant

BPO = $1.7 million

Asking = $1.15 Million

Fees included

PACKAGE # 5-35 – STATUS – AVAILABLE 6/02/09

REO COMMERCIAL Tampa, FL

16K Sq.ft., Office Building

BPO = $1.0 million

Asking = $690K

Fees included

PACKAGE # 5-37 – STATUS – available 6/2/09

REO COMMERCIAL , NC

2,8K Sq.FT. Convenience store

BPO= $525K

Asking = $ 357K

Fees included

PACKAGE # 5-38 – STATUS – available 6/2/09

REO COMMERCIAL, GA, 4.3K Sq.ft. commercial building

BPO= $370K

Asking = $ 251K

Fees Included

PACKAGE # 5-39 – STATUS – available 6/2/09

REO COMMERCIAL, SC, 2.3K Sq.ft. convenience store

BPO= $350K

Asking = $ 231K

Fees Included

PACKAGE # 5-40 – STATUS – available 6/2/09

REO COMMERCIAL , NC, .8 AC. Convenience store

BPO= $370K

Asking = $ 251K

Fees Included

PACKAGE # 5-41 – STATUS – available 5/26/09

REO COMMERCIAL , FL, 4.3K Sq.ft. Office building

BPO = $380K

Asking $258K

Fees Included

PACKAGE # 5-42 – STATUS – updated 6/2/09

REO COMMERCIAL , NC, 2.8K Sq.ft. Convenience store

BPO= $274K

Asking $191K

Fees Included

PACKAGE # 5-43 – STATUS – available 6/2/09

REO COMMERCIAL , SC, 5K Sq,Ft. Restaurant

BPO = 350K

Asking = $228K

Fees Included

PACKAGE # 5-44 – STATUS – available 6/2/09

REO COMMERCIAL , NC, 1.2K Sq. Ft. Office

BPO = $220K

Asking =$149K

Fees Included

PACKAGE # 5-45 – STATUS – SOLD 5/29/09

Buyer Alert! Buyer beware

All Properties are REO

You must do diligence!

19 Multi-family properties in Bronx (6), Brooklyn (5), Far Rockaway (2), Flushing (1), Jamaica (5)

BPO estimate: $3.17 million

Price: $1.7 million includes 3% fee

PACKAGE # 5-46 – STATUS – SOLD 5/29/09

Buyer Alert! Buyer beware

All Properties are REO SFR, Multifamily, Commercial and Retail

You must do diligence!

24 Multi-family properties in NY – Bronx (6), Brooklyn (7), Far Rockaway (4), Floral Park (1), Jamaica (3), NEW HYDE PARK (1), ROSEDALE (2), SAINT ALBANS (2), SOUTH OZONE PARK (1), SPRINGFIELD GARDEN (1),

BPO estimate: $5.8 million

Price: $3.0 million includes 3% fee

PACKAGE # 5-47 – STATUS – available 6/2/09

REO 48 SFR – New York properties in – Bronx (6), Brooklyn (11), Far Rockaway (6), Floral Park (1), Jamaica (5). FARMINGDALE (1), FREEPORT (3), SAINT ALBANS (1), Cambria Heights (1), East Elmhurst (1), Pleasant Valley (2), POUGHKEEPIE (8), South Ozone Park (3),

BPO estimate: $14.5 million

Price: Make an offer and include 3% fees

PACKAGE # 5-48 – STATUS – corrected 6/3/09

REO 12 projects in New York State some unfinished, total of 301 Apartments, 1 Commercial Condo

Cities: NYNY (3), Brooklyn (5), Flushing (2), Yonkers (1), Jersey City (1)

BPO estimate: $70.9 million

Price: Make an offer and include 3% fees

PACKAGE # 5-49 – STATUS – Revised 6/2/09

Non Performing (35) Notes

Colorado and Arizona – Commercial (3), Retail (3), Lots (8), SFR (13),Multi-Family(3), Retail (3), Office (4), Estate (1)

LTV % average 75%

Loan Value total is $57.6 million

Price: Make an offer and include 3% fees

PACKAGE # 5-50 – STATUS – available 6/2/09

14 Waterfront Condos and boat lifts. The project is 85%, FL

BPO finished in 2008 = $7.5 million

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-1 – STATUS – available 6/02/09

Non Performing Notes

14 office and retail New Units. 20,000+ sq.ft., FL

BPO fto be determined in Escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-2 – STATUS – available 6/02/09

Non Performing Notes

9 Condos 1,600+ Sq.Ft., FL

BPO to be determined in Escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-3 – STATUS – available 6/02/09

Non Performing Notes

150+ room Hotel , FL

Recently Remodeled

BPO to be determined in Escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-4 – STATUS – available 6/02/09

Non Performing Notes

3 Condos 2,000+ Sq.Ft., FL

Recently Remodeled

BPO estimated $340,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-5 – STATUS – available 6/02/09

Non Performing Notes

70+ unit Apartment building FL

BPO estimated $7,550,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-6 – STATUS – available 6/02/09

Non Performing Notes

1 Condo 4 bed ,3.5 baths(5,100+ Sq.Ft). FL

BPO estimated $1,250,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-7 – STATUS – available 6/02/09

Non Performing Notes

2 Commercial building(16,100+ Sq.Ft). FL

BPO estimated $1,350,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-8 – STATUS – available 6/02/09

Non Performing Notes

13 Condos (1,100+ Sq.Ft). FL

BPO estimated $1,490,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-9 – STATUS – available 6/02/09

Non Performing Notes

11 Unit Strip Center (12,000+ Sq.Ft). FL

BPO estimated $1,890,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-10 – STATUS – available 6/02/09

Non Performing Notes

1 Warehouse Flex Space(14,000+ Sq.Ft). FL

BPO estimated $968,153.00

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-11 – STATUS – available 6/02/09

Non Performing Notes

1 Warehouse Flex Space(14,000+ Sq.Ft). FL

BPO estimated $968,153.00

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-12 – STATUS – available 6/02/09

Non Performing Notes

1 Medical office building 4,000 Sq.Ft.. FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-13 – STATUS – available 6/02/09

Non Performing Notes

2 Building office complex (3,340+ Sq.Ft). FL

BPO estimated $524,900

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-14 – STATUS – available 6/02/09

Non Performing Notes

5 Condos 2/2 (950 Sq.Ft.) FL

BPO estimated $400,900

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-15 – STATUS – available 6/02/09

Non Performing Notes

20 units in 3 building FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-16 – STATUS – available 6/02/09

Non Performing Notes

1 Office condo 2,500+ Sq.Ft. FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-17 – STATUS – available 6/02/09

Non Performing Notes

1 SFR (2300+ Sq.Ft.) FL

BPO estimated $575,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-18 – STATUS – available 6/02/09

Non Performing Notes

1 Office condo 2,500+ Sq.Ft. FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-19 – STATUS – available 6/02/09

Non Performing Notes

1 Townhome (1200+ Sq.Ft.) FL

BPO estimated $375,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-20 – STATUS – available 6/02/09

Non Performing Notes

1 Townhome (2500+ Sq.Ft.) FL

BPO to be determined in escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-21 – STATUS – available 6/02/09

Non Performing Notes

1 SFR (2200+ Sq.Ft.) FL

BPO = 290K

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-22 – STATUS – available 6/02/09

Non Performing Notes

1 SFR (2400+ Sq.Ft.) FL

BPO = 200K

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-23 – STATUS – available 6/02/09

Non Performing Notes

1 Commercial Building (1600+ Sq.Ft.) FL

BPO = 270K

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-24 – STATUS – available 6/02/09

Non Performing Commercial Notes

Pool value at 146 Million

24 notes,

States: NYNY, Bronx, Staten Island, Brooklyn, Ashbury Park, Jersey City, Ft Salonga, NY

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer include 3% fees

PACKAGE # 6-25 – STATUS – available 6/022/09

Non Performing Notes

42+ Townhomes with 2 car Garage (1800+ Sq.Ft.) CA

Loan Balance 14.1MM

Status: 95% Complete

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-26 – STATUS – available 6/02/09

Non Performing Notes

2 notes New York, NY –

(1) Commercial office BPO = 66.1MM-LTV(68%),

(1) Multi-family BPO =77.3MM-LTV(49%)

Combined Loan Balances 64.4 MM

Status: Complete

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% fees

PACKAGE # 6-27 – STATUS – Available 6/2/09

REO SFR 16+ state, Heavy in OH,MI, and PA

1096 Single Family homes

BPO = 70mm This is a owner estimate

Price = 12.6 mm

Make an offer include 3.0% fees

PACKAGE # 6-28 – STATUS – Available 6/3/09

REO state, Heavy in NV Las Vegas, Henderson, Reno, North Las Vegas

14 Single Family homes

BPO = 3.8mm This is a owner estimate

Price = 1.1 mm

Make an offer include 3.0% fees

PACKAGE # 6-29 – STATUS – Available 6/3/09

REO state, Heavy in AZ Maricopa,

87 Single Family homes

BPO = 11.1 mm This is a owner estimate

Price = 5.5 mm

Make an offer include 3.0% fees

PACKAGE # 6-30 – STATUS – duplicate 6/3/09

PACKAGE # 6-31 – STATUS – Available 6/3/09

REO state, Heavy in CA Southern California,

172 Single Family homes

BPO = 42.8 mm This is a owner estimate

Price = 26.28 mm

Make an offer include 3.0% fees

PACKAGE # 6-32 – STATUS – Available 6/3/09

REO state, Heavy in Orange County, Southern California,

60 Single Family homes

BPO = $23.8 mm This is a owner estimate

Price = $16.41 mm

Make an offer include 3.0% fees

In order to move forward we need a completed purchase order and buyer profile. We also need proof of funds not more than three business days old along with the name and telephone number of their bank officer.

Write me at either help@joetufo.com or joe@joetufo.com or call me at 1-800-669-2700

Categories
REO

REO Heavy in Orange County, Southern California,

This came in June 3rd at 5PM:

Joe:

This is new and may be of interest to you and your group. This will go fast.

Paul L

PACKAGE # 6-32 – STATUS – Available 6/3/09

Continue reading “REO Heavy in Orange County, Southern California,”

Categories
REO

$12.6m REO Bundle 1096 Properties

I received a call Wednesday at 1:20PM From a seller’s mandate for 1096 single family homes in Ohio, Michigan, Pennsylvania, Iowa, Indiana, and Illinois. That’s $11,496 a home less than the price of a seven year old minvan. These homes can easily rent for $500 a month. The price represents a 23% BPO (Property value $54.7m). The 3% commission for all parties is included in the purchase price.

Continue reading “.6m REO Bundle 1096 Properties”