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REO Properties Listings

Source: http://feeds.feedburner.com/~r/richard-wilson-blog/~3/379796883/reo-properties-listings.html
 Posted on Sunday, August 31st, 2008 | In Hedge Funds
Contributed by: Richard C. Wilson (http://richard-wilson.blogspot.com/) -

REO Properties

Real Estate Owned (REO) Properties and Listings

Many of you in the hedge fund industry who read my blog also frequently visit Hedge Fund Message Board.com or other online forums. You may remember 9-12 months ago a large set of REO brokers and sales agents practically taking over a few online forum in the online hedge fund community trying to connect with hedge fund managers looking for REOs. They were quickly banned and considered spam but I do get emails from many of them – usually 2-3/week.

Upfront, I want to be clear that I do not want to get into the business of brokering or helping as a sales agent for banks or REO firms. I would like to identify a reputable broker who does work with hedge funds or private investment groups in this area simply because at this point I’m just having to delete emails from these REO agents as I have no way to help them. I’ve never worked with REO related investments so hopefully I’ll connect with a reputable related group this blog.

Here’s an example of a recent email I received on this topic:

Hello and good day Mr. Wilson. I was doing some research on the topic and I came across your blog. I have several potential customers who are looking to buy Bulk REO and / or Notes portfolios , from $10M and up and up. The thing is, it is difficult for me to find any true portfolio providers who can actually perform and do what they say they can do, especially without a lot of hassle and headache. I’m continuously running into a middleman parade, which always kills the deal. It is my understanding that the majority of Bulk REO and / or Notes portfolios are controlled by either asset managers at banks, or hedge funds. I see that you are the founder of Hedge Fund Group (HFG), so i say let me contact you to see if you could help me out. I have what seems like a new potential customer coming my way daily asking me if can fill their Bulk REO and / or Note orders. If you could help me out or point me in the right direction as to who to talk to, i would most gladly appreciate it. Thank you for your time Mr. Wilson, looking to speak to you soon. Enjoy your weekend.

Anyone have any great resources? websites? white papers? or networking groups I could be referring these people to? Thanks in advance for the help, much appreciated.

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Tags: REO Properties, REO Listings, REO Listing, REO Property, Real Estate Owned Properties, Real Estate Owned Listings, (REO), Bank REO, REO homes, REO Real, REO Real Estate, REO Mortgage, REO Sale, REO Agent, REO Broker, REO Realty, REO Agents, REO Brokers, REO GMAC, REO Commercial

Last 5 posts by Richard C. Wilson
About Richard C. Wilson (http://richard-wilson.blogspot.com/)
Richard Wilson is a hedge fund consultant and head of the Hedge Fund Group (HFG). Richard writes articles on the hedge fund industry on a daily basis. Most of these articles are straight forward educational pieces on hedge fund strategies, terms & definition, trends, book reviews and interviews.

Richard has written two books, The Hedge Fund Blog Book and Rainmaker. The Hedge Fund Blog Book is a collection of my blog posts downloadble for free at HedgeFundsBook.com. Rainmaker is a negotiation and sales book for investment professionals available in electronic, paperback and hardback form at Rainmaker.ws.

Richard's articles have been picked up and used by Reuters, Fox Business News, HedgeCo, Hedge Fund Daily, Nielsons, Wealth Management Exchange, Investopedia.com and a couple dozen niche financial and investment focused blogs and email newsletters, most recently StraightStocks.com

Richard loves networking and truly believes that if you freely give away your knowledge and lessons you have learned in business others will come to your aide when you need a favor or would like to form a business partnership. Email Richard at Richard@RichardCWilson.com

No Responses to “REO Properties Listings”

  1. Chuck Conto Says:
    February 20th, 2009 at 1:12 am

    Hi Richard -

    Just reading this older posting of yours and thought I’d reach out to you. I’m a Pittsburgh, PA based Real Estate Investor who is part of the largest real estate wholesaling business in the city plus we have franchises all over the country. I’m looking for funds who may own blocks of REO properties and need help selling them to end buyers in order to realize their profits. We have hungry buyers looking for these properties and have the ability to move deals. The one thing that sets us apart from using a realtor is that we are geared towards real estate investors and can help sell, fund, and manage each proeprty; truely making us a one stop shop for the end buyer.

    If you know of any fund managers who may need some help getting top price and fast turn arounds when liquidating their REO properties, feel free to send them my way. Again, we are based in Pittsburgh, PA but have franchise offices all over the US.

    Chuck Conto
    REIS, LLC
    724-994-9467

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