How can one find real REO bulk sellers? 27 posts by 11 users

Posted: 12/07/2007 at 12:18PM

I work with an investment consulting firm, and over the last 4 months we have had a number of clients (individuals and hedge funds) submit orders with us for large REO packages. However, many of the sources that we thought were the actual compilers or banks, have turned out to be brokers with no real connections. We currently have a number of real orders from buyers that have already shown us their POFs, but are really having a difficult time filling these orders. We have filled a few, from one specific source, but as additional orders come in we need to establish new, dependable relationships. Does anyone have any recommendations on ways to find individuals that can actually fill orders? Obviously it would be ideal to be able to take our buyers directly to a source and avoid daisy chains, but I am not sure if this is even possible. Does anyone have any insight?
Thanks,

Posted: 12/09/2007 at 10:10PM

I agree with Chris. Finding real sellers or buyers is a challenge. All kinds of people faking it and then there is the outright lieing and at times, forged documents.

You have to be careful and make sure not only the people you are dealing with are who they say they are, but also the documents they send you are legitimate.

We work directly with the buyers, contact me and I'll let you know what we have to sell. If your buyers are interested, we will set up a call with you, the buyers, us and the sellers. This is direct to direct, no daisychaining.

Posted: 02/23/2008 at 12:20PM

We really need MORE Direct Sellers to fill our orders for legitimate direct buyers.

Posted: 02/23/2008 at 01:28PM

????

http://www.directreoandmore.com/contactus.html

Posted: 02/23/2008 at 02:19PM

Your site suggests that you have direct access to REO portfolio's in the 5oo Billion Dollar range?

Substantiate in public as per FTC regulations in regard to internet advertising please??

[size=24]Five Hundred Billion[/size]

Posted: 02/23/2008 at 02:31PM

From your site:

Looking for custom tailored Bulk REO Packages Nationwide? We have what you need from Bulk REOs, Diamonds, Gold, Bank Instruments, and Currency to meet your investing needs. If you are a seller and want to deal with direct buyers our firm saves you time by connecting you to the source.

Our firm will represent you in the marketing and consulting process to ensure that you find what you need in a fast amount of time. We strategically match buyers to direct sellers to provide a fast turn around time and to close quickly. Custom packages are available from 10 Million to 500 Billion and are Direct with the seller.

If its on the internet and in print it must be substantiated with NO strings to the public. No NCND or any other strings. Did you know that?

SO.. Substantiate please.

I cant advertise on the internet that I have the best egg laying hens such and such price, then demand all kinds of paperwork and jumping through hoops in order for you to see the hens.

Yes, I have lost my mind... As far as the discussion of Billions product on the web. It's all very messed up and it hurts the true players in the industry.

O.K. I am done!

Posted: 02/23/2008 at 04:31PM

You know I have run into people that hype their business and don’t perform quite as good as they claim. But in my short time trying to break into the bulk REO market, I have run into more people that are full of ******** than at any time in my life. I don’t remember how I found this site, but I am glad I did as I have learned some from hanging out here. I believe that there are a couple of folks on this board that are talking straight and have talked to one on the phone whom I trust and believe he is a real source. But out of all the folks that I have talked to who tell me they can get product, few if any are for real, other than these two here.

I had a fellow rattle off a string of banks to me Friday that they were direct to and would introduce me to, including Chase, Citi, Wells Fargo and about three or four others I don’t remember. Any more I take it all with a grain of salt. I have had the money in place twice and it went away because they wasted so much time fiddle farting around. I don’t know why they think I want to waste my time like that. I hope to have the money secured again shortly and will try again. Until then I watch and learn, and laugh at folks who post or send me email telling me they have access to billions or like the last one who could fill orders for $10M to $1T. So if anyone wants product, just let me know and I will let you have his email. But you and I know that it would be a waste of time contacting him.

So what is my point? I have no idea. Just flapping my lips and typing what my lips flap.
:shock:

Posted: 02/25/2008 at 11:09AM

As always thanks for the feedback and here are my replies:

First the Contact Us page is not hiding there is access on the main page of the website to select the Contact page. There are several reasons for not displaying our documents and forms on the website. First being there is too much FRAUD and too many daisy chains. We know what forms are needed and what to provide once we verify that a buyer or seller is REAL. We don’t want a lot of fake buyers or sellers which is a waste of time! Once we verify information we then send NCND, Disclosures, etc.

For those who are really closing Bulk REO deals:
There are more buyers to be found than actual direct sellers!!!!!!! You can NEVER have too many direct seller sources!!!!! We need MORE Direct Sellers to match our Direct Buyers! Example, a hedge fund could give us a 500B Package that is nationwide. Those in the business know that most buyers have custom orders in specific locations that they are interested in oppose to a nationwide package.

Business sustainability means adding and growing so YES we are always looking to expand to our direct buyers and sellers. Additionally, our niche is customization for finding what our buyers need. This allows our direct sellers to have their packages taken down quickly.

Still looking for MORE Direct Sellers.

Posted: 02/25/2008 at 11:34AM

Example, a hedge fund could give us a 500B Package that is nationwide.

Kyle,

You mention 500 BILLION again here?

I am done as you clearly do not have a grasp as to the industry.

Posted: 02/25/2008 at 01:16PM

John,

He is saying that as an example of his ability and product, that a Hedge Fund will give him a 500 BILLION dollar nation wide REO package etc.

This is nonsense.