Looking for an investor familiar with REO's

[Teri Elmendorf]

I have a couple posts on here regarding our situation so I am not going to go into detail on this post. I was wondering how I go about finding an investor, experienced in purchasing REO's, negotiating for the best price, etc. Our home was foreclosed on this past Monday and today I spoke with the real estate company that is going to be handling selling it. They did not have a price for me yet, but they did tell me that it will be put back on the market as is (which makes us happy), as there only concern is getting the property off their books so they don't have to worry about upkeep, etc. We now have the cash to purchase it, but obviously, they will not sell it directly back to us and there is no redemption period in Nevada. We are looking for an investor that would be interested in purchasing the property, and then immediately selling it back to us, obviously with a profit to them. We would be fine with doing same day cash close. If you know where I might look, or if you are an investor that would be interested, I would love to chat with you about it, as well as I do have a couple of other questions. Thanks in advance.

[Maricela Chavez]

I'm not sure about the law in Nevada. In Georgia this is illegal. Otherwise everyone would be doing it. Unless who ever buys the house is willing to lie and sign their names on a legal binding document. I don't know how this works where you live. When a property is foreclosed on and the new buyer writes a contract. There is a document that specifically
Says that you do not know the previous owner and that you are not purchasing the property for them. Good luck.