Bank Tape of REOs and NonPorforming Notes...

[Daryl Webb]

Hey there BP members... My favorite place in the world to follow my dreams...

I have a scenario for you all... May be your expertise of those who are in the bulk bank tape performing/nonperforming note/REO business... What if someone sent you a tape of REOs and some nonperforming notes to broker to someone else or buy yourself? Lets say that I want to broker them, or most of them to someone else, where do I start in terms of contacting and what percentage should I charge for myself for brokering the deal?

The note business is why I got back into the real estate business. However, flipping single owner notes are far more different than unemotional bank tapes that they are trying to get rid of. If anyone has a home study note program that they would like to get rid of, I would love to take it off of your hands. These note gurus cost too much money for what I want to afford for now.

Anyway... I truly need the expertise about these things.

Thank you all in advance...

Daryle