All Forum Posts by: George Wagner

NCND = No Chance No Deal!

You must work for a Hedge Fund huh? Good luck with that request!

The commercial REO market is just getting started. Look for a glut of properties in about 8 months.

Originally posted by OneTimeBuyer:

It's not possible.

I concur; it just doesn't work that way. The REO department employees only have so much room for negotiation. It is their fiduciary responsibility to return as much money to their investors, so they are only allowed to go so low. That is just the way it has been set up and the banks are sticking to that protocol … seemingly no matter what.

Look at it this way: If they cave for you...they will be flooded with wholesale requests they simply do not have the power to accept.

As long as you can accept the process... I see tapes go for as low as 150k. You can read how the process works on the site in my signature.