I have seen/been involved with a few smaller REO deals, but I have never actually known anyone to close a bulk REO deal over $200M.

Prior to working in the commercial field I was involved with resort development.

banks won't really get involved with people buying with assignment rights.

Have you gotten anywhere with getting involved with any flips currently?

If I find were to find a deal on one of these properties, put a contract on it and wholesale it - how does this all work when a Realtor is involved (the one who sent me the listing)?

Why not just do things right and refuse to be involved in fraud?

You are an investor and not a licensed technician.I do like the idea of doing a number of jobs directly to gain some idea as to what is involved.

Is there earnest money involved in a contract for an reo?

He has a $5 bill monthly revolving budget with top ups if needed.A recent deal in which I have been involved in with him ( and a nice little earner for self ) has been a reverse sale of $100 mill ( well 98.7 mill ) of bulk purchased and inventoried REO's.

Prosecutors were able to include in the indictment properties in the District and Virginia because the proceeds came back to Montgomery.The transaction involving McLeod's grandmother, Edna G.