| We have all heard the ongoing rumor that has been | | | | $0.50 cents on the dollar. |
| circulating our industry for the past year or so... | | | | Ladies and Gentlemen, please hear this... Those |
| "There is a glut of foreclosed property that the banks | | | | packages do NOT exist! Bank Tapes in those markets |
| are holding back and anytime soon we will see an | | | | are going for $0.80 cents to PAR; and in some |
| avalanche of REOs hitting the market place when the | | | | instances above market value. |
| second wave hits us" | | | | That is not investing, that is speculating, and we all |
| You are probably inclined to believe this because it has | | | | know there is no difference from doing this to taking |
| been getting harder to buy at a decent discount from | | | | your capital to Vegas and rolling it at the roulette |
| the MLS and it has been scarce in the Bulk REO | | | | wheel. |
| arena as well. | | | | Banks are not stupid nor going broke, they are in fact |
| Well, let me tell you that these rumors are false and | | | | very smart and very liquid. They are releasing their |
| they have been spun by brokers and pretend | | | | inventory in those states through Realtors and retail |
| investors that are not active in the business. Or by | | | | buyers via the MLS, online, and print media. |
| "gurus" that are trying to sell you the next "silver bullet | | | | Our company buys Bulk REO Tapes and Non |
| method" by preying on your fears of the Real Estate | | | | Performing Notes straight from banks and asset |
| market. | | | | managers. We own and control the product; there are |
| The truth is that there is more demand than supply. | | | | no brokers and no "daisy chains". We even allow you |
| The players that were sitting by the sidelines are | | | | to "cherry pick" from out tapes of REOs and NPNs, |
| stepping on to the field, as well as a hoard of hungry | | | | you can take down 1 house or the entire tape. This is |
| international investors and hedge funds. | | | | very rare and hard to find! |
| In fact, the latest sales numbers have been so great | | | | Unfortunately, you can not say the same of most |
| that they have surpassed the number of foreclosures | | | | "companies" out there. All they are doing is |
| currently hitting the market. To be honest, I am starting | | | | misrepresenting product and trying to broker these |
| to believe that there is no glut of foreclosed homes at | | | | tapes and participating in never ending daisy chains. |
| all. | | | | There is no $0.30 on the dollar product unless you're |
| That being said, it is true that there are a huge number | | | | taking down huge multi million dollar tapes at the Buffet |
| of mortgage defaults and foreclosures that are still | | | | level. |
| hanging. This is an astronomical number, but it does not | | | | Bulk REO Bank Tapes will never be this cheap, stop |
| mean that there are stacks of foreclosures sitting | | | | your "smoke and mirrors treasure hunt" and take |
| inactive in bank files all over the world and not being | | | | action now. If you keep waiting for that magical tape, |
| marketed to the masses. | | | | you will be missing out on the biggest opportunity to |
| Due to a ton of misleading information on and off line, a | | | | make money in our nation's history. |
| good number of investors out there believe that they | | | | Keep waiting and you will miss the Money Train... |
| can take down Bulk REO Tapes in CA, AZ and NY at | | | | |