| Let's get something straight to start with. There is NO | | | | The reality is that our company is calling the banks |
| HIDDEN or Shadow Inventory of Distressed Assets. | | | | every single day and I can tell you from our |
| I know many of you keep hearing that the second | | | | experience that nothing exists in CA, AZ, NV in bulk |
| wave of foreclosures is coming. You could be thinking | | | | SFR tapes at discount prices (we have strong |
| that because you are having difficulty in obtaining large | | | | relationships with almost all the mid sized institutions). |
| bulk reo tapes, that the Banks must be holding or | | | | The banks at best only have 1-5 REO properties at a |
| hoarding houses back from the market or that | | | | time and they are unloading those via Realtors and |
| perhaps they are about to flood the market with | | | | brokers at NO discount. Asset managers are telling us |
| thousands of properties. | | | | that most of their bank owned properties are actually |
| We've been hearing that from many people for over a | | | | selling at full market value without any need to |
| year now. I have never bought into it, because as I | | | | discount! The markets are moving in these states! |
| have always stated, is that the market can handle | | | | The inventory in the Southwest has dried up and the |
| more inventory than most would think There is so | | | | demand is obviously heading east across the Midwest. |
| much pent up demand it's crazy. | | | | I can tell you that demand FAR exceeds supply so we |
| The assumption that I have never challenged, until now, | | | | only expect bulk SFR tapes in the Midwest and east |
| is that these foreclosures EVEN EXIST! Take a look | | | | to last another 12-24 months. The inventory that is |
| at the latest numbers crunched at Foreclosure Radar. | | | | available will NEVER be cheaper than it is now. |
| I don't know how you can argue with the data, the | | | | I am sure many of you have seen large, pennies on |
| sales volume has been so great it is outpacing the | | | | the dollar California Single Family Residential "tapes" |
| numbers of foreclosures hitting the market. We have | | | | flying around the internet, but I can assure you that it is |
| been saying that for over a year! | | | | NOT authentic product. |
| It is important to point out that there are massive | | | | Many buyers are frustrated that they can't find |
| numbers of defaults and foreclosure sales that are | | | | anything and it's simply because it's GONE. Anyone |
| "hung up". It's an absolutely huge number, but still, there's | | | | telling you that they have $200M - $1B in bulk single |
| not one person I've spoken to that believes that there | | | | family homes at thirty (30) cents on the dollar is a |
| are masses of foreclosures post sale, sitting inactive | | | | joker or a part of a daisy chain of jokers... |
| that are not even being placed on the market. | | | | So, check out the bulk market for yourself - the |
| The crazy thing is that every investor buyer wants to | | | | implications are huge for savvy investors! The Midwest |
| believe that they can purchase bulk these single family | | | | is a market we are promoting because of the stock |
| residential (SFR) tapes in CA, NV, AZ at 50-70 cents | | | | availability at low prices. Investors who are waiting to |
| on the dollar. These investors are so motivated at the | | | | buy may really, really miss the boat. Available inventory |
| prospect that they are willing to treasure hunt for | | | | has never been sold at such low prices. Waiting may |
| inventory that does NOT exist. | | | | be harmful to your wealth! |