Long Beach, Ca. The real protocol of how to purchase Bulk REO Properties
By Kirk Mulhearn
(Prudential California Realty/Gem Mortgage)
Long Beach, Ca. Bulk Purchase of REO, notes and distressed assets through one of the largest resellers of lender owned assets in the United States and an approved asset manager under the U.S. Governments (Public-Private Investment Program) for the disposition of bulk REO/Distressed assets through the FDIC. In order for new and/or prospective buyers to get a better understanding of how to buy wholesale bulk real estate assets through this program we have prepared the following flow chart. Should you have any additional questions please call: Step 1 NAA Representative will assist Buyer in preparing the following for submission: 1. Letter of Intent 2. Executive Summary/Profile 3. Non Compete Non Disclosure Agreement Step 2 Prospective New Buyer (Buyer) to be considered for bulk invento...