BiggerPockets

My investor partners & I are seeking a source of Bulk REO portfolios direct from the seller. We prefer major metro areas in the Sun Belt region (South, Southwestern US)

We have been working with the first group to be approved under the government PPiP (Public Private Investment Program) program. Our calls with the director of this program for this institution has confirmed that they are now fulfilling orders for the product that they are receiving through the FDIC as well as numerous banks. They are expecting about $5B per month in inventory across all asset classes, including SFR and SFR non-performing notes, Commercial and Commercial Notes.

The program steps are attached. One caveat: They require a minimum of $10 Million per transaction. Larger orders are of course more welcome.

If you would like to proceed, please let me know and I will set up a conference call with the asset manager.

The HUD supplier is a non-profit that is authorized to sell the REO from HUD, Fannie and Freddie through the economic development program. This is a relatively new supplier, having processed 4 orders in the last 2 months, the largest being $1Billion Nationally. They do have several more orders pending and are accepting orders from $10 Million and up. Again, if you are interested, I will set up a conference call with the institution.

If you would like more information, please contact me.
[EMAIL & PHONE NUMBER REMOVED]

Sounds a lot like this thread, no? Do you think there's something real here, Skylar? These properties are supposed to be coming out of this public/private deal at some point.

:cool: Skylar