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Forums » Bulk REO Discussion and REO Dealmaking » role of intermediary in a bulk reo deal

role of intermediary in a bulk reo deal Subscribe to role of intermediary in a bulk reo deal

3 posts by 3 users

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Carl Kahkonen

Real Estate Investor · bainbridge, New York


Forum_avatar_avatar-carlkahkonen

Dec 02 '09, 07:03 AM

what is the role of the intermediary or middleman in a bulk reo deal. what do they do to earn their fee when dealing between seller and buyer or sellers or buyers mandate. Very interested in subject, and just wondering what the role of a middleman is. comments appreciated. Thank You.

Edited: 06/26/2010 at 10:43AM


Daveatte Butler

Wholesaler · Ofallon, Missouri


Forum_avatar_avatar-daveatte

Jan 06 '10, 10:22 PM

It really depends on where you are at in the mix. I am one and my role for the most part is to screen deal as much as I can. If I bring buyers to the table I will make sure they are real and not just window shopping, I check on their names to see if they are known in this world. Cause trust me there are not too many players in this game. If you don't know them someone will in your circle. I should have said this 1st before I ever ever bring my buyers to table I make sure that the sellers are legit the best way I can. After the screening I get the paperwork need signed and to each source. After that I let the Buyer and Seller talk and wait to see if it going any further, hopefully to the closing table.

Edited: 06/26/2010 at 11:08AM


Jon Holdman

Real Estate Investor · Wheat Ridge, Colorado


Forum_avatar_avatar-wheatie

Moderator Pro

Jan 06 '10, 11:06 PM

All bulk REO discussion MUST be in bulk REO forum.

Edited: 06/26/2010 at 11:08AM

Small_flying-phoenixJon Holdman, Flying Phoenix LLC




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