REO Purchases
The PerDare Group is working directly with several large national compiling groups and institutions that are a direct source for REO portfolios for buyers in need of regional and national pools of properties. As your source of discounted wholesale properties, The PerDare Group can provide a constant supply of inventory. Likewise sellers looking to facilitate a portion of their inventory can utilize our services to access a buyer.
Align yourself with a solid source in order to acquire bulk REO pools at the right price. This requires a source that can provide inventory that is in an exclusive position, this allow for an environment that is free of bid wars. The PerDare Group is this source.
We offer bulk wholesale REO pools to qualified Buyers with Proof of Funds.
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Approved Buyers may custom order portfolios with an average 35% - 55% LTV nationwide.
Potential Buyers are required to show in advance Proof of funds (POF) and Letter of Intent/Interest. These are requirements demonstrating an ability to execute the contracts and close in the required time schedule. These required documents will only be submitted to the fully authorized selling source.
Buyers must be equipped to close quickly within 14-21 days.
Bulk REO Acquisitions Process
Buyers are connected directly to the sellers, thru our offices. Custom orders are typically filled within one to two weeks. Time is dependant on the current market conditions and the volume of the order.
REO Order Options
- Orders should from $5 Million to $500 Million. (orders larger than $500 million can also be facilitated)
- Ability to select any region in the US
- Desired Loan To Value(LTV) Range
- Level of needed rehab
The acquisition cost of a portfolio varies, depending on the type of portfolio you order. Premium pricing is dependant on the size of your order.
Read More about our REO Procedures
For additional information or to place an order please call us directly at (702) 818-1126, you can also contact us online here.
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