Buyers
Purchase Bulk REO is the premier facility for an open dynamic bidding exchange as a viable sales exit strategy to attain real estate assets. Our auction facility significantly maximizes your chance for expediting assets for your possession. These assets may include, but not limited too REO’s(Bank Owned Properties) and notes. Assets will be listed for sale in bulk bundles. Our Online Auction environment enhances the sale of these assets which benefits all with competitive bids and timely closings. To protect the integrity and auction process of this site it is limited to pre-screened and pre-qualified direct sellers and buyers only.
Seller Benefits:
- No cost to buyer, unless you’re the winning bidder
- Opportunity to buy a large quantity of assets
- All sellers are pre-screened for portfolio capacity
- Winning bidder pays a transaction service fee on the bid amount upon opening escrow of:
- 2% of the purchase price
- Buyers may utilize the site to provide access to increase their real estate assets
- Direct Buyers or Direct Authorized Agents of Buyers only
- No “Daisy Chains” allowed
- Easy bidding of REO assets
- Live online bid tracking
- Option to receive email alerts
- Access to your current and past transactions
- Anonymous bidding to insure privacy
- Competitive bids to limit the price you’ll pay
- Expedited closings
Qualified Winning Bid:
- Bidder executes contract by depositing 10% of the winning bid plus our service fee in an escrow account within 48 hours after auction closes.
- Winning bidder usually has (5-10) days to do their due diligence after auction closes.
- After due diligence period winning bidder has 72 hours to finalize contract and fulfill its obligations