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Welcome to our new Bulk
REO Division!
In recent months we have made a few connections with sources who
have direct contact with banks and their REO departments.
Thus, we can provide to you scores of homes and/or
notes which are bank owned.
These banks are offering dramatic discounts on their inventory of
assets. These deals are reserved only to people with verifiable
liquid cash resources, though. Due to buying in bulk and
buying with cash (no loans allowed during the purchase) the selling
institution will give you these discounts.
Quick definitions of terms.
LOI - Letter of Interest or Letter of Intent
POF - Proof of Funds
VOF - Verification of Funds
The Process
The procedure in moving forward is quite simple. To the
left is a PDF file named "LOI
Procedure". Please print and fill out this form.
If you are not the buyer but you are the buyer's representative then
you will fill out your position on this form and have the buyer fill
out his/hers.
Fax or email the complete form to Kevin. If there are any
additional intermediaries between yourself and the buyer then all of
their names and contact information must be attached in a separate
document.
After submission of the LOI, it will take approximately 7 - 10
business days to compile the Tape. VOF are
handled by the Selling Institution directly. Once the tape is sent
to the Buyer, they will have 24 hours to review it.
Afterwards, they will have to decide to open escrow and receive the
full un-sanitized copy and move to contract OR pass on the Tape
altogether. After escrow is opened the typical due diligence
period is 5 - 7 business days (depending upon the size of the Tape /
Order). Thus, to initiate the process the Buyer must supply
some info about their POF on the LOI.
Intermediaries
As with any business transaction, there are people in the middle
who initiate putting a deal together. These people are vital
in order to connect the Buyer with the Seller. The same is
true with our Bulk REO Program.
In regards to your own security and Buyer's privacy only the
upper level management will be notified of Buyer's private
information. Rest assured, we will not be violating Buyer's
privacy and are only here to ensure Buyer acquires Tapes he/she are
seeking.
As of the writing of this webpage Kevin Dunlap is one person
removed from the direct banking source. His name is Michael
A***. Kevin does maintain continual contact with this
source. Michael has multiple bank sources. Thus in every
deal the following intermediaries are assumed and will stay on top
of all transactions.
- Seller's Representative or Bank Officer(names change as
institutions change or a group of institutions are involved.
- Michael A. or Daniel or other contact person
- Kevin Dunlap as Trident Investments Group (us)
- Any additional people between Kevin and actual Buyer.
Requirements from Buyers
You must be able to show verifiable Proof of Funds.
This information is part of the LOI and will be verified by the bank
institution itself.
Your anonymity will be protected. We do not sell names or
contact information to other parties.
LOI Requirements
Let us know what you are wanting for an investment. Since
our master lists are customizable we can usually have your order
filled within days.
1.) Areas of the country you are seeking. This can be a
breakdown by city, state, zip code, or general region (i.e.,
Southwest US or Southwest LA)
2.) Amount you are willing to spend on that area. This is
where you must show Proof of Funds.
3.) Your contact info or your intermediary contact info.
That is it.
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