reo sales presentation

1. Welcome toThe REO Business Offer by 3NetInvestments

Neither Sharon Bacchetta nor her partners, affiliates, or team members provide legal or tax advice.

Any d ocuments provided in this presentation are examples only. Always seek professional advice with respect to any document used in a real estate transaction.

A lways consult a real estate attorney for legal advice on your real estate deals.

Foreclosure terms

Bulk REO challenges and opportunities

Buying the REOs

Listing the REOs

Qualifying Buyers

Selling the REOs

Collecting the income

Maximizing reward/Minimizing risk

Foreclosureis a process that gives a lender or other lien holder the right to sell or repossess a property after the owner has failed to comply with an agreement between the parties whereby the property was pledged as a guarantee.

REO means Real Estate Owned (by the bank)

It is a term that refers to the real estate that thebank had to repossessfrom a borrower who defaulted on the terms of a loan owed to the bank and secured by a real property.

The bank goes through aforeclosure processand ends up taking over the property from the borrowerto recover their loan loss . (It becomes a REO in the Non performing Assets Dept.)

It isa contract agreementbetween a seller and abuyer whereby theseller financesthe sale price by carrying a note and retaining legal title of property andbuyer qualifieseasier and faster by making timely payments till pay off with interest to get legal title of ownership

Deed and title:A deed is the document that proves ownership. The title is the manner for which you want to own the property. On the deed of ownership you may hold title as a single and sole owner, or as a LLC, etc.

Thousands of REOs are available:

Banks want to sell you a minimum of 100 homes (in bulk) to give you the best price

Banks want to see proof of funds (no financing)

Banks want to make sure you have experience

Banks sells them to you as is where is

You, the investor must deal with each property individually no matter the location (they are spread out nationwide) to fix it up first then either:

Sell it at retail price (realtor commission)

b) Rent it at market value for a long term upside (takes a long time)

Must pay all cash (several millions for bulk)

Must pay any property taxes still owed

Must pay any water liens still owed

Must get and pay for property insurance

Must place a combo lock box (get photos)

Must place a For Sale sign outside property

Must take calls and qualify buyers

Must send contract and execute the sale

Too much work and risk for long term profits

Must have an office and/or a great team to coordinate various functions per property (Purchasing-rehabbing- qualifying buyers or renters- doing legal paper work- title and deed transfers- handling the income- processing expenses- managing risks)

Must have over $1,000,000+ in CASH and show EXPERIENCE for bank to consider selling a minimum bulk purchase of 100 homes

We have hundreds of REOs available:

With us you can buy 5-10 properties at a time

Your price will be $18 21K each and they resell at apx. $35,000 or more (some sell as high as $75,000)

You get a full turn key opportunity by having anexpert support service team that handles your deals from A to Z

The support service package is offered to you atno additional charge and it includes a g uarantee

Your $18 21K per property includes the following fees, services and guarantees:

Theproperty taxes,if any are owed

Thewater liens,if any are owed

Support gets you property insurance (you pay)

They place a combolock box (and get photos)

They place aFor Sale signoutside

Theytake the callsandqualify buyers

Theysend the contractafter you select buyer(s)

They sell the homes on a land contract within 90 days or less ( contract included )

They turn over contract to a national service company to collect and deposit in your bank account the PITI payments

Weguarantee an exchangeof properties in the unlikely event any of your properties are found burned down (1% statistically) within less than 10 business days

Somehomes may need rehabbut this is not a problem because when home is sold on a land contract based on Support teams surveys for apx. $500 down and low monthly payments of apx. $375 (less than local rent) buyers accept property in as is where is condition and stick to payment schedule to realize their dream of ownership and build equity.

If they default on the payments of a land contract they are evicted and not foreclosed on

Title is assuredto be clear and insured when reselling to end buyer (s)

Deedmay take apx. 90-180 days but you do not transfer it to buyers until they paid on time for 12 months on the land contract

Assistance in case of default . Support can coordinate with legal office for less than $700 fee. You may resell at higher price!

You buy a batch of 5-10 properties plus

Let the support service division handle your listing and qualify the buyers for you

Respond promptly to any calls and emails from support to qualify and select a Buyer from the list they send to you

Read and sign all documents of sale sent to you

Give your bank info to the loan servicing company to deposit money into your bank account

Enjoy income for a year or longer then contact buyers andask them to get a new loan to cash you out based on their good history of paying on time

You may decide to discount the note and sell it at a discount anytime once you have history of payments, we can help you with that.

To sell as many properties in the next 24 months and help 4 different parties:

1) The investors who need cash flow and a chance to participate in the profitable REOs but on a smaller scale. They prefer the low risk, high cash flow of these properties with a turn key service opportunity but have been too busy and confused to find a successful, low risk business model

2) The end buyers who need a chance to own a home and take advantage of the low prices but cannot due to low credit scores . They much prefer to own instead of rent to rebuild their credit and get a chance to build equity

3) The banks who got greedy and ended up foreclosing and holding non- performing assets nationwide

4) The training companies that have been offering one educational program after another without presenting the actual real estate opportunity and creating cash flow for their investors

Buy 5-10 properties @ $18 21K each

The support team will assist you to list and sell as well as get the positive cash flow

You can keep the income or sell the note at a discount

You have support and guarantees on low priced REOs with our full service

Our affiliates pay all back taxes and liens if any

List the properties and qualify buyers

Do all the legal paper work

Your property is resold on a land contract within 90 days

Your returns are usually around 20%+

and they are secured against your RE

Offer guarantees and deliver results

e-mail: [email protected]

reo sales presentation

Documents