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How Me As A Buyer Can Be On The Same Legal Position As An REO Property?

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  • Monday, May 26, 2008 @ 05:51 AM EDT
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How me as a buyer can be on the same legal position as an REO property without having to buy the physical property and basically buy the legal paper from the REO?
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  • cjmazur
    cjmazur26th May, 2008
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    Nothing is the same as REO.

    The closer might be non-performing notes that you buy at a discount and walk-thru the foreclosure process.

    The ultimate leverage would be to by the CMO bonds.

    I saw a 168M portfolio go for 8.6M.

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