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REO PROPERTIES
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AJM Trading Co. is a
complete REO & Note company that specializes in placing
Buyers orders direct to the sources (Banks, Hedge Funds,
Compilers). We are mainly connected directly to sources
but sometimes we may work directly thru sellers brokers.
We connect nationwide Buyers and Sellers of REO
Properties and Real Estate Notes on a daily basis by
working with a large network of investors and
institutions. We are able to shop around to get the best
price for your transaction. Every REO Property Package,
Real Estate Note or any other type of note is unique.
Terms and conditions vary but so do the objectives of
both buyers and sellers. There are many investment
opportunities in the market place, Let AJM trading
company help put your deal together. |
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For More
Information Click
Here
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**
Samples of Current and Recent
Packages ** |
A1 - 10B - Exclusive, available
tomorrow
A2 - 30B - available today
A3 - 348M - Exclusive, available
today
A4 - 22M - Exclusive, available
today
A5 - 9.55M - Exclusive,
available today
A6 - 2B MTN (mid term note),
available today
A7 - 60B (can be taken in 500M
blocks), available today
B1 - 1, $5 Billion 46+2= 48% LTV
with fees Nationwide
concentrated in Cali
B2 - 2, $1.9 Billion 36+2=38%
LTV with fees Nationwide Lite to
No-rehab
B3 - 3, $2.1 Billion 36+2= 38%
LTV with fees Nationwide Lite to
No-rehab
C1
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Nationwide Sales price: $8.850
Million Value: $15.0 Million 59%
LTV
C2
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Nationwide Sales price: $13.57
Million Value: $23.0 Million 59%
LTV
C3
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Nationwide Sales price: $64.0
Million Value: $100.0 Million
64% LTV
C4
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Nationwide Sales price: $310.0
Million Value: $ 500.0 Million
62% LTV
C5
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Nationwide Sales price: $340.0
Million Value: $1.0 Billion
34% LTV
C6
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Nationwide Sales price: $2.7
Billion Value: $5.0 Billion
54% LTV
C7
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Nationwide Sales price: $2.205
Billion Value: $6.3 Billion
35% LTV
C8
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Nationwide Sales price: $2.38
Billion Value: $7.0 Billion
34% LTV
C9
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Nationwide Sales price: $1.475
Million Value: $2.5 Million
59% LTV
D1
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PACKAGE #1
190 units of REOs
Nationwide 19% OH/MI FMV
29,049,271 Purchase Price 55+3
D2
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PACKAGE #2
152 units of REOs
Nationwide FMV 21,828,948 Wall
Street BPO (usually 7% low)
Purchase Price 60+2
D3
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PACKAGE #3
640 units of REOs
Midwest
FMV 9,546,694
Wall
Street BPO (usually 7%
low) Purchase Price 60+2
D4
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PACKAGE #4
51 units of REOs
California
FMV 20,800,128
Wall
Street BPO (usually 7%
low) Purchase Price 60+2
D5
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PACKAGE # 5
1670 units of REOs
Nationwide FMV 347,971,400
Wall
Street BPO (usually 7%
low) Purchase Price 60+2
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REO
Purchase Guide |
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Our REO Email Alert List!
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REO
FAQ's |
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for more information! |
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BUYING BANK OWNED PROPERTIES
There is a lot of interest in buying bank owned properties these
days. A lot of information, some good and some bad, is floating
around about the subject. Often the information offered is for sale,
with the promise that you can make a lot of money with little effort
once you know the secret formula. The fact is that there are no
secrets, and to make money does require effort.
WHAT ARE "REO's"?
An REO (meaning real estate owned) is a property that goes back
to the original lender after the foreclosure process has run it
course. Given that the market is currently flood with foreclosures,
most foreclosure auctions result in the lender being the sole bidder
on a particular property. In far too many cases, there was not
enough equity in the property to satisfy the loan after sale. In a
foreclosure sale, the lender will generally bid an amount that
includes the loan balance, accrued interest, attorney's fees and
foreclosure costs. Any other liens that are attached and junior to
the foreclosed loan are extinguished by the sale. Very few
foreclosure auctions result in a successful sale on the courthouse
steps. After the process is complete, the property "reverts" to the
lender. It becomes an REO, or "real estate owned" property.
REO'S vs FORECLOSURE PROPERTIES
REO Properties (Real Estate Owned) are properties that have gone
back to the mortgage company after an unsuccessful foreclosure
auction. You see, most foreclosure auctions do not even result in
bids. After all, if there was enough equity in the property to
satisfy the loan, the owner would have probably sold the property
and paid off the bank. That is why the property ends up at a
foreclosure or trustee sale.
Foreclosure sales begin with a minimum bid that includes the loan
balance, any accrued interest, plus attorney's fees and any costs
association with the foreclosure process. In order to bid at a
foreclosure auction, you must have a cashier's check in your hand
for the full amount of your bid. If you are the successful bidder,
you receive the property in "as is" condition, which may include
someone still living in the property. There may also be other liens
against the property.
Since what is owed to the bank is almost always more than what
the property is worth, very few foreclosure auctions result in a
successful sale. Then the property "reverts" to the bank. It becomes
an REO, or "real estate owned" property. |
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TURN KEY REALTY -
Is one of the most diversified florida investment real estate companies
specializing in the hottest Real Estate Markets throughout the state of
Florida. Our firm specializes in florida investment real estate
and condo conversion florida and florida land investments
that offers the best investment opportunity for an investor to benefit
from the soaring real estate prices.
The web site tools found
on this site offers many opportunities with Buyer
Information or
Seller Information to view the latest properties for sale in
Florida home builders or the state of florida by utilizing the
search ability of the
local
MLS or the
state MLS (multiple listing service). Also, available is
community information,
consumer links,
school information and
real estate news.
We specialize in
Florida investment real estate
but also are very active in sales of single-family homes, condos,
preconstruction property and land utilizing the following Florida
Turn Key Realty web sites:
Florida Builders Network,
Florida
Condominium Search,
Florida Home Search,
Florida Investment Real Estate,
Florida New Home Search,
Florida
Land Search and
Florida Preconstruction Condos.
Florida is a
beautiful State and Florida New Homes and
Preconstruction Homes are just as beautiful; if you've
ever thought purchasing Florida Real Estate then nowhere on
the web is the selection of Florida Investment better - We have
the best Florida New Condos, the best Florida New
Homes, ALL the best Florida Real Estate. We even have
listings of current and future construction of Florida
Homes, so you can plan for the future.
You can
Contact Us via online form or you can speak to A
Turn Key Realty representative any time by calling us
Toll Free @ 1-866-920-8876
and we will assist you with a quick and informative
response.
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