Bank Owned REO Properties For sale
REO (Real Estate Owned) is a property that
goes back to the Bank after an Unsuccessful
foreclosure auction(Trustee's Sale_Cash Bid-auction)
Link to view More Listings for sale
Direct: 949-856-9857
E-Mail to Frank Kao
Kingsamerica
Realty & Mortgage Corp
5616 Kingsford
Irvine, CA 92603
Bulk REO Properties for Larger Invstor:
We are able to obtain bulk REO packages and
We work directly with compilers at major
banks and hedge-funds that are
unloading big blocks of REOs. Banks need
to move the bulk units to maintain
regulatory and liquidity requirements. Portfolios
are being offered at
discounts. The larger the sale, the greater
the discount.
Our portfolios are compiled on a first come
first serve basis and we will need
the following documents to our escrow company
to initiate compiling. Once, we
receive the following documents, we will
then draft a executive non-disclosure
agreement for all parties to sign.
Required documents if a Corporation/Company:
- Letter of Intent
- Brief history of your company
- Recent Financial Statement
- Provide satisfactory evidence of compliance
with applicable federal and state
laws necessary to conduct business, including
copies of current licenses. If
you intend to purchase Mortgage Notes, please
provide copies of the relevant
servicing license for each state involved
- Copy Organization Chart
- Resumes of company principals
Required documents if an Individual:
- Letter of Intent
- A copy of State driver's license
- Hard proof of funds
Frank Kao
949-856-9857
frank_kao@kingsamerica.com