The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (87976)	9/3/2007 1:48:52 PM
From: Broken_Clock	Read Replies (3) of 306849

OK, so I was able to confirm at least 2 major banks are unloading mortgages in bulk. 1.Minimum $10,000,000 tranches 2.Confidentiality agreement first 3.Buyer can select the area he wants homes in(50 miles of downtown San Diego for example) 4.Buyer can select the price range of properties(500-800k for example) 5.Buyer will negotiate directly w/bank 5.Recent prices 30 to 50 cents on the dollar Not too sure about this but the reason given is that banks must unload do to tightening of the loan loss provisions, etc. Regulators say they need more cash and less loans on the books. There are some interesting opportunities for those with 10m to spend. -g-

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next