What are Bulk REOs?

Bulk REO portfolios are bundles of properties from banks or developers. On either case these properties are sold at discount prices to facilitate a quick sale and liquidate the properties in order to shore-up the haevily burdened balance sheets quickly (before a bankruptcy filing is inevitable). When lenders have an increased amount of properties and need to liquidate, they sell these properties in REO portfolios, also called Bulk REOs. Generally these properties are sold at considerable discount to the buyer, in exchange for a quick sale. Bulk Real Estate Portfolios and Builder buy outs are another great investment opportunity. Some can be purchased as low as 40c - 60c on the dollar. Making this a great Real Estate Investment. Bulk REO portfolios come a variety of sellers that might need to liquidate their Real Estate holdings. Also a great purchase when looking to either resale or hold as rental income.
Builder buy out are bulk portfolios of properties that the builder has not yet been able to sell for some reason. Many time builders get into a project, construct the properties and then run out of funds to hold the construction loans.

Below please find a list of business making markets (i.e. either buying or selling in Bulk REO packages)