Bulk Reo | Cornerstone Homes

Bulk REO Opportunities

How would like to invest in bulk REO properties at pennies on the dollar pricing, without all the hassles of going to auctions, contacting banks, probate sales, estate sales, and everything else you have to do to get a good deal. Most investors have heard of Bulk REO Sales or Bank Owned REO’s. Briefly what this entails is a bank or other selling institution needing to offload multiple properties in quantities larger than 2 (usually larger than 10 or even 100). Cornerstone Homes, LLC. Has aligned its self with sources who have direct contact with banks and their REO departments.

Cornerstone Homes, LLC. provides you with “tapes/ packages” of Homes, Commercial Properties and/or Notes (whatever your preference) which the bank owns and sells to groups of buyers at 18 to 40 cents on the dollar. The groups can range from as little as 2 people to 5 positions with as many as 5 people per position. Obviously, the smaller the better. Cornerstone Homes also tries to keep the “Buyer Representatives” (person representing the buyer) to a minimum, because everyone of these individuals gets a flat rate fee. The reason banks are offering dramatic discounts on their inventory of assets. Is due to these deals are reserved only to people with verifiable liquid cash resources. Cornerstone Homes requires a minimum investment level of $1,000,000. per investor(s)/group. Since we buy in bulk and buy using cash (no loans or transactional funding allowed during these purchases) the selling institution will give us (you) these amazing discounts. world_chart

QUICK DEFINITION OF TERMS. LOI - Letter of Interest or Letter of Intent POF - Proof of Funds VOF - Verification of Funds THE PROCESS The procedure in moving forward is quite simple. Once you have filled in the form to the right of this page Cornerstone Homes will email you with a fill-in–the-blank PDF file named “LOI Procedures”, along with a very detailed (eBook) of the step-by-step Bank Owned REO Tapes buying process. After you print and fill out the LOI Procedures form. Fax or email the complete form to Oliver Kingsbury at Cornerstone Homes, LLC. We will contact you at the phone number you provided to schedule an exclusive meeting at our offices. If you are not the buyer, but you are the buyer's representative then you will fill out your position on this form and have the buyer fill out his/hers. If there are any additional intermediaries between yourself and the buyer then all of their names and contact information must be attached in a separate document. After submission of the LOI, it will take approximately 7 - 10 business days to compile the Tape. VOF are handled by the Selling (bank) Institution directly. Once the tape is sent to us (you), we will have 24 hours to review it. Afterwards, we (you) will have to decide to open escrow and receive the full un-sanitized copy of properties and move to contract OR pass on the Tape altogether. After escrow is opened the typical due diligence period is 5 - 7 business days (depending upon the size of the Tape / Package). Thus, to initiate the process the Buyer must supply some info about their POF on the LOI.

INTERMEDIARIES As with any business transaction, there are people in the middle who initiate putting a deal together. These people are vital in order to connect the Buyer with the Seller. The same is true with our Bulk REO Program. In regards to your own security and Buyer's privacy only the upper level management at Cornerstone homes, LLC. will have access to any of your (Buyer's) private information. Rest assured, we will not be violating Buyer's privacy. We are only here to ensure our Buyer(s) acquire only the Tapes he/she is seeking. OUTLINE OF POSSIBLE INTERMEDIARIES · Seller's Representative or Bank Officer (names change as institutions change or a group of institutions are involved. · Your Buyer Representative or you as the contact person · Oliver Kingsbury as Cornerstone Homes, LLC. (US) · Any additional people between Oliver and actual Buyer. REQUIREMENTS FROM BUYERS You must be able to show verifiable Proof of Funds. This information is part of the LOI and will be verified by the bank institution itself, not Cornerstone Homes, LLC. Your anonymity will be protected. We do not sell names or contact information to other parties. LOI REQUIRMENTS Let us know what you are wanting for an investment. Since our master lists are customizable we can usually have your order filled within days. 1.) Areas of the country you are seeking. This can be a breakdown by city, state, zip code, or general region (i.e., Southwest US or Northwest UTAH) 2.) Amount you are willing to spend on that area. This is where you must show Proof of Funds. 3.) Your contact info or your intermediary contact info. It's pretty simple, but the rewards are tremendous for the right investors.

Download “LOI Procedures” PDF, FREE eBook on Buying Bank Owned REO Tapes or Schedule an exclusive meeting at our Office CALL 801.607.2222 or Fill in the form below

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