Are Bulk REOs Equal to Quicksand and Alligators or Nirvana?
Nearly ever day we have students or other investors tell us about possible deals from bulk REO packages or “tapes” as they are called in the trade. Simply put, lenders take a group of properties that have major problems and can’t readily be sold and offer them as a bulk sale to investors. They are sold for cash to middle men and the buyers are generally savvy investors using other people’s money (OPM) to do the transactions.







