Dear Investors,

We are a company directly in touch with a major Bulk REO seller. The company is holding a bid auction for bulk REOs in April and if you are interested in participating, guidelines are listed below.

We are notifying you of an upcoming REO Property Pool Sale. 

This announcement is to give bulk reo buyers notice for this sale and provide an opportunity for qualified buyers to acquire a substantial portfolio of discounted REO properties at one time.

REO Pool Sale details

The Pool Sale is completed prior to the 30th of each month.

The following timelines are subject to change, but are provided in advance for informational purposes.

1)       Bid packages (instructions, contract, final property list, and other documents) will be provided by 20th .

2)       Bidder registration materials (LOI, POF, and deposit) and preliminary bids are due within 10 calendar days of the issuance of the bid package.

3)       Final bids are due within 14 days of the preliminary bid.

4)       A wire with the balance of the purchase price is due within 3 business days of bid acceptance.
 
(Specific dates will be supplied with the bid package.)

Registration

In order to streamline the registration process and to establish the appropriate business relationships for this opportunity, the following minimum requirements must be met to be considered a potential buyer:

1)       Buyer Letter of Intent (LOI) with final name in which title will be held and the amount of your preliminary bid. If the purchaser is a corporation, you must include sufficient evidence that the corporation is in good standing with the Secretary of State in the state in which the corporation was formed.

2)       Buyer Proof of Funds (POF) currently on deposit with wire capability in the amount of the bid.

3)       Deposit of $100,000 held by the bank .

4)       Buyer must pass Department of Treasury OFAC check and additional checks.

5)       The name on the Letter of Intent, Proof of Funds, and contract must all match. No replacements or substitutions will be allowed once the buyer is registered and the purchase contract may not be assigned.

(Detailed information and instructions on registering, submitting your bid, and providing your deposit will be provided with the bid package.)

As an added benefit, those who successfully register and submit a bid will be considered for notification of future bulk sale opportunities.

Sign Up Process
Send an email tosales@reinalliance.com with the information listed in items 1, 2, and 3 above and indicate your interest in the April REO Bulk Sale.

NO PHONE CALLS PLEASE

Bulk Sale Additional Survey Information Requested by REO Seller

Contact Information (name, company name, title, address, phone, fax, e-mail, etc)

Background (briefly - you, your company, and the purchaser)

Name in which title will be taken

Intended use or disposition of properties after purchase

Available Funding and Source of Funding (and in what form will proof be provided)

Volume (number of units or dollar volume and frequency)

Property Criteria (condition, value, property type, etc)

Property Locations (states, etc)

Deal Criteria (percent of value desired, etc)

Terms (due diligence time frames, cash/financed, closing time, contingencies, etc.)

Will you bid on a portfolio on a competitive basis?

Type of transaction interested in   _____foreclosed properties    ______foreclosed properties in redemption  _____ delinquent/nonperforming loans

Additional  information (feel free to attach other documentation)

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  Additional REO Seller Relationships
• - We have spent thousands of hours sifting through false representations and will protect you from False Sources
• - We maintain a Black List of over 2000 buyers, sellers and intermediaries
• - We maintain fiduciary responsibility to our clients
• • 
    Source #1: Direct to Bank Source for $2 million to $25 million Portfolios

Major National Bank Source

PrePackages from $10 million to $50 million. Custom Portfolios from $2 million to $50 million

We Are Direct to Seller Source

Fees are split 1/3 to Buyer Mandate, 1/3 to Seller Mandate, 1/3 to Intermediaries

Protocol: Buyer signs Seller package, including NCND and fee agreement. Intermediaries are added on sub fee agreement. Upon acceptance by Seller, Seller Escrow contacts Buyer and Buyer Mandate. Buyer provides Seller's Escrow a bank letter stating buyer has available funds ready to transmit upon satisfactory receipt of tape. Seller Escrow releases tape to Buyer for review.

NO PHONE CALLS PLEASE

• • Source #2: Bank Source - Turnkey REO Investment, REO Disposition & Custom Portfolios
    $20 Million - $250 Million

National Bank - We are direct to Bank Selling Source

Joint Venture Option: Investor purchases REO, Seller provides REO Disposition to auction houses, reo disposition companies, real estate agents, government sources. Profits split between Investor & Seller.

JV Option Proforma Returns Over 100% annualized, 120 day cycle from REO acquisition to disposition.

Custom Package Option: Compiler pulls custom REO Package $20 mil to $250 mil

Fees are 1% on Joint Venture to Referring Party. On Custom Portfolios, 3 points split 1/3 to Buyer Mandate, 1/3 to Seller Mandate, 1/3 to Intermediaries

Protocol: Buyer provides NCND, LOI and soft POF. LOI is addressed to specific company. Upon receipt of package, buyer and seller have a conference call to go over services and package options.

NO PHONE CALLS PLEASE

• • Source #4: Prepackaged Portfolios from $2 Million to $20 Million
    

Major National Bank Source

PrePackages from $2 million to $20 million.

Availability of product - usually once a month

We Are Direct to Bank Source

Fees are split 1/3 to Buyer Mandate, 1/3 to Seller Mandate, 1/3 to Intermediaries

Protocol: Buyer signs NCND and provides soft POF. Intermediaries are added on sub fee agreement. Upon acceptance by Seller, Seller Escrow provides proof of assets and contacts Buyer and Buyer Mandate. Buyer provides Seller's Escrow a bank letter stating buyer has available funds. Seller Escrow releases tape to Buyer for review.

NO PHONE CALLS PLEASE

• • 
    Bulk REO Listing Service
    If you have a list of Bulk REOs that you would like featured on our website, contact us for details on our listing and verification process. Contact Us and mention Listing Service Bulk REO & Notes Investments

We Are Looking For Additional Asset Manager Relationships. Direct Providers Only.
We currently have a few reliable compiler relationships. If you have a niche product or would like to offer your product to our sources, contact us.

Learn More About Bulk REO & Notes Investments