OakLeaf Plantation Real Estate Jacksonville Florida Real Estate

If you are looking for a REALTOR ® in the Oakleaf Area Contact Sharon Driscoll with Watson Realty Corp. Sharon has vast knowledge of Oakleaf Plantation and Eagles Landing. You can visit Sharon at her website at Oakleaf Plantation Real Estate or you can reach her using the following information.

Sharon Driscoll West/Chaffee Road Office 1395 Chaffee Rd. S. Jacksonville FL 32221 Email : sdriscoll@watsonrealtycorp.com Website : http://sdriscoll.watsonrealtycorp.com Office Phone : (904) 899-6706 Mobile Phone : (904) 553-3218 Fax : (904) 771-8639 Sharon is a Certified Distressed Property Expert® (CDPE) and is a licensed REALTOR® with Watson Realty Corp. If you're looking for a home or ranch in northeast Florida or even planning to move from out of state, contact Sharon for all your real estate needs. She will search diligently to help you find the perfect property.

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The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. But challenge always gives rise to opportunity, and opportunistic real estate investors are rising to the challenge.

This new opportunity – known as ‘Bulk REO Investing’ – is so huge it’s captured attention from wealthy investors and private investment funds alike.

Consider with me, if you will, the fundamentals of the Bulk REO business.

To understand Bulk REO investing is to understand the foreclosure process.

Mortgage lenders faced with a non-paying home owner send a large volume of threats, warnings and documentation to the borrower who is late. The official foreclosure proceedings begin subsequently, as directed by the lender. ‘Pre foreclosure’ is the name given to the time between implementation of the foreclosure proceedings and the public auction.

The defaulted property is ultimately auctioned, thus completing the foreclosure process. If there are no buyers at the foreclosure auction, the lender regains title to the property. This property is then considered to be ‘Real Estate Owned’ by the lender, also known as an ‘REO’ property.

Lenders usually try to unload their REO properties at close to retail price by listing their REO’s with a real estate broker. But more and more, lenders are selling their REO properties for a greatly reduced price. However, the purchase of a ‘package’ (or group) or REO properties is the trade-off for receiving such great prices.

These REO packages represent the potential to acquire huge amounts of equity for savvy real estate investors. The most successful Bulk REO Investors will have a well-respected source of funding for their transactions. Some sources of funding for these transactions are: personal funds, hard money lenders, commercial lenders and non-conventional sources such as private investors and hedge funds. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Salvatore Buscemi of Dandrew Capital Partners, a hedge fund in New York.