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.

The new opportunity is known as ‘Bulk REO Investing’ or ‘REO Package Investing’ and it’s a huge opportunity.

Let’s take a moment to analyze the basics of this incredibly lucrative 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 lender directs the subsequent timing of the actual foreclosure proceedings. The name for this period is ‘preforeclosure’.

Foreclosure is completed when the property is put up for auction. If the property is not purchased at auction, ownership reverts to the original lender. Such a property is then classified as an ‘REO’ (Real Estate Owned) by the lender.

Lenders usually try to unload their REO properties at close to retail price by listing their REO’s with a real estate broker. Yet with increasing frequency, REO properties are being sold for pennies or dimes on the dollar. But the price of receiving such great pricing is the need to purchase multiple REO properties (a ‘package’) rather than individual properties.

There is huge profit potential in these REO packages for qualified 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 Sal Bushemi of Dandrew Capital Partners, a hedge fund in New York.