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Author Topic: Real Net R they going under?Anybody knows?  (Read 1121 times)

Offline enzoavi

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Real Net R they going under?Anybody knows?
« on: June 08, 2008, 01:40:44 pm »
Anybody knows? Their website is not active and I heard some rumors.

Offline osuidoc

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Re: Real Net R they going under?Anybody knows?
« Reply #1 on: June 08, 2008, 10:21:11 pm »
I "heard"...

They are restructuring and will re-emerge with the same people, same company, but different name. This is because they need to get out from under a lot of properties they acquired in Texas or Florida, I forget which state, which are in foreclosure because their HML buyers haven't been able to refinance out.

I think their business model will have to change though to meet todays new tough lending market.

I did several deals through them in the past year but don't know if I will do business with them again.

 




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