I have buyers with Capital, but I am having difficulty finding the originating representative for the actual seller. Lots of daisy chains out there. I need some help finding the source.
James Irvine
Hi,
You may have 50 or 100 or more loss mitigation managers in one lenders company handling the disposal and disposition of various properties across the country. Properties may be combined into tapes to be sold in bulk from time to time, but you are more likely to see these tapes offered to established companies who market and sell these on behalf of the lender.
Unless you know someone it may be next to impossible to find the exact loss mitigation manager making a tape available in an area you may be interested in.
Most of the tapes I see now are good properties combined with crappy properties and when factoring time and financial costs don’t seem to be a good buy at this time.
Think about how many different lenders are out there and how many properties are involved and you can understand the challenge.
GR