Tridentinv's Blog

We have just come across three more bulk bank REO packages. Below are the basic details.

To gather more information I will need an NCND signed between you and myself and the buyer. An LOI will be required to move forward with the purchase. Cash Buyers only and NO TRANSACTIONAL Funding is allowed. The buyer has to be the real buyer.

To see my complete list of REOs go to our REO section of our main page which can be found at: http://www.tridentinvestmentsllc.com/reos/inventory.html

Or give me a call at 702-591-1784.

CA Commercial & Residential
Package – Mar 2010 – Package 43

• A multitude of different commercial deals. 109 in total.
• Cherry Picking is allowed.
• Tape includes land, homes, apartments, restaurants, etc.
• Most properties are in CA. A few in the other western
  states (including Hawaii).
• NPN and REO on same tape.
• Total UPB of $380M.
• Add 3 points for brokerage fees
• I can provide address with NCND from intermediary or LOI from
  buyer.
• My contact is direct to source.

CA Commercial & Residential
Package – Mar 2010 – Package 44

• Single Family Residences in CA, AZ, and NV.
• Valued at $600M.
• Take down price at 55 Cents + 3.
• All yours for the price of
  $330M.
• Add 3 points for brokerage fees
• I have limited information on this one. Seller Rep is
  requiring NCND and MFA to move forward.
• To my knowledge there is no cherry picking.

Nationwide Package (5 Tapes) -
Mar 2010 – Package 45

• This package is actually 5 packages of different properties.
  I have separated them from the master list so you can see them
  individually.
• I have addresses of all properties.
• Package #45.1
• — 14 homes in the mid-west.
• — A & B paper notes.
• — Single Family Homes
• — Title Ready for immediate close.
• — Value at $730,900.
• — Purchase Price of
  $182,725.
• — Price is at 25% of Value.
• Package #45.2
• — 17 homes in the mid-west and
  southern states.
• — C class notes.
• — Single family homes.
• — Title Ready for immediate close.
• — Valued at $1,113,300.
• — Purchase Price of
  $113,300
• — Price is at 10% of Value.
• Package #45.3
• — 57 Las Vegas, NV homes
• — REO Pool.
• — 2 week close.
• — Value at $6,790,050
• — Purchase Price of
  $3,900,000
• — Price is at 57.4% of value
• Package #45.4
• — CA Non-Performing Notes
• —
  Make your Best and Final Bid Offer
• — Outstanding Balance as of Feb.
  2009: $6.6M
• — Original Appraisal Value:
  $10.9M
• — First come first served.
• — Two week close.
• — Can cherry pick the notes.
• Package #45.5
• — Non-Performing Notes all over the
  US
• — 315 notes for sale.
• — BPO Value at $17.5M.
• — Outstanding Balance at $22M.
• —
  Selling at 23 Cents on the Dollar
• — Title ready to close quick.
• — Seller wanting a quick close in
  less than one week.
• I can put you into contact with the direct source.
• This source can readily put together $1B plus deals for
  the right buyers.
• Add 3 points for brokerage fees

You can see more info on our business at: http://www.tridentinvestmentsllc.com
702-591-1784

With so many people losing their homes to foreclosure what are the chances these people or families want to become homeowners again and quickly? What I have discovered over the past several months is that many people want to remain the status of homeowner even though they may have lost their most prized tangible possession. They may be too proud to become renters or they just have that ownership feeling and want to get back into asap.

What can they afford? Affordability, is the same as if they were going to buy. What is the family’s income and how much will the local market support should be spent on housing. On average housing should be no more than 35 to 40% of a family’s net income.

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What about credit? Obviously, the person(s) who had the loan in their name will have poor credit. This may be the time to use the credit of the other spouse assuming the loan was only in one person’s name. If not, then credit repair will be required. I am affiliated with a national credit repair company and you can find more info on our website at: http://www.tridentinvestmentsllc.com/credit/index.html.

For more information on lease options feel free to contact me.

Kevin Dunlap

Trident Investments Group

702-591-1784

kevin@tridentinvestmentsllc.com