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I can’t vouch for the seller, condition of the homes, if this is a good deal or if its a scam. But it certainly is a sign of the times.
35 Single Family Homes in Midwest / South East for $280K
35 homes, mostly SFHs
All Quitclaim deeds / AS-IS
No tax prorations
States: AL, AR, GA, IL, IN, KY, MI, MN, MO, OH, SC, TN, TX, WI, WV
Bank provided BPO is $684,500.00
Purchase price is $280,645.00 (41% of BPO) NET
Please note the following below:
We work only with qualified buyers that are ready, willing, and able to complete purchases in a timely manner.
For principle buyers or direct to principle buyer only.
Supporting documentation, such as a letter of representation, fee agreement, or other, must be included for direct to principle buyer representatives.
Proof of funds (POFs) MUST be included with application. Please black out bank account numbers. We are looking only to see funds in a liquid account and the account holders contact information, so we may verify.
POFs may be either submitted by replying to this email with an attachment or by faxing to (586) 795-9037.
Once POFs are sent, we will email you the full tape with addresses.
Incomplete submissions will be discarded.
Good luck with your bid!
(248) 506-4433 Direct Line
(586) 795-9037 Direct Fax
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.