Lakefront Property - File #263

Gone

Detroit - File #241 - SOLD

SOLD

SFR Bulk REO Port #174 - SOLD

SOLD

Sun Trust - SOLD 08/14/09

Gone

Residential Portfolio #161 - SOLD

SOLD

File #161 - National port.: Az,Co,NM,Nv,Tx
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Status ADDRESS City _State _UPB Original Appraised Value
REO 2801 N 34th Drive Phoenix AZ $122,632 $197,000
REO 508 E 30th Street Tucson AZ $74,307 $122,500
REO 4431 North 85th Ave Phoenix AZ $75,168 $109,000
REO 1429 South 10th Ave Phoenix AZ $77,171 $120,000
REO 8018 W. Mariposa Dr. Phoenix AZ $79,495 $200,000
REO 818 W Calle Garcia Tucson AZ $79,882 $135,000
REO 9019 W Elm Street, Unit 1 Phoenix AZ $84,247 $130,000
REO 371 W Pima Street Phoenix AZ $85,652 $132,000
REO 8248 South Calle Azteca Guadalupe AZ $87,315 $130,000
REO 1557 Circulo Sombrero Rio Rico AZ $89,055 $135,000
REO 4709 S 36th Drive Phoenix AZ $89,853 $140,000
REO 5706 N 43rd Drive Glendale AZ $94,775 $147,000
REO 1726 E Almeria Road Phoenix AZ $97,017 $195,000
REO 30 E Saint Anne Avenue Phoenix AZ $97,749 $140,000
REO 1970 N Hartford St Unit 34 Chandler AZ $103,829 $163,000
REO 5526 S 13th Avenue Tucson AZ $104,613 $175,000
REO 2701 S Castle Drive Tucson AZ $104,809 $150,000
REO 733 W Calle Lerdo Tucson AZ $105,106 $151,000
REO 4690 West 17th Lane Yuma AZ $109,012 $198,800
REO 5311 W Monte Vista Road Phoenix AZ $109,229 $190,000
REO 4628 N 80th Avenue Phoenix AZ $109,594 $185,000
REO 3108 E Carver Avenue Kingman AZ $109,784 $159,900
REO 1821 W Rue Du Fleuve Tucson AZ $110,295 $171,000
REO 733 W Santa Rosa Street Tucson AZ $112,391 $161,250
REO 16061 N 26th Circle Phoenix AZ $113,122 $166,000
REO 5118 N 42nd Drive Phoenix AZ $113,529 $165,000
REO 2532 W. 21st Pl Yuma AZ $115,507 $166,000
REO 8230 W Monterey Way Phoenix AZ $116,770 $195,000
REO 5741 W Turney Phoenix AZ $119,401 $199,000
REO 3920 S Snapdragon Street Tucson AZ $119,602 $181,000
REO 1637 N 52nd Ave Phoenix AZ $120,164 $172,000
REO 1835 N 38th Avenue Phoenix AZ $120,921 $192,000
REO 3957 E Dover Stravenue Tucson AZ $121,199 $173,500
REO 3144 N 39th Avenue Phoenix AZ $121,769 $207,000
REO 3716 W Fenton Way Tucson AZ $122,132 $178,000
REO 7956 W. Minnezona Ave Phoenix AZ $123,199 $195,000
REO 5608 N 31st Avenue Phoenix AZ $124,504 $200,000
REO 1637 W Cinnabar Avenue Phoenix AZ $125,667 $210,000
REO 1806 E Willetta Street Phoenix AZ $125,878 $215,000
REO 1606 E Sunland Avenue Phoenix AZ $127,050 $181,500
REO 4132 N 74th Avenue Phoenix AZ $128,100 $188,000
REO 7002 E. Mitchell Flyer Rd. Tucson AZ $129,761 $186,000
REO 1142 E Pierce St Phoenix AZ $129,874 $200,000
REO 6925 N Starshine Drive Tucson AZ $130,797 $188,000
REO 6438 W Devonshire Avenue Phoenix AZ $131,562 $220,000
REO 3034 W Lawrence Lane Phoenix AZ $132,013 $203,000
REO 1411 E Chipman Road Phoenix AZ $132,258 $210,000
REO 5233 North 67th Drive Glendale AZ $132,957 $216,000
REO 3732 W. Mulberry Dr. Phoenix AZ $133,682 $202,000
REO 2606 N 50th Lane Phoenix AZ $135,899 $197,000
REO 7830 W Fairmont Ave Phoenix AZ $138,247 $213,000
REO 3916 W Solar Drive Phoenix AZ $138,727 $215,000
REO 24919 W. Vista Norte Ct Buckeye AZ $139,260 $200,000
REO 4782 E Whitehall Drive Queen Creek AZ $139,307 $200,000
REO 2822 West Coolidge Street Phoenix AZ $139,710 $200,000
REO 730 E. Calle Chulo Rd. Goodyear AZ $141,010 $217,000
REO 2680 W Sunset Road Tucson AZ $141,341 $225,000
REO 5830 N. 62nd Dr Glendale AZ $142,045 $204,000
REO 4202 W Lewis Avenue Phoenix AZ $143,438 $206,000
REO 9421 S 8th Avenue Phoenix AZ $144,465 $221,000
REO 10306 E Calypso Avenue Mesa AZ $145,374 $240,000
REO 1744 E Granada St Phoenix AZ $145,708 $225,000
REO 3810 W Red Wing Street Tucson AZ $145,868 $228,000
REO 3565 N Castle Drive Prescott Valley AZ $146,559 $210,000
REO 950 Via Puebla Rio Rico AZ $146,696 $210,000
REO 12132 West Scotts Drive El Mirage AZ $148,206 $230,000
REO 3514 E Yale Street Phoenix AZ $149,370 $230,000
REO 3735 W Firehawk Drive Glendale AZ $151,698 $224,000
REO 302 E Butler Drive Phoenix AZ $154,696 $250,000
REO 10412 N 73rd Avenue Peoria AZ $154,865 $235,000
REO 4723 N 79th Ln Phoenix AZ $157,029 $225,000
REO 7608 W Cheery Lynn Road Phoenix AZ $157,216 $230,000
REO 204 W 6th Ave Buckeye AZ $157,725 $226,000
REO 2724 W Temple Street Chandler AZ $158,347 $245,000
REO 9919 W Meadowbrook Avenue Phoenix AZ $159,739 $237,000
REO 8735 W Earll Drive Phoenix AZ $159,814 $230,000
REO 8845 E Fruit Tree Drive Tucson AZ $160,022 $230,000
REO 957 E Desert Moon Trail Queen Creek AZ $160,406 $230,000
REO 9342 W. Mission Lane Peoria AZ $160,667 $230,000
REO 14117 N 125th Drive El Mirage AZ $160,738 $230,000
REO 723 S Spur Mesa AZ $162,888 $233,000
REO 3430 Mockingbird Drive Lake Havasu City AZ $163,951 $235,000
REO 11538 E Contessa Street Mesa AZ $164,820 $236,000
REO 5937 E Norwood Street Mesa AZ $165,149 $236,800
REO 5222 S 8th Drive Phoenix AZ $166,988 $245,000
REO 10305 E Emelita Ave Mesa AZ $167,549 $245,000
REO 10536 W Via Montoya Drive Peoria AZ $175,749 $252,000
REO 10768 West Elm Lane Avondale AZ $176,447 $253,000
REO 30235 W. Belleview St. Buckeye AZ $176,876 $255,000
REO 8714 N 53rd Avenue Glendale AZ $178,500 $255,000
REO 3316 Baysinger Drive Lake Havasu City AZ $181,454 $260,000
REO 3433 E Rubio Lane Yuma AZ $181,456 $260,000
REO 3823 W Grandview Road Phoenix AZ $182,211 $263,000
REO 6433 W Colla Street Glendale AZ $182,500 $265,000
REO 561 N Piedra Mesa AZ $189,164 $265,000
REO 1331 E. 12th Street Casa Grande AZ $189,562 $272,000
REO 3804 W Dailey Street Phoenix AZ $191,800 $275,000
REO 5294 N. Paseo Del Arenal Tucson AZ $193,898 $300,000
REO 10124 E Capri Ave Mesa AZ $201,083 $290,000
REO 3344 E Oriole Drive Gilbert AZ $202,463 $304,000
REO 1975 S. 159th Avenue Goodyear AZ $203,500 $292,000
REO 10308 East Meandering Tr Lane Golden Canyon AZ $205,665 $295,000
REO 4828 W Sunnyside Avenue Glendale AZ $209,829 $310,000
REO 2543 W Bloch Road Phoenix AZ $212,863 $299,000
REO 1560 W Park Court Chandler AZ $214,056 $330,000
REO 2631 South 84th Glen Tolleson AZ $215,154 $308,000
REO 15204 W Riviera Drive Surprise AZ $216,647 $310,000
REO 12511 W Solano Drive Litchfield Park AZ $245,040 $351,000
REO 12929 E Wild Horse Corral Drive Vail AZ $261,844 $400,000
REO 3983 E Simpson Road Gilbert AZ $263,435 $378,000
REO 6627 N 183rd Ave Waddell AZ $308,374 $442,000
REO 7338 E Keim Drive Scottsdale AZ $379,254 $575,000
REO 3201 W Willow Avenue Phoenix AZ $133,822 $233,000
REO 14133 N 149th Drive Surprise AZ $163,014 $235,000
REO 4133 W Meadow Drive Glendale AZ $180,013 $271,000
REO 2836 S El Dorado Mesa AZ $188,443 $271,000
REO 1828 E Denim Trail Queen Creek AZ $188,565 $270,000
REO 6431 W Crown King Road Phoenix AZ $209,693 $300,000
REO 2426 W Weldon Avenue Phoenix AZ $170,723 $252,000
REO 45 Grays Peak Ct Walsenburg CO $74,629 $215,000
REO 16438 W 13th Lane Golden CO $287,000 $410,000
REO 16478 W 13th Lane Golden CO $287,000 $410,000
REO 9901 E. Evans Ave. #27B Denver CO $77,744 $116,000
REO 1639 Jay Street Lakewood CO $85,203 $122,000
REO 1633 Jay Street Lakewood CO $85,203 $122,000
REO 1632 Ironton Street Aurora CO $85,232 $135,000
REO 3011 Race Street Denver CO $118,740 $175,000
REO 9927 Milwaukee Street Thornton CO $124,000 $172,000
REO 3674 Lafayette St Denver CO $128,210 $190,000
REO 6280 W 45th Avenue Wheat Ridge CO $132,363 $190,000
REO 306-308 Broadway Pueblo CO $145,397 $245,000
REO 919 South Salida Street Aurora CO $149,282 $218,000
REO 1659 Quebec Street Denver CO $225,000 $305,000
REO 4211 Alcott Street Denver CO $231,866 $334,000
REO 7088 WCR 102 Wellington CO $385,000 $550,000
REO 5354 Big Bear Road Loveland CO $402,963 $630,000
REO 5775 W 56th Avenue Arvada CO $408,514 $630,000
REO 7084 WCR 102 Wellington CO $420,000 $600,000
REO 1365-1381 Kalamath Street Denver CO $523,467 $840,000
REO 1503 West 20th Street Pueblo CO $850,000 $2,000,000
REO 1335 Dallas Street Aurora CO $69,509 $135,000
REO 9700 E Iliff #27 & 9725 E Harvard #428 Denver CO $74,671 $240,000
REO 1563 Clinton Street Aurora CO $67,000 $90,000
REO 10101 N Washington #113B Thornton CO $76,735 $110,000
REO 204 La Vida Nueva Del Oeste SW Albuquerque NM $34,101 $60,000
REO 2901 VISTA GRANDE Northwest Albuquerque NM $94,756 $140,000
REO 1820 Cedar Avenue Las Vegas NV $97,857 $140,000
REO 1804 David Avenue Las Vegas NV $104,601 $195,000
REO 5221 Del Rey Avenue Las Vegas NV $151,254 $233,000
REO 5424 Alpaca Circle Las Vegas NV $153,038 $225,000
REO 4203 Paramount Street Las Vegas NV $155,280 $230,000
REO 2021 Valley Drive Las Vegas NV $157,296 $225,000
REO 3600 Brant Street Reno NV $157,296 $225,000
REO 2024 Houston Drive Las Vegas NV $158,473 $227,000
REO 216 Hillcrest Drive Henderson NV $166,370 $240,000
REO 4893 Monterrey Avenue Las Vegas NV $171,911 $270,000
REO 765 Lassen Way Gardnerville NV $200,000 $330,000
REO 216 Toasted Almond Avenue North Las Vegas NV $252,000 $360,000
REO 10340 Mountain Lodge Place Las Vegas NV $260,000 $405,000
REO 3635 Storrie Court Las Vegas NV $262,194 $375,000
REO 6025 N Grand Canyon Drive Las Vegas NV $349,060 $530,000
REO 3908 Hampton Grove Court Las Vegas NV $192,159 $277,000
REO 3523 Morning Mist Avenue Las Vegas NV $205,845 $295,000
REO 3752 Avila Circle Las Vegas NV $251,159 $360,000
REO 5529 Banting Way Dallas TX $82,204 $125,500
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Purchase Price $14,500,000 value $41,412,750
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Contact Thomas tstalker@tx.rr.com
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Problems of a Home Based Business

The biggest problems with a home based business is getting people to take your work serious. My thinks that all I do all day is play on the computer. I can't get her to understand that I'm working.

Really. I am.

Honest.

Ignore the Peggle game currently on the screen.

The other day, I spend the afternoon on Yellow Pages making up a list of Realtors that I wanted to contact. I had the office address, the Realtor's name, and when I could find it, the Realtor's phone and email address. I had to call the office, in most cases, to get the fax number. Spent most of the day doing this, so it was after 7 PM when I decided that my list was large enough.

Okay, so maybe I should have been contacting people as I found the numbers. But I went with the massive response approach. I emailed about 30 Realtors on my list with the type of properties that my partner and I are looking to purchase. I then faxed the same information to the office in hopes that other Realtors that I missed with the email would see my information and contact me.

I said, essentially, "I have a joint venture with nationally known real estate investor Pat Martin. We have a $55 million line of credit and we are looking for distressed properties that have little or no equity that are in need of a short sale with a minimum value of $420,000.

"We are cash buyers. We can provide a proof of funds letter from an attorney and title company with our offer. We guarantee your 6% commission if we purchase the property. Our team of former loss mitigation specialists will do all the negotiating on the property.

"Since we are buying the property in cash, we would then ask you, the Realtor, to find a buyer for the property at the price we decide, which will be well below market value so that the property will sell quickly."

Great, huh? Who wouldn't want to close more deals and make more money? Especially in this current market?

Apparently no one.

Not one call. Not one email. Not even from the Realtors that personally know.

So now I have to spend another following up with phone calls to find out if anyone received my messages. If so, why didn't I receive any responses? Was it just another piece of junk mail to them? Did they like the offer, but didn't have a line on any short sales? Or have they just heard it all before?

Back to my story. When I finished with the emails and faxes, I went over to Realty Trac and looked at some bank owned REO properties. For those that don't know, REO means Real Estate Owned. These are properties that the bank has foreclosed on, they went to auction, and since no one made a minimum bid, the bank was forced to buy the property back. They now own the property. The bank is in the business of lending money, not owning property, so they now need to sell these properties. Local Realtor's then get the listing to sell these properties.

Sometimes, an investor can get the REO properties below market, depending on how long the bank has owned the property and how willing the bank loss mitigator is to get the property off the bank's books. With the flood of foreclosures and about a ten month supply of homes, many banks are willing to negotiate.

But my wife thinks that I'm just playing on the computer. If I'm not out of the house and at the Post Office, then I'm not really working. It's all just play.

Let's see how that tune changes when I get paid!