reoambassador's posterous

reoambassador's posterous

Tom Nguyen  //  “Tom Nguyen has had a diversified career beginning as an Atm Machine repairman, to become an Mechanical Engineer, 15 years as a successful business owner and investor, then went on to real estate from selling raw land to multi-residential apartment complexes. Tom has been a firm believer in Real Estate as a service rather than a sale, his mission is to bring you a value of serving at every transaction not a sale. Tom is also a firm believer of the old fashioned ethic of “Good Hard Work” and fully understands that his job is to make his Seller “happy” by providing superior service and results( meaning getting the most money). He is a “hands-on” broker that has learned to never “over-delegate”… he knows the importance of being involved in every step of the selling process."

 
Jan 3 / 6:18am

Don't get mix up with Reo asset and Reo Note ( None-performing Note)

In response to the depressed state of the real estate and capital markets, large amounts of capital are now chasing opportunities to purchase defaulted commercial real estate loans at a discount. Not since the savings and loan crisis in the late 1980s has the market expected a comparable volume of loans to be sold.

For savvy buyers, this is a chance to earn enviable returns. However, it also is an opportunity for those who do not fully understand the nature of what they are buying to lose money — lots of money.

Depending on the quality of the loan documents and the history of the loan, the borrower may have defenses and claims that can seriously delay a foreclosure on the collateral and reduce the ultimate return to the loan buyer.

Discussions at industry trade shows and seminars that focus on buying distressed mortgage debt often only address the need to price and evaluate the underlying real estate. While the real estate asset securing the loan ultimately is the source of repayment, a buyer of these loans must realize that he is not buying the real estate collateral.

Instead, the buyer is literally acquiring a stack of paper comprising the loan documents that embody certain legal obligations and rights of the lender and borrower. That is a fundamentally different asset from the real estate.

Assuming there is no fatal flaw in the loan documents, the rights of the lender will include the right to foreclose on the mortgage and become the owner of the real estate. But depending on the facts and circumstances, that may be an easy path or a long hard road.

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Reo and Investment Group

WWW.RealEstateTomTom.com

TommydNguyen@sbcglobal.net

2415 E Imperial highway

Brea, Ca 92821

714-487-8876 ( Cell )

714-316-1405 ( Fax )