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Re: penniestomillions post# 2645

Wednesday, 07/18/2012 12:48:02 PM

Wednesday, July 18, 2012 12:48:02 PM

Post# of 22598
okay... maybe premature... but here's my story about this issue.

Cannot name names, but this little op just got on my radar a week ago when the owner of a company that manages reo/distressed properties mentioned THIS company as a new participant in the reo market (trust, management, resell). That's where he gets his business from... so you see the connection.

As you probably are aware - right now, it takes a long time to move reo properties. But I believe (as do others) that things are about to swing the other way - and little ops like this may see their pps pop a little as they start doing some legitimate business. I'm always willing to drop a few bills on a sub and see where it goes - especially when I have real-world intel like this.

Now... full disclosure... I have not bought yet. I'll complete my dd on the company - they don't even have a website yet (LOL). Don't have much else other than a gut feeling... something tells me something is going on.