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Distressed Bank Notes and REO’s in Florida

February 10th, 2010 Leave a comment Go to comments

Over the last several months, we have engaged some banks in assisting in selling some of their distressed assets.  Sometimes the property is owned by banks from foreclosure.  Other times, the bank is asking to sell the note, prior to foreclosure.

We have seen a very wide array of asset types, everything from unfinished residential development and raw land to retail centers that are marginally to nearly cash flow positive.

Last month we closed a deal that was almost 25% below the County Assessed Value.  This is to provide you a sample of the value of the some of the deals we have seen.

Please let us know if we should contact you with deals when we receive them.  It would be helpful to let us know as much detail as possible about the types of deals that you would consider.

If you are interested in receiving updates on deals that come available, please register for our site by clicking here.

Eric W Odum
Lic. RE Broker
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  1. Simi Lazarus
    April 7th, 2010 at 21:23 | #1

    Hello Eric,
    I’m sorry but I can’t make this Friday 10am appointment with you, I’m realy Seeking Commercial REO’s Marketing Rep. Salaried Position Work in Tampa, FL and you didn’t say that you’re looking to hire one, and I don’t wont to take your time.

    Please let me know when you have such a position open!

    Thank you,
    Simi Lazarus
    813-964-6038

  2. Eric Odum
    April 9th, 2010 at 18:56 | #2

    No problem, Simi. Good luck in your search.

  3. LP
    May 20th, 2010 at 00:07 | #3

    Hi,

    We are a Group of private real estate investors.
    We are cash buyers.
    We are looking to buy good investment opportunities in South Florida ( Notes, REOs, Bulk, Distressed properties, Condo conversion, etc)

    Best Regards,

    LP
    floridainvesting@ymail.com

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