REO Programs
Cozza Realty Group, Inc has an entire division 100% focused on Nationwide REO's (Real Estate Owned), which are real estate properties that have gone back to the bank. With these properties, since the bank owns them, there is no mortgage lien. The bank takes care of the eviction, if necessary, and may do some repairs. They will negotiate with the IRS for removal of tax liens and pay off any homeowner’s association dues. As a purchaser of an REO property, the buyer will receive a title insurance policy and the opportunity to investigate the property.
Our experienced REO team has established exclusive relationships with some of the largest nationwide lenders in the country. This allows us to custom create a REO packages based on each investors specific criteria. We can create packages based on:
1. Location - Specific states, nationwide regions, cities, etc.
2. Price - Once we know your target price discounts, we can work to meet if not exceed your expectations.
3. Property Type - Residential single-family, residential multi-family such as condos, residential land, commercial properties, etc.
4. Size - We have REOs from individual units to packages well over $50 million dollars.
5. Scope & Exit Strategies - We will work with you to create a package that is ideal for your exit strategy and we will assist in those strategies every step of the way. Our most recent REO packages have ranged from $.25 cents to $.50 cents on the dollar.
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