If you have chased the elusive Bulk REO as I have than you are probably wondering how to get your hands on a real buyer, a real seller and a real tape. You probably also ran across your fair share of , NCNDs, MFAs, intermediaries, mandates, broker chains, "buyers", "sellers" and a fair share of tapes. One thing I have learned is to do a lot of due diligence and not to get too excited like I did at the beginning of my bulk REO journey. I am embarrased to say how much time has been "invested" in this endeavor and not yet have a successful transaction. However, am happy to say I have established new relationships, learned the real meaning of due diligence and have become somewhat of an REO expert. Guess it's a part of earning your stripes. The funny thing about life is that when you chase something too hard you end up driving it away. I no longer chase the elusive bulk REO deal but will wait patiently for it to fall on my lap.Please share any suggestions, comments, experiences or your own goose chases
