How Me As A Buyer Can Be On The Same Legal Position As An REO Property?
How me as a buyer can be on the same legal position as an REO property without having to buy the physical property and basically buy the legal paper from the REO?
Nothing is the same as REO.
The closer might be non-performing notes that you buy at a discount and walk-thru the foreclosure process.
The ultimate leverage would be to by the CMO bonds.
I saw a 168M portfolio go for 8.6M.