dvought 0 Report post Posted February 14, 2008 I have direct contact with a seller's mandate who primarily deals in REOs and notes. One of his sellers currently has available the following deal that is a little out of the box: -portfolio consists of 98% performing notes with 2% non-performing notes-tape request must be between $140M - $500M-selling at 60% LTV-the seller is giving an option (not a requirement) that the buyer can sell the note package back to the seller after 60 days at a 75% LTV. Basically the seller is looking for temporary capital to work with. If you have any buyers for this, the only paperwork I need to get going is an NCND between Hopeful Home Solutions connecting down to the buyer (or buyer's mandate, if there is one). All of the NCND(s) would go to the mandate, as he won't allow anyone else into the commission pool if they haven't signed off on the NCND. You also need to let me know at least verbally how much product (between $140M and $500M) the buyer wants to purchase, although an email is always better so there's no misunderstanding. Once I get the NCND, the seller's mandate would speak to the buyer/mandate and put the seller on the phone directly with the buyer to move forward. They would be proofed up bank to bank. This mandate keeps the process really simple and not paperwork intensive to get going. Dawn VoughtHopeful Home Solutions, Inc.(P) 631-219-2295(F) 866-219-2645HopefulHomeSolutions@hotmail.com Share this post Link to post Share on other sites
ando638 0 Report post Posted February 8, 2010 Do you have any notes that you want to sell at this time? I have direct contact with a seller's mandate who primarily deals in REOs and notes. One of his sellers currently has available the following deal that is a little out of the box: -portfolio consists of 98% performing notes with 2% non-performing notes-tape request must be between $140M - $500M-selling at 60% LTV-the seller is giving an option (not a requirement) that the buyer can sell the note package back to the seller after 60 days at a 75% LTV. Basically the seller is looking for temporary capital to work with. If you have any buyers for this, the only paperwork I need to get going is an NCND between Hopeful Home Solutions connecting down to the buyer (or buyer's mandate, if there is one). All of the NCND(s) would go to the mandate, as he won't allow anyone else into the commission pool if they haven't signed off on the NCND. You also need to let me know at least verbally how much product (between $140M and $500M) the buyer wants to purchase, although an email is always better so there's no misunderstanding. Once I get the NCND, the seller's mandate would speak to the buyer/mandate and put the seller on the phone directly with the buyer to move forward. They would be proofed up bank to bank. This mandate keeps the process really simple and not paperwork intensive to get going. Dawn VoughtHopeful Home Solutions, Inc.(P) 631-219-2295(F) 866-219-2645HopefulHomeSolutions@hotmail.com Share this post Link to post Share on other sites