The Future of REO & Foreclosure Investing!
Save Time & Increase Your Profits & Deal Flow through Auction's Remotely?
The Future of REO & Foreclosure Investing!
Save Time & Increase Your Profits & Deal Flow through Auction's Remotely?
PSG Auction Partners
Welcome!
At PSG Auction Partners, we specialize in helping investors find and bid on REO & Foreclosure properties through Auction.com. Our team of experts works closely with you to identify lucrative auction opportunities. With our expertise and support, our clients scale their business faster and maximize their success by investing in profitable REO & Foreclosure auction properties.
REO & Foreclosure Auctions Are Changing the Game!
Acquiring bank-owned and foreclosure properties has never been easier. For REO's, instead of using real estate agents to list properties at market value, banks are turning to auctions to recover their investments faster and more efficiently. Also, foreclosures are shifting from courthouse steps to remote online auctions, creating incredible opportunities for investors to secure discounted deals. Savvy investors can now scale their portfolios by acquiring multiple properties in different states simultaneously.
Our choice ... Auction.com, dominating over 65% of the auction market share, is revolutionizing how REO and foreclosure properties are sold. Their innovative platform simplifies and accelerates the buying process, making it more accessible than ever for savvy investors.
Why REO & Foreclosure Auctions?
Significant Savings:
- Properties often sell at 40-80 cents on the dollar, maximizing investor returns.
Streamlined Process:
- Banks prioritize moving inventory, quick sales, enabling faster, efficient transactions.
Portfolio Growth:
- Investors can quickly add to their portfolio by leveraging the ability to bid on multiple properties efficiently and at scale.
Market Leader:
- Auction.com offers unmatched transparency, convenience, and access to foreclosures.
Operation Reset: Prepare for an REO & Foreclosure Explosion!
The real estate market is undergoing a significant correction, presenting a unique opportunity for investors to acquire distressed properties. This market reset is unfolding in three waves, each offering distinct challenges and advantages.
- Wave 1: "Early Foreclosures" Post-COVID mortgage moratorium Wave 2: The "HELOC Tsunami" Resetting $393 billion in home equity loans.
- Wave 3: The "Perfect Storm" $1.5 trillion in maturing commercial loans and frozen residential lending.
RISKS to Investing in REO & Foreclosure Auctions
Every investment strategy carries risks. Here are the key considerations:
Limited Access:
- Most properties can’t be inspected internally, so repair costs must be estimated.
Occupancy Issues:
- Some properties may require eviction, adding time and expense.
As-Is Sales:
- Properties are sold as-is, with little information about their condition.
Financing:
- Foreclosures require same day (or 24 hour) funding, which can pose a problem for some investors. REO's are more flexible, requiring funding within 30-45 days.
3 Phases to Investing in REO & Foreclosure Auctions
PRE-AUCTION (Tracking & Due Diligence)
- Identify properties by key criteria (location, size, etc.) and use a 70-80% MAX BID to guide decisions.
- Drive by properties to assess outside property, occupancy, and insights from neighbors.
- Review market data, renovation costs, ARV, and title for potential liens.
AUCTION DAY (Be Ready to Bid)
Auction.com offer below-market foreclosure and REO properties and remote bidding across states.
Key Benefits:
- Affordable portfolio growth.
- Geographic diversity.
- Strategic acquisitions below market value.
POST AUCTION (Rehab. & Exit Strategy)
POST AUCTION (Rehab. & Exit Strategy)
- After winning, for REO's, sign agreements, submit a 5% deposit, and open escrow (closing in ~30 days).
For foreclosure's, sign agreement and fund the transaction. Auction.com finalizes the transaction and prepares for the transfer of ownership (takes about 30 days) - Key tasks: secure the property, confirm title, complete renovations, and execute an exit strategy.
OPPORTUNITY ... Join us!
Our Invitation
PSG Auction Partners, an affiliate of Precision Solution Group invites real estate investors to partner in expanding their portfolio by acquiring REO and/or Foreclosure properties through Auction.com. In a market where competition is high and inventory can be limited, these properties offer a compelling alternative.
PSG Auction Partners simplifies the process by taking charge of the first two phases of the auction: building and updating a list of promising properties, identifying sound investments, and bidding on properties on behalf of investors.
After securing a bid, investors can then leverage their expertise in managing and renovating the properties, while PSG ensures a smooth and effective acquisition process.
Ok, Count Me In! How Does It Work & What’s Next?
How It Works
Custom REO and/or Foreclosure Auction List:
PSG Auction Partners builds a list of REO and/or Foreclosure auction properties in your area.
- The list is maintained and updated weekly to ensure accuracy and relevance.
Find Properties to Bid On:
We work together to identify properties that align with your investment strategy and buy box, helping you find great deals.
Property Analysis and Bidding:
- Once a property is identified, we analyze and determine a final MAX BID.
- PSG Auction Partners bids on your behalf during the auction’s bidding window.
Purchase Agreement and Closing:
- Upon winning a bid, Auction.com prepares a purchase agreement for signature by you and the bank.
- Transaction typically closes within 30 days.
What's Next?
Partner with PSG Auction Partners:
- We’ll send you an agreement to review and sign.
Kickoff and List Delivery:
- Once the agreement is signed, we’ll build your REO and/or property list and send it to you within one week.
Winning Strategy:
We set up a day and time to meet each week via teams meeting to:
- Review your list and refine your investment strategy.
- Identify promising properties and create actionable plans.
- Build a scalable business model for long-term success.