What is a preREO?

A preREO is a delinquent first mortgage secured by either a vacant or tenant-occupied property. With “zombie” properties scattered throughout the United States, lenders often struggle to properly maintain these preREOs.

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Why Choose preREO?

Vacant or tenant-occupied properties become a burden on lenders, incurring significant property preservation costs and often leave local communities suffering with the blight of abandoned and deteriorating homes.

preREO brings noteholders and community investors together, allowing for more efficient maintenance and improvement of these challenged properties.

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We Have the Experience

Solution to the Problem

The preREO Solution

Find Assets Easily

Search and bid on profitable preREOs on one platform, which makes finding your next opportunity easy.

Partner with Knowledgeable Professionals

preREO connects you with experts familiar with this unique process including appointing a receiver, servicing a loan and more.

Positive Return on Your Investment

Start earning immediately by leasing or renting during the foreclosure process and see your community flourish.

Bid, negotiate and partner with preREO on the mortgage holder's interest in a property

Take control with the help of Activist Legal to repair and rent during the foreclosure process

Maximize returns during foreclosure, then build a rental portfolio or sell your REO

Easily browse on one platform for discounted and distressed mortgages secured by a vacant property

Bid, negotiate and partner with preREO on the mortgage holder's interest in a property

Take control with the help of Activist Legal to repair and rent during the foreclosure process

Maximize returns during foreclosure, then build a rental portfolio or sell your REO

Find Your preREO

Win Your preREO

Appoint a Receiver

Earn a Profit

How preREO Works

Easily browse on one platform for discounted and distressed mortgages secured by a vacant property

Help local partners make a difference in their communities and earn a return. Finally, an investment with a cause anyone can fund.

preREO uses crowdsourced capital to help local partners purchase distressed mortgages from institutional sellers at discounts. Local partners invest 25% of the acquisition price and preREO contributes 75%.

Local partners pay preREO monthly and work towards resolution of the assets, such as loan modifications to keep families in their homes, or repair and resale of vacant homes that become REO. Crowdfund investors earn up to 7% per year and help rebuild communities across America.

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preREO Events

Upcoming Events

Meetups

preREO Meetup

Tue, Nov 2, 2021 2.30 PM CDT

Our weekly Meetups are for new and experienced investors who are curious about investing in distressed mortgages. You’ll learn how you can partner with preREO, get personalized advice from seasoned professionals, and be supported by your fellow investors.

Webinar

How to Partner on preREOs Directly from Lenders

Thu, Oct 28, 2021 – 1:00 PM – 2:00 PM CDT

Discover a new way to invest in real estate. The preREO marketplace has hundreds of available non-performing mortgage notes and through our partnership with Lenders, we are able to offer these notes at a sizable discount to market values, increasing the potential returns for investors.

preREO Boot Camp

LEARN TO PROFIT WITH THE 4-STEP PREREO STRATEGY

COURSE AVAILABLE ON-DEMAND

Learn step-by-step how to find first mortgages, bid, negotiate and partner on mortgage notes direct from lenders, take control of the property legally during the foreclosure process and make a profit from rental income and selling after foreclosure.

Learn About preREO

Learn More About preREO

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