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

Take control of preREOs during forclosure to maximize your investment returns.

The Smart Investment

WEBINAR: How To Partner On preREOs Directly From Lenders

Join us at preREO’s upcoming webinar on Thursday October 15th at 11 AM as we reveal how to get the best deals before they’re on anyone else’s radar. We’ll discuss:

What is a preREO
How preREO works
Ways to maximize returns faster

Local Investors are the Solution

preREO investors have the local advantage. With the assistance of Activist Legal, investors have a local court appoint a receiver of their choice and arrange to cost-effectively repair, lease and maintain the property during the foreclosure process.

Lenders are willing to partner on these notes at a sizable discount to market values, mitigating their losses now and increasing the potential returns for investors, a win-win.

Browse preREOs

We Have the Experience

Program Details

Browse preREOs sourced directly from lenders at discounted prices
Contribute 25% of the price, preREO contributes the remaining 75%
Earn everything over a 12% annual return paid to preREO on their 75%
Pay a program fee of $2,000 on the acquisition of the note

Servicing

State laws typically require that a licensed mortgage servicer services note investments and this includes preREOs. Thus, we have arranged with AHP Servicing to service preREOs for $50 monthly.

Solution to the Problem

Legal

We partner with Activist Legal to get a receiver appointed as well as start or continue foreclosure. Depending upon the status of the foreclosure action, your expected future foreclosure costs can be estimated by how far along the action has progressed at the time of your Participation Agreement.

Activist Legal follows the Fannie Mae Foreclosure Allowable Attorney Fees which the investor can use to review the foreclosure fees for each state.