REO FAQ

What Paper Work Is Required?
Getting started is easy; buyers must complete a NCND, LOI (letter of intent) and POF (proof of funds). Upon review and approval by source attorney other forms may need to be filled out.

Is AJM Trading Co. LLL a Direct To Bank or Source?
Yes and No.  We work with 5 sources for REO product. When you give us the REO requirements we review our resources to get best price with a timely fill. We are direct to mandate on one major source and we work with sellers primary broker on the other four. You benefit by working with us because we have several sources available to locate the best LTV value and most reliable source to fill the order. With our sources for REO’s and Notes we work hard to find which source has large enough inventory in your designated buy areas. Rest assured by the time you receive the tape of inventory for your order we have spent hours researching to find the best source for your requirements. Therefore, you can see that by working with AJM Trading Corp’s network versus vs dealing with single source is the best possible outcome.

Do You Have Bulk Properties Available To Purchase Now?
Yes. We have Pre Packaged inventory from our various sources. You may register as guest and will receive new REO Packages as they become available. Only pre-qualified clients will be allowed to make offers.

What Fees Does Buyer Pay?
Since the source is selling these properties at a loss; they are not willing to pay any commissions or closing costs. The Price from source to buyer includes commission cost. Buyer pays escrow and closing costs.

Can I Change Properties Once They Are Compiled?
This is a bulk sale program. The properties that the source have provided were based on LOI you provided.  You are expected to accept that package. However there are sources that do allow some flexibility to the compiled packages. The bank will work hard to meet your requirements, but they can only work with whatever product that is available. The source may blackball you if you decline a package more than once or if you do not act in a timely fashion to conclude transaction.