We are exclusively representing the below described portfolio of 1st line mortgage notes – currently owned by a small group of private investors. We have been engaged to assess the portfolio’s value and evaluate the potential it has to be worked out and/or simply traded . Due to the lack of information provided to the buyer at the time of acquisition, we are in the process of engaging a third party DD firm to dig into each loan (Title, taxes, lien statuses etc...). Before we commit to this, we would like to see if we can accomplish an as-is trade with a suitable and qualified investor. All loans are first liens and have been charged off. Interim, these loans were not on a servicing platform and therefore no communication records were made available… the portfolio is basically a spreadsheet! The owners have not recorded their assignments on title yet –they are waiting to see which direction this will take. Please don’t quote me, although I believe this will trade somewhere in the 14-20% of UPB range. · 489 NPL · 1st Liens · All Charge Offs · ~27M UPB · Avg. UPB 67K · 40 States ***Seller will provide reps & warrants for valid 1st lien status and replacement or refund of loans no longer secured or homes that have been sold. ALL BUYERS MUST BE VETTED THRU VIKING INTERNATIONAL ONLY TO RECEIVE THE FULL LIST AND INFO AND ALL LOANS MUST BE TAKEN! I AM DEALING WITH A CONSULTING FIRM REPRESENTING THE POOL WHO CAN SET UP SERVICING OF THE NOTES /UNLESS BUYER HAS OWN TEAM TO DO WORKOUTS & SERVICING . IF THERE IS A BROKER INVOLVED THEY MUST BE APPROVED THRU THE CONSULTING FIRM. Should you be interested in this opportunity, please let me know. VIKING INTERNATIONAL JOHN A. ZARVOS Broker / Principal # 00558652 4570 Campus Dr. Newport Beach , Ca. 92660 Direct: (949- 252-2120) / Fax: ( 949- 252-2115 ) Email: john@vikingintlre Website: vikingintlre
Posted on: Mon, 17 Jun 2013 22:13:46 +0000