- Free Bank Direct Crash Course
- Off-Market Notes and REO
- Which Banks Have Bad Assets
- How Banks Decide to Sell
- Which Assets Will they Sell
- Where the Deep Discounts Are
- 4-Step Plan for Repeat Deals
Unlike private sellers banks are not emotional. All day every day asset managers, workout officers, and bank executives receive files on their desks with troubled loans and bad debts.
Regulatory pressures, internal pressures, local ordinances, expensive maintenance and rehab are just a few of the reasons that lenders sell.
A lot of people are intimidated by bankers but that’s silly. These are people who have jobs at, mostly, small and mid-sized businesses. They put their pants on one at a time. They have a job to do, which is to dispose of bad assets. If you can help them do that then there’s no reason you can’t get the deals.