Nationwide Mortgage & Financial Services
"Invest Your Trust With Us"
We Buy .. Mortgage Notes, Trust Deeds, Land Contracts, and other Cash Flows
| Nationwide Mortgage & Financial Services is the premier Internet marketplace for the sale and purchase of foreclosed and pre-foreclosed properties generally known as REO's, or Real Estate Owned (taken back by a lender). Nationwide MFS provides comprehensive property listing information for REO's and a web based bid management system creating a unique 'BUY-SELL' marketplace. The site and its distribution partners bring together all the interested parties: owners, lenders, investors, homebuyers and service providers. Nationwide MFS creates a true marketplace with multiple bidders. | ||||||
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For forms and procedures and info on inventory.
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REO PORTFOLIOS - FOR SERIOUS INVESTORS DIRECT ACCESS Nationwide Mortgage & Financial Services, provides serious investors who have sound financial capabilities the direct access to REO & Note Portfolios, and Builder Buyouts. We deliver our clients' LOI's directly to the private seller's, seller mandates, and clearing houses. The integrity of the transaction and the client's confidential information is never compromised. We have many avenues to securing REO's for our buyers: 1) We are direct to a sellers that pulls down from Wall Street Banks IMPORTANT: THE PATRIOT ACT. Sellers have implemented the Patiot Act which has substantially changed the REO process. Here are some highlights. All LOI's need to be notarized. Sellers require a state or government issued ID from all buyers at some time during the transaction. Proofing of funds has substantially changed as well. Buyers need to have liquid funds in a bank account at the time the tape is ordered and provide the banking coordinates to the seller, i.e. routing and account number. Buyer's can no longer hard proof through escrow or their attorney. The banks are electronically proofing buyers' bank accounts (a bank cannot ping an escrow account). Buyers may soft proof (provide the name of banking officer, attorney or escrow officer) in their LOI, but they must have the liquid funds available in their bank account, and the escrow officer or attorney must be instructed to release the banking coordinates to the seller during hard proofing. We will provided all procedures and forms . Please feel free to call us directly so that we may begin to work directly with the buyer or mandate. We will work with a limited daisy chain; however, we must speak with the mandate or buyer directly. This procedure ensures the confidentiality of the buyer's documents, facilitates communication, and ensures the fast and timely delivery portolios.
2) We are direct to a Wall Street Platform that can compile tapes of any size or match up buyer LOI's with Wall Street fall-outs.