Hi all:
In the last two weeks the 501c3 non-profit sell off og FDIC controlled asset is underway. Here is how you can tell if you are working with the right buyers representative for Multifamily.
1) Any contract that has more than 3 point in commission is not real and will not close.
2) You must sign a MFA and NCND before you get the approved 501c3/FDIC approved LOI template.
3) You will be advised that you may not circulate the name of or any documents samples or related information to anyone.
Here is why these three items are what they are. The FDIC contract with the non-profits does not allow any party to add costs to the sale. The total allowed commissions is 3 points. 2 points
go to the Non-profit and it's attorney and ONE point goes to the Buyer representative. Buyers representatives must be approved by the 501c3 and only these parties which consist of Lawyers, Mortgage and Real Estate Brokers which have been pre-approved are allowed to process your paper work.
All LOI's are made out to the Chairman of the FDIC and all infromation from both sides is not to be disclosed to anyone for any reason!
In the past 2 weeks my firm and the 501c3 we work for has taken more than 1000 orders. We found out today that some people in the program have violated the terms of the non-disclosure and published material and made representatiions that they are direct to the seller. These people have added 5 points for a total of 8 point. This is crazy and it makes my job harder.
The Government will not approve any broker chains period. If you are not talking directly to my firm or one of the other 6 firms that can conference call in the Non-profit asset manager. Drop it like a because you are wasting everybodies time!!
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are you real? How do i get in contact with you?
ReplyDeleteplease do not post me comments just and to get ahold of you to go over the details as a buyers rep thanks so much for not posting or removing my previous post... call me 310 513 1015 gary ueda I know your a gentleman and you will honor my request not to be public... thanks again
ReplyDeletehey when you going to take down my post... its been since sunday morning.. and I still can see it... just call me or email so we can talk in private....I would appreciate a silent communication. Not open to public disclosure.... I have a Serious Time sensitive Buyer can we do a little something. I am direct to Buyer......call me ASAP.... and please remove.... my posts...Are you paying attention to my comments.
ReplyDeleteHello ispeedtoo, I really appreciate reading some of your post keep up the good work. Its makes for interesting reading. Keep up the good work.
ReplyDeletei discovered a website you might find interesting
ReplyDeletehttp://www.fdicbulkreo.com is this your website my Ispeedtoo?
Ispeedtoo do you have a phone number?
ReplyDeleteI speedtoo how come you never call me or take down my posts?
ReplyDeleteDo you even look at this website?
How can I get in touch with you?
Are you for real?