Washington Mutual (WaMu) REO Department

August 18, 2008 by · 5 Comments
Filed under: Regional REO Banks 

No review for WaMU REO properties as this time.  I could not find any information on their website or a link to a national broker that was handling their REO listings.  Through searching the web I did happen to pull up a phone number you can call that has a automated voice menu.  Enjoy

REO Phone Number:

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Private Financial Services REO Properties

August 6, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

This will be a short review being that Private Financial Services only had a single REO property listing at the time of this writing.  PFS is a property management company that specializes in Oil & Gas properties with mineral rights.  They have provided services for Bank of Oklahoma, Bank of Texas, Bank of Albuquerque, Bank of Arizona, Colorado State Bank and Trust, Bank of Arkansas, Bank of Kansas City, and Southwest Trust Company.

For the single listing they had it did not have a picture.  It does have some basic real listings information and contact information for the broker representing the property.   Maybe in the future we will see more listings.

Link:

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Zions Bank REO Department

July 26, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

Zions Bank boutique commercial and mortgage lending bank headquartered in Salt Lake City, Utah. This is a medium age U.S. bank that was founded in 1873. They operational range covers Utah and Idaho with 138 banking branches.

At the time of this writing, they had REO listings in 16 states with Residential and Commercial REO property listings. The listings have a basic set of data with most listings having pictures. Some of the listings are direct and some are “under contract”.

Link:

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Unity Bank REOs & Non-performing loans/notes

July 25, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

Unity Bank is a New Jersey based retail deposit bank. We could not find much information about the background of the bank. One difference we found was listings of residential and commercial REO lisitngs. Along with this offering, we also saw non-performing loans or NPN. All the notes are for commercial business and it states the term of the loans.

They have information to contact the VP of Asset Recovery department or a person in the Collection Portfolio Specialist. Not too many listings but there could be something worth calling about. They have listings in NJ, DE, NY and SC.

Link:

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New South Federal Savings Bank (FSB) REOs

July 24, 2008 by · Leave a Comment
Filed under: Regional REO Banks 

head r1 c1 New South Federal Savings Bank (FSB) REOs

New South FSB is headquartered out of Birmingham, Alabama. They are primarily a deposit bank which does most of its lending operation through customer deposits. They also have many satellite branch offices throughout the South that handling their lending operations. They also have a web-based deposit program to get deposits from customers across the United States.

At the time of this writing, New South has 67 REO property listings. After reviewing all the real estate listings it looks like the only have single family residential listings available. The REO listings are located throughout the South.

This listings have basic information including a picture and the year it was built. A nice feature they have is showing the annual property tax so you can fit that into your calculations. They include email, phone number and fax for contacting the broker about more information.

Link:

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