SellMyHouse.com Now Offering Bulk REO Government Property and Go Zone Investment Properties to Their Investor Network
PRLog (Press Release) – Jul 14, 2009 – Springfield, IL: www.SellMyHouse.com, a national real estate company operating in 300 cities around the country, has announced 2 new platforms to help its investor network purchase investment grade properties around the country.
Through a non-profit partner which has been certified by the U.S. Department of Treasury, SellMyHouse.com is now authorized to liquidate direct HUD REO properties to the private real estate investors. These distressed Properties come from HUD, Fannie Mae, Freddie Mac, the FDIC, and several national banks. This program requires that almost 1% of the bulk REO purchase price be re-invested back toward the Katrina Project designed to help with housing and disaster relief.
The opportunity for investors to acquire these REO portfolios at unprecedented prices in U.S. history makes these distressed purchases especially attractive to the SellMyHouse.com’s bulk investor network which includes some of the nation’s top real estate individuals, hedge funds, and companies. These discounted properties are being liquated at 25-60 cents on the dollar based on current market value and are comprised of residential, multi-family, and commercial spaces.
Jason K Roberts, CEO of www.SellMyHouse.com says, “This is a very exciting time for some of our bulk investors who have been waiting patiently on the sidelines over the last few years. We are extremely excited to be able to offer our real estate investors the best wholesale deals on the market today. Everybody is frustrated with the red tape associated with the process of buying bulk REO wholesale packages. Solving that problem for them was very important to our company.”
www.SellMyHouse.com has also recently signed an agreement with the nation’s premiere Go Zone investment company. In 2005, U.S. lawmakers passed the Gulf Opportunity Zone Act with the intention of revitalizing areas affected by Hurricanes Katrina, Wilma, and Rita. This new government stimulus offers ‘buy and hold’ real estate investors huge tax incentives in prime resort locations.
Mr Roberts explains, “The GO Zone has become one of the hottest real estate opportunities in the country primarily due to the depreciation bonus of up to 50% on certain properties. We pride ourselves on staying ahead of the curve and wanted to ensure that our high income investors like our doctor and accountant groups have the best possible investment choices at all times. This group is always looking to maximize profit and minimize tax liability so we are excited to be involved in the Go Zone.”
Details of either program can be attained by calling Jason Roberts at 888-557-2772 x 104 or emailing BusinessDevelopment@SellMyHouse.com.
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SellMyHouse is Americas’s leading portal for real estate information and service which include: House searching, FSBO and flat fee services, online auctions, full and discount MLS listings, short sale, and pre-foreclosure platforms.
Issued By : Jason K Roberts
Phone : (888) 557-2772
Fax : (309) 279-0982