Deutsche Bank’s REO Department
Please Note : You are reading Blog #4 in a series of articles about Deutsche Bank. Please review the other articles, as they may answer any other questions you may have that this particular articles does not cover.
Part #1 The long search for a deal
Part #2 I Did It!
Part #3 How to Contact Deutsche Bank’s REO Department
Part #4 Other Notes About Deutsche Bank
I decided that I would post up another message about contacting Deutsche Bank’s REO Department.
After well over a hundred (Right now easily more than 200) emails about how to contact them. I decided on posting a very simple message about how to contact the bank’s REO Department (Or Lack Thereof)
As SOME of you know, yet the majority do not, The Deutsche Bank REO Department does not accept inbound phone calls. I have had Real Estate Agents, Investors , Banks , Asset management companies and Hedge Funds call me about how to call them ,and there’s just NO WAY TO DO IT without having a very personal contact with someone inside the department.
So , my advice is , if you really, really, really want to contact Deutche Bank’s REO Department, visit one of their office in Santa Anna California, and meet them in person if possible.
As I have stated in my other post at http://realestatecircleville.wordpress.com/2008/01/29/how-to-contact-deutsche-banks-reo-department20696/ the only way to get information on individual properties is to send them a fax of the specific property’s deed of trust, by calling 714-247-6000 and then ask to be connected to their REO hot line.
As always, you CAN email me at brandon.schlichter@realliving.comif you are looking in general to buy a foreclosed property , or are a hedge fund manager looking for bulk REO packages (Yes, they DO exist, but are 50%-60% LTV and have a minimum buy-in of $20m).
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Hello. My name is Glenn Fradera. I’m a real estate Broker and a mortgage Broker. I own Sunshine Properties of S. FL., Inc., and have I have been selling and managing properties in Delray Beach and the surrounding areas for 13 years. I have a nice web sight http://www.sunshinepropertiesinflorida.com and a beautiful office at 4997B W. Atlantic Ave., Delray Beach, FL. I live in Deerfield Beach, Fl., and I’m able to sell properties from Fort Lauderdale to West Palm Beach. I have a team of sales professionals and a team of licensed contractors to paint and clean up properties that may be in need to be cleaned up prior selling the property to a ready and willing buyer. Please consider my services as a REO broker. I have both a liability policy in place and an errors and omissions policy. Wile selling bank owned properties I notice that the properties out there are not being maintained and marketed properly. I rely heavily on Goggle, Yahoo, AOL, Backspace, Craigslist, Oddle, Trulia and other we resources to deliver to me buyers on a daily basis. Please consider this request and feel free to call me at 954-439-4184 for any questions or concerns that you may have.
Best Regards,
Glenn Fradera
Broker/Owner
954-439-4184
*Comment* I don’t know why he didn’t read the blog at all. I’m not related to DB at all.
DEAR SIR OR MADAM
I NEED TO KNOW IF I CAN BE REGISTER AS AN AGENT FOR YOUR REO
PROPERTIES, AND ALSO HOW CAN I DO YOUR BPO. DO YOU HAVE A PACKAGE TO
FILL FOR THE BROKER REGARDING THE ABOVE MENTIONED REQUEST.
MANY THANKS
SAMY
–
Prudential New Jersey Properties
Samy Mohamed-Broker Associate
(T) 732-390-2198 ext.319
(C) 732-904-3291
(E) realestatesamy@gmail.com
(W) http://www.realestatesamy.com
Hi Brandon
Do you have a list for realtors in Southern California to assist you with REO buyers that may contact you. I have 30 years experience in Lending and Real Estate and I a native angelino and very familiar with all the Southern California market from Los Angeles to the Mexican border and from Las Vegas to the Pacific Ocean 
Felipe Alvarez
Realtor
Meridian Capital Realty
Meidian Capital Mortgage
Cell 714-875-3911
felipe763@aol.com
[...] Part #1 The long search for a deal Part #2 I Did It! Part #3 How to Contact Deutsche Bank’s REO Department Part #4 Other Notes About Deutsche Bank [...]
Let’s face it. Now, there is no long search for closing a great deal. Bargains are everywhere and all you need to do as an investor is know how to negotiate. Prices go really low as houses and foreclosures list are absolutely everywhere. This is a brilliant opportunity to start gaining equity.
[...] Part #1 The long search for a deal Part #2 I Did It! Part #3 How to Contact Deutsche Bank’s REO Department Part #4 Other Notes About Deutsche Bank [...]
Hi Brandon,
I just wanted to let you know how much I appreciate this article. I have had a little luck in contacting small banks directly and obtaining listings and there is a new one in my area that belongs to Deutsche. I have buyers for it! I never thought to walk right in to DB in Santa Ana! I use to call on mortgage brokers in the same area. Any bit of advice on where to start with that?
Thanks so much, Cristal Drake Realtor, RE/MAX North Orange County – Fullerton, CA
It is quite frankly disgusting the way you call these foreclosed properties “bargains.” Many of these properties were fought for by families for months and months and the banks just stole them from under them. I can tell you there are thousands of people experiencing the nightmare of trying to get a loan modification. Banks are lying, misleading, and quite frankly stealing homes out from under families who have been tirelessly complying with every single bank request to no avail. Anyone who buys a property that has had that kind of heartache attached to it is perpetuating this nightmare. If you don’t believe me, look at the posts at http://www.loansafe.org/forum.