REO Deal Review in San Diego

[Elsie]

Here is an REO listing on its 12th day on the market and is still active just because the bank is only reviewing offers from Buyers Purchasing the property as a Primary Residence, NSP buyers, non-profit organizations (per MLS attachments). On day 13+ they will consider All offers from all buyers and I am sure investors will be making offers on this, we might as well be the one to get this.
Although the MLS says it is on the 12th day, per the confidential remarks it is now open to all buyers. I showed this last Sunday to one of my clients and they are interested in it although he is still working on the loan. The MLS has 23 pictures but I will be taking more pictures this afternoon to show things that needs more improvement like putting a wood fence between neighbors instead of the wire fence only. The crack in the garage, landscaping and some minor things. Actually for an REO this looks good and clean. I am just sending this MLS listing now as a headstart for you to look at. I will be sending you another email later on this property.
Thank you and I am excited that you can be my partner.
elsie

[Tony Alvarez]

I can appreciate your positive, optimistic attitude about what will ultimately happen with this property in the future however, that just may be slightly premature as is your assumption that I would be your “partner.”
More specifics on the property would be helpful as I would assume you would have all of the information I need. Please provide ALL the details that you have on the target market where the property is located, specifics on the subject property, comparables and the numbers that I’m sure you’ve already analyzed to make sure this is a profitable deal.
In addition, please give me a little bit of information on your past history. Have you done any past deals in the specific target market where this property is located?