Start earning on your real estate investment during the foreclosure process.
The Smart Investment
What is a preREO?
A preREO is a delinquent first mortgage secured by either a vacant or tenant-occupied property. With “zombie” properties scattered throughout the United States, lenders often struggle to properly maintain these preREOs.
Why Choose preREO?
Vacant or tenant-occupied properties become a burden on lenders, incurring significant property preservation costs and often leave local communities suffering with the blight of abandoned and deteriorating homes.
preREO brings noteholders and community investors together, allowing for more efficient maintenance and improvement of these challenged properties.
We Have the Experience
Solution to the Problem
The preREO Solution
Find Assets Easily
Search and bid on profitable preREOs on one platform, which makes finding your next opportunity easy.
Partner with Knowledgeable Professionals
preREO connects you with experts familiar with this unique process including appointing a receiver, servicing a loan and more.
Positive Return on Your Investment
Start earning immediately by leasing or renting during the foreclosure process and see your community flourish.
Help local partners make a difference in their communities and earn a return. Finally, an investment with a cause anyone can fund.
preREO uses crowdsourced capital to help local partners purchase distressed mortgages from institutional sellers at discounts. Local partners invest 25% of the acquisition price and preREO contributes 75%.
Local partners pay preREO monthly and work towards resolution of the assets, such as loan modifications to keep families in their homes, or repair and resale of vacant homes that become REO. Crowdfund investors earn up to 7% per year and help rebuild communities across America.
HOW TO PARTNER ON PREREOS DIRECTLY FROM LENDERS
January 14, 12pm - 1pm CST
Join Jorge P. Newbery as he discusses how zombie foreclosures provide a unique opportunity for financial gain while providing a positive community impact.
January 5, 12, 19 & 26 - 2:30pm CST
This 1-hour meetup is for new and experienced investors who would like to learn how they can partner on distressed mortgages with preREO. Attendees can ask questions and get support. Once registered, you can attend all meetups with the same meeting link.
PREREO BOOT CAMP
LEARN TO PROFIT WITH THE 4-STEP PREREO STRATEGY
COURSE AVAILABLE ON-DEMAND
Learn step-by-step how to find first mortgages, bid, negotiate and partner on mortgage notes direct from lenders, take control of the property legally during the foreclosure process and make a profit from rental income and selling after foreclosure.
Learn More About preREO
Stay up to date on all the latest preREO news.
Learn About preREO