World Transactions Group, Inc. Unveils verifiedreos.com a Bulk REO Mecca for Approved Sellers, Qualified Buyers and Buyers' Mandates
World Transactions Group, Inc. announces www.VerifiedREOs.com, a free member-exclusive platform for pre-qualified buyers and verified sellers of deeply discounted bulk REO and Note portfolios. Asset managers, compilers, sellers' mandates, buyers' mandates and bulk reo buyers hail the advent of VerifiedREOs.com as the premiere destination for legitimate sellers and buyers of bulk REO portfolios, notes and other real estate related assets. All letters of intents, letters of authorization and proof of funds are verified by Fidelity National Title Company before users are given access to view tapes and reo packages. The system is effectively designed to curb any broker chains although brokers could have outside fee agreements with the mandates and or buyers. Some of the selling sources include Deutsch Bank, Bank of America/Countrywide, JP Morgan, and a host of other sources including Wall Street trading floor.
Los Angeles, CA (PRWEB) January 30, 2008 -- World Transactions Group, Inc. announces www.VerifiedREOs.com, a free member-exclusive platform for pre-qualified buyers and verified sellers of deeply discounted bulk REO and Note portfolios. "VerifiedREOs.com is famed as the premiere destination for legitimate sellers and buyers of bulk REO portfolios. It was only a few hours from the company's soft launch of the system that the system hit a record number of transactions placed by fully qualified buyers and sellers of bulk REO portfolios, up to the tune of $21B." The company boasts of over 90% of the buying power in the industry with its primary audience being financial institution portfolio asset managers, hedge funds managers and high net worth private investors.
www.VerifiedREOs.com delivers facts, industry trends and data that serve as a resource to bank asset managers and investors in increasing their overall effectiveness and profitability. Banks and institutional reo sellers may now directly deal with pre-approved buyers and buyers' agents. Each buyer is pre-approved by Fidelity National Title Company so they can immediately begin to purchase portfolios from the sellers.
In an interview with the company's Chief Executive Officer, Raymond Brown, we learned that the company employs the services of reputable, independent verification agencies like Fidelity National Title Insurance Company to meticulously authenticate each member of the ww.VerifiedREOs.com platform while maintaining the privacy of the participants. The system ensures that both the buyers and sellers experience the highest rate of success in closing their transactions.
We questioned the safety and security of provided information and were enlightened by the Chief Security Officer, Christopher Tolbert, that "each member's identity is treated with the utmost level of confidentiality, the database is custom-encrypted to safe-guard all sensitive information and all data inputs are transmitted via conduits of Secure Socket Layers (SSL) technology."
Industry experts concur that with www.VerifiedREOs.com, investors and bulk REO sellers are ensured the quickest, most reliable means of presenting portfolios to the best qualified and ready buyers.
Buyers and their mandates are presented with numerous proven sources that meet their investment needs. There is every indication that World Transactions Group, Inc with its innovative, patent pending system, www.verifiedreos.com is revolutionizing the bulk REO portfolio space.
Due to extremely high volume of inquiries, the company may only be reached by non-members by e-mail at info@verifiedreos.com. Members are assigned a special hotline number to support them with their transactions.
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