Skip to main content

Dynamic Ventures Corporation to Enter the REO Market

Jan 13, 2011

Dynamic Ventures Corporation has announced its intent to enter the $250 billion real estate-owned (REO) services market. The company has drafted a term sheet with an investment group to raise between $6-$10 million dollars to take advantage of the current opportunity in the credit markets by acquiring and reselling distressed residential REO properties. This investment will be targeted in and around the Phoenix metro area. "We believe the bulk REO market is strong and has the potential for extremely lucrative investments in foreclosure properties in both the short and medium term," said Paul Kalkbrenner, chief executive officer of Dynamic Ventures Corporation. "With the prospects for a reasonable economic recovery and stronger housing market just around the corner, the time to invest in bulk REO is now."  REO homes that are in good condition and listed at $300,000 or less are drawing multiple bids in some areas from homebuyers and investors looking for bargains. "Our team has built over 50,000 homes and has a combined 50 plus years of experience in residential and commercial construction, primarily in the Greater Phoenix area," said Kalkbrenner. "This, combined with our ownership of a company specializing in interior finishes and our relationship with many trades has our team well positioned to capitalize on this market. We believe bulk REO properties will become a very lucrative and ongoing source of revenue for us and will prove to be another winning strategy for our company as we expand our existing business into this exciting market segment." 
About the author
Published
Jan 13, 2011
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024