The DaVinci Project

[learn_more caption="The DaVinci Project Overview" state="open"]DaVinci Realty Group is focused on translating the current real estate market into opportunities for investors. Our thorough understanding of the market coupled with our experience in buying foreclosure properties opens up a world of potential for investors looking to buy homes at incredible prices and turn them over quickly. If you’re looking to take advantage of this window of opportunity, get in touch today to uncover the potential.[/learn_more]

[learn_more caption="The Auction Process"]

Auction Introduction:

Auctions are today’s best opportunity to invest in real estate,  identifying properties and keeping an eye on the probable prospects and being ready to act when the time comes is a full time pursuit.  The price is set by the bank and published just hours prior to the purchase opportunity. Targeting and visiting the properties to purchase, scrutinizing the land and property characteristics, maintenance of the structure and structural soundness, the quality of the neighborhood and access to it, determining the market value and the price it could be quickly resold for, examining the chain of title, researching for liens and assessments, back homeowners dues and penalties, back taxes and other concerns is necessary.  Unlike escrow transactions, auction properties are sold without any warranties. Being competent to examine these issues is imperative. Identifying properties only to have the sale date postponed, or cancelled can be demoralizing if you don’t know to expect it and it happens regularly. Trying to specify a specific property and then having it priced as predicted and being the successful bidder is a challenge. Seizing the opportunities that present themselves is what we strive for.

 

With our experience in real estate buying and selling, home design, building and development, as well as foreclosure avoidance and short sale consulting and marketing activities, we are equipped to make profits for investors. Taking care of every detail from start to finish. Working with owners to avoid a foreclosure by short selling their property, saving it from going to auction, give us knowledge of properties going to auction. We are doing the research to be ready for buying properties at bargain prices.

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[learn_more caption="Fast-Track Short Sales"]

Fast-Track Short Sales:

We are expanding our reach into fast track short sales working directly with asset managers from lenders such as Wells Fargo- Wachovia. This is a new pilot program for qualified real estate brokers. We are given a list from the lender of people in pre-foreclosure. We contact them, explain the short sale program. We procure a buyer and the lender asks us to do a brokers price opinion (BPO). Once the offer is accepted we close on the transaction. The entire process takes about 30 days, start to finish. Because we control the process it is a good place to find great deals for our clients.

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[learn_more caption="Distressed Notes"]

Purchasing distressed notes directly from lenders:

It is widely known lenders are holding defective notes on potentially trillions of dollars of improperly processed securitized notes.

The problem with these notes was ROBO assignments transferring interest in the properties from one financial institution to another. Many of these assignments have been found to be illegal or invalid.

The foreclosure defense attorneys have had many foreclosures dismissed causing a complete slow down of foreclosures being processed through our Court system. Some of the Judges have considered these documents a fraud upon the courts.

All 50 State Attorney Generals are in negotiations with the US Treasury Department for a 20 billion dollar fund to pay damages to the holders of this paper and the owners of record of the properties. According to Sheila Bair head of the FDIC that regulates the lenders. The details of this program are yet to be announced.

The lenders have set up Brokers to sell these defective notes to investors directly at a discount up to 60 to 80 cents on a dollar.

Investors are better equipped to work directly with the owners of the distressed properties on a one on one basis and renegotiate terms and a new note and mortgage whereby the defective note is null and void.

If an agreement cannot be worked out with the owner the investors have the option to continue foreclosure that the lender has started already and also collect on any deficiency judgments due to the lender/investor.

In summary we feel this is a tremendous opportunity to offer the lenders a solution on the stalled foreclosures due to faulty paper work which they are ill equipped to deal with.

For the owners of record is the way forward to resolve the grid lock as the investors deal directly with the owners.

Fannie Mae, Freddie Mac are exploring public private partnerships as a way out of the securitized note mess that is been clogging our Court system and a HUGE profit vehicle for those involved.

We feel that this is the future resolution to the current problem with the securitized notes and the clogged Court system.

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[learn_more caption="Investor Case Studies"]

Investor Case Studies:

Below are some of the actual transactions we completed in the past two years. As you can see we started with auction sales and it expanded to fast track short sales, purchasing REO’s, bank owned properties through a public private program and we are also making offers to buy distressed paper notes directly from the lender’s asset managers.

 

Capital is the only limitation we have as to how much profit can be realized. We are in unprecedented times where bad news is very good news if you know what you doing with it.

 

You provide the capital and we do the rest and provide you with the profits.

This fund would be in your control and we could discuss in detail how you wish to title the properties.

This capital would allow us to access the tremendous profit potential that the current foreclosure and distressed real estate market for the tri county area affords today.

We have a two year proven track record of success and have been flexible in exploring all opportunities as they arise in the distressed real estate market.

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