Corporate
Headquarters

Murphy Business &
Financial Corporation
513 N. Belcher Road
Clearwater, FL 33765
888-561-3243
Fax: 727-725-8090
Email us

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Listing Details - REO & Foreclosure Real Estate Specialists

Listing#: 5937      SIC:       Business Type: Real Estate Related, Broker Real Estate
 
Default Image
 Status Inactive
Listed Price $7,900,000
Down Payment $4,000,000
Owners Cash Flow $3,417,489
Total Sales $4,905,727
 
   
   
 
  Contact Information
   
  Office: 727-725-7090
  Email: Send Email To Agent
   
   
   
   
Business Description
One of the largest, most successful REO & Foreclosure specialty real estate brokers. Specializing in the Southern California market, it also does business throughout the State. Extremely profitable, and conservatively projected to grow significantly when, sometime in 2010, Federal and Banking restrictions - which have restricted inventory since 2009 - are loosened. The REO industry sector is forecasted to continue at a high % of total residential sales for the next several years, with the Company continuing to occupy a market-leading position. Buyers could recoup their investment very quickly, and continue to enjoy handsome profits in ensuing years.
 
Assets/Liabilities
Accounts Receivable Incl. Real Estate Incl.
Inventory Incl. Liabilities Incl.
FF&E $40,000 Incl. Other: Incl.
Leasehold Incl. Total Assets $40,000
   
Lender Prequalified: No  
   
Financing/Terms Amount Mos Rate Mo. Pmt.
Loan/Assumable
Loan/Seller
Other
 

This is a banking relationship-driven industry. Bank loyalties, once established, tend to remain firm and not likely to change. Company maintains close relationships with top management of allied lending institutions. Company is less staff-intensive, but enjoys greater productivity; is more diverse in their market coverage with a larger service area due to joint ventures. There are only a few large REO companies in the market.

The Company, along with the entire REO sector, are expected to enjoy significant increases in activity. The big influx of REO properties has yet to happen. Projects are still trickling until the government interference abates. Revenue and profit are projected to increase dramatically, as moratoriums are lifted, the current REO backlog is released, and a huge new inventory flow is anticipated to flood the market. Company technology, operational expertise and lending relationships should enable the company to continue at/near the top of the REO sector.