Neill Sullivan and his investors are putting a lot of effort into convincing themselves and others of the do-good nature of their speculation scheme. “REO Homes, LLC respects West Oakland by investing in our neighborhoods.” Sullivan, the son of a Newport Beach real estate developer, was previously associated with Deocap Corporation, a mortgage brokerage with suspended or revoked licenses in many states. The list of properties in the hands of Neil Sullivan’s LLCs is staggering. Sullivan purchased at least 356 properties in Alameda County between 2008 and 2017, comprising 688 units.
