In a nutshell, we want to partner with Realtors to do all their short sales at no cost to the Realtor or the client in default. We are the short sale experts. In fact, we, and our loss mitigation partners have been doing short sales for years, long before it was "the thing" to do. More importantly, over 80% of what we do comes from referrals. Why? When you (the Realtor) negotiate with the bank, they will usually negotiate your fees down so you would be lucky to get 2%, maybe 3% commissions. In addition, you will be spending hours on the phone trying to deal with the bank.
I would guess you are spending 25 hours a week with following up on short sales, making calls, and tracking down replacement paperwork. I want to take that burden from you and allow you to make your FULL listing commission provided we are successful in negotiating the short sale and we get the property sold.
Your first step would be to arrange a meeting with your clients in default to get the required paperwork filled out. In addition to the short sale paperwork, we will go into contract to buy the property. We are a real, highly funded cash buyer. We then have you list (or re-list) the property for a price above what we feel we are going to get the bank to accept. This price is much lower than market value, which will make it easier for you to find buyers. The buyer will be getting a great deal on a property and you will be making your FULL commissions but we will have done all of the negotiations.
What makes us different from others is that we are going to purchase the property at the negotiated price we get with the lender in default. Therefore, we can submit a short sale right away and do not have to wait for a buyer because we are the buyer. We are then going to ask you the Realtor to find a buyer at the new discounted price making this a win-win solution for all parties involved.
Our negotiating team is one of the best. They are former bank loss mitigators that now work for us. We have hired the leading law office/short sale service to do all of our negotiations and they are very good at what they do.
Ask yourself this question: What can you do with the many hours of time that you will now have since we will be handling your short sale negotiations? What if you could actually LIST and SELL those short sale opportunities you have passed on? You could go out and list more houses. You could find more buyers or possibly spend that time with your family. You'll definitely MAKE MORE MONEY!!!!!
Short sales have a far less damaging affect on a seller's credit report. Credit scores typically lose between 80 to 100 points. What happens to your credit down the road? It is takes around three years after a foreclosure before a lender will offer a sensible interest rate, whereas for a person who went through a short sale typically waits around 18 months to buy another home at a good interest rate.
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