Realtors®

Listing Agents

“The Most Effective REALTOR® Short Sale System Ever Conceived”sm

Our coaching program is dfferent that anything you have ever seen.  No fees, no referrals, no hassle, no junk.  Just faster money and better service.

Win More Listings with these Unique Advantages

Stop Foreclosures…Offer Multiple Solutions to Your Clients

Full Debt Forgiveness…Eliminate HOA & Taxes Liens

Power of a Law Firm… Force Banks to Respond & Respect Your Client

Benefits to You

Your Listing… Keep Full Control of Your Client Relationships
5 times the Buyer Leads…Increase Double End Deals & Secure More Buyers
More Money…Make Full Commission + $1,000 Bonus to Listing Agent
No Hassles…Turn Over Loss Mitigation & Bank Negotiations to the Professionals
Free Training…Use a Professional Loss Mitigation Coach at No Charge
Free Tools…Implement Templates, Pricing Matrix & BPO’s at No Charge
Free Repair Analysis…Leverage a Licensed Insurance Adjuster’s Repair Estimates at No Charge
Free E-Sign DocuSign…Get Rid of Unclear Faxed Contracts, Eliminate Errors & Close Faster

Benefits to Your Client

Experienced Staff…500+ Closed Transactions
Peace of Mind…Better Business Bureau Member, 6+ years, Perfect Record
High Rate of Success…Testimonials…real people, real addresses

Call 713-595-8200 or Email

Buyer’s Agent for Short Sale

Preparing your client for the Short Sale

There is no guarantee the bank will take the offer and foreclosure proceedings will continue to move forward in many cases.  Remember, if all it took to avoid a foreclosure was to tell the bank, ”I’m selling the house” or to send them some low-ball offer from an private investor, everyone would do it and there would be no foreclosures.

Offer to purchase

Once all parties sign the contract, it takes a few days to update the title and various payoffs such as tax liens and HOA liens.  Once this is accomplished the complete package is sent to the bank along with all the supporting documentation.  From this point it typically takes 60-90 days until closing (see further explanation below), or possibly longer, depending on the bank.

NOTE: It is critical we have ALL the requested documents.  Failure to provide proper documentation will not only make the process longer but could cause the bank to reject the offer.

Negotiation with the bank

This is the part of the process that takes the longest.  Once we have submitted the file and necessary documentation then the bank “formally” begins the decision-making process.  This process can take several weeks and in extreme cases several months.   We recommend that the buyer doesn’t lock rates or order an appraisal too early.

The bank will send out their appraiser or agent who will report back to the bank an opinion of the value for the house.  Sometimes they send two or three agents for multiple valuations.  The higher the buyer’s offer (and closer to their opinion of value) the better chance of a quick approval.  Low offers often require multiple approvals and take much longer.

This process requires rigorous follow-up and extensive negotiation on our part.  The bank will then decide whether to accept, reject, or present a counter-offer.   Your designated agent will update you at major milestones and/or every one to two weeks.

Closing the Sale of the House

Once we have received final acceptance of the offer from the bank, the buyer and their lender need to be ready to close quickly on the house; typically within 10-15 business days.  You will be notified of the date and time of closing as well as the bank approved HUD (from seller’s side).

Your client will need to bring a copy of their driver’s license and a cashier’s check for the “cash” amount for the closing.  Be aware that as the closing date draws near your client will need to tell their employer that they will need flexibility to go to the title company during normal weekday 8am – 5pm business hours.

Summary

The process of completing a short sale is very time consuming and complex.  It is not unusual to go several weeks or even a month or two without significant progress being made as the banks are overwhelmed with foreclosures.  Please know that we are working hard to close the deal as quickly as possible.  We don’t get paid until we are successful so we are highly motivated to close in a timely fashion.

Call 713-595-8200 or Email us for free, no obligation information on:

• Credit Counseling
• Broker or Non-Broker Assisted Short Sales
• Deed-in-Lieu of Foreclosure
• Foreclosure Postponement
• Loan Affordability Programs
• Recommended Mortgage Bankers