Advantages to Listing Agents Working With Our Team To Process Short Sales
There is a way to outsource short sale negotiation and still keep your FULL COMMISSION.
We understand the emotional and the financial pressures of the situation and work diligently to support everyone involved quickly and compassionately. We treat the homeowner’s situation with a strong focus on ethics, and strive to make the process smooth, easy and private.
We work with a group of transactional buyers that buy short sales for cash from the lender and facilitate the transfer of them to a retail buyer. We are paid by the transactional buyer to negotiate the Short Sale, not by the Realtor.
Underwritten by title, safe, legal, and fully disclosed to all parties
Homeowner Benefits Using Our Model
- No charge – We never charge Homeowners any money for our services.
- We cover gaps and shortages – A lot of traditional short sales fall apart because of gapsand shortages that the lender will not pay. If you have any back HOA payment, taxes or gaps on your lines, our transactional buyer will cover these to ensure a successful close.
- Speed to review and close – Since we are presenting the lender with an all cash offer with the short sale package, we can usually get a quicker response as well as rise to the top of the stack for review. A majority of short sales fall apart due to the buyer financing issues, with that, the lenders see tremendous value in a cash offer and tend to react faster when presented with one.
- Proven track record -Our full service negotiating team has successfully received approval letters for over 80% of their assigned short sale transactions. They virtually stalk the bank and have built relationships with Loss Mitigators to help streamline and facilitate these complex transactions to get your deals closed quickly.
Simply stated, WE KNOW HOW TO GET THESE CLOSED!
YES! Let me say again, YES. It is not illegal to quick-turn a property. It is and always will be a healthy way for markets to regenerate. To ensure that we are always 100% compliant with the law, transactions are insured by title and completed with reputable escrow companies. You are welcome to speak with our title agent and local attorney.
YES, we firmly belive in full disclosure and transparency. Transactions are fully disclosed to all parties, from the seller, to the listing agent, to the lender, to the end buyer’s underwriter. We provide full written disclosure of intent to purchase the property via short sale and then immediately re-sell the property to an end buyer for a profit. All documentation is always available to all parties.
YES, what confuses some agents and homeowners is that they believe we’ve discounted the property value, when in reality we’ve only discounted the mortgage debt (with the lender’s approval). In other words, the Fair Market Value of the property is not discounted – only the underlying mortgage debt. That is why the investor can buy and sell the home in an ethical manner, the same way REO’s are purchased by investors at the court house steps and sold to a buyer requiring financing the following day for profit.
An agent's fiduciary responsibility is always to the client, not the bank. We fulfill the written conditions in the Short Sale Addendum and provide this information to the bank. We believe and insist on FULL DISCLOSURE.
YES, there are two separate and distinct transactions. Each transaction is a stand alone transaction with separate funds. The investor will close the short sale purchase with cash or private financing. The investor will then close the second transaction with the end buyer per their approved method of financing just as with any standard closing and “fee simple absolute” title will then pass to them.