Benefits of Loss Mitigation Programs and SFN
Why Lenders Accept Loss Mitigation Programs and Short Sales:
- It costs lenders a fortune to foreclose a property.
- Companies like ours help lenders alleviate administration as we help their loss mitigation departments by presenting borrowers with a specific stacking order, procedure, and protocols, many times not followed by individuals that may further create more deficiency for the homeowner and lender too.
- A short sale helps absorb additional losses and gives them immediate pay-off from the buyer.
- Loss Mitigation programs help the homebuyer that may be able to afford payments with a different structure than that currently in place, alleviating the risk of auction.
- They are lenders, and are not in business to buy and sell real estate
- A REO (banked-owned property) is a liability, not an asset to the bank
- Most lenders are REQUIRED to have an amount up to SIX Times the retail value of each REO in reserves, so a short sale gives them an immediate relief
- Protection of their banking charter
- Our company helps their administration costs as they can work with a company who understands the correct mitigation process.
Property Owner’s Benefits to Loss Mitigation Programs:
- Help in Avoiding Foreclosure
- Less Credit Damage than Foreclosure or Bankruptcy
- Simple and Inexpensive Relief
- Help reduce your hardship, lower payments, terms, and liabilities
- Our unparalleled support includes: Real Estate Professionals, Lenders, Attorneys, Buyers, Consultants and more
- Access to our top notch network of Real Estate Professionals, Attorneys, Lenders, Mortgage Companies, Buyers, Consultants and more.
- A Fresh Start
- There is no out-of-pocket cost to apply or consult with us.
- We provide a full-refund of any fees collected for loss mitigation services you apply for if we’ve accepted you as a pre-approved candidate per our Working Agreement. Short sales are subject to use of suggested documentation and successful closing transaction.
- For Short Sales, the lender typically pays the selling and buying agent’s commissions, attorney fees, rehab fees, and our mitigation costs, past due payments, and more. The lender and/or seller will absorb the closing costs as well.
Real Estate Professional Benefits to Doing Short Sales with Us:
- FREE yourself to focus on your business and not the logistics of a short sale
- Create more credit acknowledgement and sold percentages for your business
- Huge Increase in Revenue Potential
- The Competitive Edge and Added Value Platform
- The Necessary Help to PROPERLY Service Your Clients
- Marketing and Sales Tools
- Opportunity for Additional Listings
- Customer Satisfaction and Loyalty
- Get Paid More Commissions. We can always use listing agents for property owners who have contacted us directly without a real estate professional agreement in place. This means, we can refer you business, give you listings, and do all the servicing necessary to help grow your business!
Buyers and Investors Benefits Purchasing Short Sales:
- Exceptional values many times with automatic equity
- The ability to utilize equity for additional properties, cash-out refinance, and more.
- A continuous client database that allows us to match you with potential buyers for those wishing to buy and resell property
- Financing options that may be better than other programs existing elsewhere through our private lender group.
- Short sale sellers need places to live. Your inventory and ours, give you the ability for rentals, lease-options, and more.
- A network of people that can be beneficial in many ways you so desire.
Attorneys Benefits to Being in Our Network and Offering Loss Mitigation Using Our Services:
- The very nature of our business needs committed attorneys that can assist our clients should they not have one in place. Hardship clients may need your assistance and we are happy to refer them to those attorneys who would like additional business
- Alleviate your administration costs. We pre-screen clients we refer to you for representation qualifiers and other business services you offer. We can provide loss mitigation and the necessary follow up needed for your clients too.
- Create additional revenue streams through our referrals
- Give your business the competitive edge by giving your clients that are in hardship a possible solution or alternative to Foreclosure or Bankruptcy, while still receiving up-front retainers, and fees upon the closing transaction when applicable.
- Our services call for title companies and we have the capabilities to choose title. Continue servicing our clients and yours while receiving the abilities for even more revenues.
- A successful mitigation brings loyalty and referrals. Your business can thrive.
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Our
network of attorneys, buyers, investors, sellers, clients, affiliates
and more gives you added recognition and new relationship possibilities
