5704 Colon Terrace
Temple Hills, Maryland 20748
Long and Foster
98% Successful Rate Short Sales 98% Success Rate/Loan Modification
Short Sales in 15 states. They are partnered with Stewart Title of Az as well as Clear Title. Contact info is TMSshortsales.com or ReatlyTMS.com. Fred Ross 303-633 5454
We are licensed and 100% compliant for the State of California. We can not process out of state transactions.
Other companies charge outrageous fees, we don't. You should take a look at our website and learn more. Our service is 2nd to none, our communication is done via email updates and also you have access to the system 24/7 via our web portal. We do not typically charge the listing agent either, read on our website how you can have your short sale processed without loosing any of your commissions.
Most short sales take 3-6 months to negotiate. I can negotiate a short sale deal in two weeks. I bridge the gap between distressed home owners and their lenders and orchestrate the win-win.
If you are a distressed homeowner and you've been looking for help, call me. You don't have to file bankruptcy and you don't have to lose your home. Banks are giving away 1'000s of dollars to help home owners get a fresh start!
My initial consultation is free. I look forward to working with you.
Quality Real Estate
4823 N Broad St.
Philadelphia PA 19141
I've already studied the new Short Sale/HAFA II short sale guidelines starting Novemeber 1, 2012.
I'm an honest agent looking for honest sellers in a distressed market believing that character still counts.
There is no way to determine this because of all the variables. You can't even go by the close ratios because some companies have figured out which ones are a lock and simply go after those rather than take on some of the harder ones that aren't so clear cut. Also, the best will vary depending on whose standpoint (the seller, agent, and lienholder all have different standpoints).
1.) Regulation - We as brokerage companies are state regulated institutions. 3rd party mitigation companies are NOT. Because of this, there is no standard level or expectations of services, and they have nothing to loose when it comes to licensing. Many also work under the guise of "investors" and they also tend to act on the "liberal" side of real estate law, and can entrap agents in THEIR practices. I've heard literally hundreds of horror stories, CLICK HERE for one I just read on our site literally today. There is also a time factor when it comes to short sales and buyers backing out. When it comes to getting contracts signed or documents back, the processor is just another unneeded party that if anything can ONLY contribute to further delaying the process and of course approval times.
3.) Fiduciary Responsibilities - Due to the importance of the situation, I believe very strongly that in a short sale transaction especially, it is extremely important for brokerage companies to take their fiduciary responsibilities VERY seriously. For me, this is a pretty simple line to draw in the sand. Either you care about looking out for your customers best interests, or you don't. Telling them that you are there to help them in their time of need and then passing the buck to another company, most of which are not regulated, is certainly irresponsible and careless.
What does this mean for agents? I understand that negotiating short sales is NOT part of your job description and in most situations you should NOT be negotiating them yourself if any way possible. A good short sale team is not a one man/woman show, it takes a team. Mitigating with lenders is not rocket science, and there is no reason an assistant, broker, or designated person in your brokerage office can't help with the negotiations. This way, they can still be under YOUR supervision directly, and you can do what you do best - SELL REAL ESTATE! And if you only have a handful of listings, there is no reason you can't do it yourself, it is NOT as time consuming as many would have you think. Remember, this is coming from somebody who has done a couple hundred.
Closing attorneys and title companies are great to partner with to help with legal matters, advance title work, HUDs, and closings. While they are a valuable part of a short sale team, There is no reason or need to pass the buck and hand off your brokerage companies fiduciary responsibilities and relationships by allowing them to actually work the short sale negotiations.
Of course, our agents are only required to mitigate in house for the listings we refer them. It is a free country when it comes to their own. Choose wisely. This is also a way for us to help guarantee the sellers we refer out are never charged any money out of pocket, and can also receive a standard level of service. It is also a way we can guarantee any lenders who directly use our services and organization can insure that THEY don't get charged any UNNECESSARY FEES. Yet another reason to stay away from them.
In closing, I'd like it to be known that I COULD stand to capitalize substantially from mitigation. We have literally thousands of short sale listings around the country we've referred to agents, ALL of which have agreed to not use a 3rd party to negotiate them! For these reasons, and others, I also believe to do otherwise is completely careless and unethical.
Agents in ALL forms of brokerage relationships in our state are required to use "skill, care, and diligence in ALL transactions". Choose wisely.
We are a network of real estate short sale specialist who have witnessed 100's of house's slip away to foreclosure with agents who had little experience. That is what we are here for to make sure you are not the next one. We help homeowners by working closely with agents nationwide. There is no fee to anyone, and we are ready to answer any questions! Please click here to visit us
â€œBy a wide margin itâ€™s the lowest priced product on the market. It will be available to real estate investors and Realtors without the large setup fee of competitors such as Short Sale Builder, Short Sale Engine, and Short Sale Commanderâ€ said company spokesperson Jerry Maiger.
No setup fee. 80+% below the monthly cost of the competitors.
Features of the Short Sale Management System include:
â€¢ Online access for all parties involved in the transaction
â€¢ Manage all files online from any location
â€¢ Build instant short sale packages in less than 15 seconds
â€¢ Web Based HUD-1 Generator
â€¢ Web Based BPO Builder
â€¢ Pull Comps online
â€¢ Daily, weekly, monthly planner
â€¢ Optional email updates to all parties
â€¢ Public and Private Notes on each property
â€¢ Time-stamped activity log with lenders
â€¢ Unlimited document storage for each user
â€¢ Lender specific documents in place
â€¢ Easily navigate between properties
â€¢ Assign negotiator to any file
â€¢ Negotiator notes
â€¢ â€œClosingâ€ checklist
â€¢ Status bar and tracking system for each property
â€¢ Checklist of tasks completed
â€¢ Record and save buyer offers and documents
â€¢ Additional business and marketing tools
That's a winner!
I work for an attorney, we specialize in short sales, loan modifications, short refinance etc. We have solutions for home owners who are facing a financial hardship.
When we call the lender from an attorney's office we tend to get results. I started with a broker several years ago. Now with more experience and education under my belt I do get extra help from the reps.
I would work with an attorney's office in stead of a processing office any day because an attorney knows the laws and can advise you and your clients of specific laws that you can not advise your client of.
also one thing that a lot of realtors dont always think of is the second loan. As an attonreys office we seccessfully negotiate /settle the second loan. These things are extremely important for your client. they would be very unhappy if they received collection calls two years later for the second loan.
An attoney can help your client with bankruptcy if needed. We can also negotiate a better settlement with the lender becsue of the fact we may be able to file bankruptcy for the client.
As a realtor your knowledge is in selling the home. You want a knowledgable attorney to represent the client and make sure your not exposing yourself or your client during the short sale process.
Our firm may also be able to help your client save their home. One thing some realtors may not know is a lot of lenders are working very hard to keep homeowners in their home. It would benefit you as a realtor to know you are doing your best for your client. Knowing your working with an attorney who works very hard for your clinets and is also awar of how loan modification and short refinances work is beneficail for you as a realtor.
Your client would want to know that they could have saved their home if that optionn was available to them.
Not all short sale companies will let their client know they may qualify for a loan modification. i believe a realtor has an ethical duty to their client to let them know they could possibly save their home if they have income.
Volo Law Group
925 699 5041
They have been doing short sale negotiations for well over 10 years and came well recommended to me by other agents I know. The specialize in clients that must protect their credit rating and or have numerous assets.
My client had over $13 million in assets, yet walked away from a $1.4 million deficiency without owing or paying one dollar. No Promissory Note...nothing. Needless to say I was quite impressed.
Keller Williams Professionals
Fort Lauderdale. FL
Best of luck finding someone good.
At the end of the day the Realtor is who facilitates the transaction and we support them as the title comany.
I can understand you asking some names of a few realtors in your area that have success in approving short sales. The question you asked makes it sound as though there are mills processing these short sales. Title companys help realtors negotiate these short sales.
Question for agents: When you say "you fight for Homeowners to avoid foreclosure, do you give them the option of saving their home? Do you ask them if they prefer to keep their home if you could make that happen?
Quick criteria to look for:
is their 1st mortgage PITI ( not the neg am, or interest only payment) more than 31% of their gross income they may qualify for a loan mod.
If there home is underwater: if they were to get a principal reduction to the actual current market value could they afford the new loan? then I believe that is fighting to help the avoid foreclosure.
We as realtors should know loan mods and principal reductions do happen.
We as realtors, touting Foreclosure Prevention should Prevent Foreclosure all together, dont push short sale unless all other options have been looked at and short sale is the only option.
If your not working with a specialist who can get mods done or Principal reductions, your homeowners who want to stay in their home would be very gratefull!