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ICG, Real Estate Professional in Chicago, IL

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ICG

11 Helpful Answers
16 Answers
2 Blog posts

Agent

Locations:

Chicago

Web sites:

Advanced Real estate Techniques

Profile Link:

http://www.trulia.com/profile/id/116879

Overview

Q&A (17)

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About:

After close to ten years as a mortgage lending executive, my partner and I decided to take our insider knowledge and apply it to short sales. We started After close to ten years as a mortgage lending executive, my partner and I decided to take our insider knowledge and apply it to short sales. We started with our own investment acquisitions, and as word spread of our success, we began to be approached by other investors and agents asking for help with their short sales as well. We then developed THE ICG METHOD. This is the culmination of several years of perfecting the short sale process. We do things different. Heard that you can't do a short sale with no purchase contract? BOGUS! Can't do a short sale with no delinquency? NOT TRUE! Can't get paid your full commission? INCORRECT! Short sales take forever? NOT EVEN CLOSE! Can't control a banks BPO? I CAN! Yes, these horror stories are all true-If you do not know what you are doing.
The ICG method allows you to devote the time to doing what you do best - Listing and selling homes, setting up closings, or analysing properties. We will take care of the short sale for you. We don't interfere with your listing agreement, we don't interfere with your title or attorney relations, we simply do the short sale for you, acting in concert with agent/investor, seller, and attorney.
Contact us today to see how working with ICG can help you grab this expanding market, and do it profitably. After all, almost 20% of MLS listings are now foreclosure related - How much of that money are you leaving on the table?
Agent/Broker Short Sale
We are experts at agent/broker short sales. In a nutshell, we will work with you to determine what true current market value is. Now this is where many agents go wrong. I don' want to know what you think the property "should be worth," I don't want to hear about what it used to be "worth," and I certainly don't care what the seller wants it to be worth. I want you to determine what listing number will generate an offer TODAY. We are only asking the lender to discount to where the market will respond with an offer. This is usually less than 20% discount, and they usually go fast. Since we start the process way before an offer is generated, by the time one comes in, we are 75% of the way done. This is why the ICG METHOD prpoduces fast results on average. For agents, we can claim an 90% success ratio. Anyone who says they can close them all, or guarantees a close, is either lying or does not have a large sample to work with. Joseph C. Alfe is a licensed REALTOR with Century 21 Sketchbook, Cary, IL
Investor Short Sale
These are the fun ones. When we work for an investor, we will sit with the buyer and the agent and form a stratagy. We need to be clear what type of property, what the numbers analysis will be, and what the investor is willing to pay. The agent then goes and finds a suitable property, and I go to work. Unlike an agent short sale, my goal here is to take the banks head off. My directive is to produce a profit spread for the investor. This is a totally different ball game. These will take longer amounts of time, and they require a greater amount of work, and you can bet the lender will fight us at every turn. The results, however, are so worth it. ICG has a 47% Discount Average when working for an investor. At todays depressed values, getting an additional discount of 30-40% off? How can you beat that? The answer is, you can't! ... show more

Recent Q&A »

a friend of mine has had a house on the market for almost two years. If he drops the price any lower, he will

Asked Mon Jul 6 2009, 03:34 by Cda - Home Selling in Chicago - 2 answers

ICG answered:

A short sale is the answer, and you do not have to be delinquent in order for a lender to consider a short sale. More info on my blog: http://www.short_sale_expert.activerain.com - Mon Jul 6 2009, 08:51

Recent Blogs »

"Short Sales"

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"Short Sales-Procedures Part One"

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