Lenders
|
Financial Institutions When faced with non-performing assets, effective and efficient loss mitigation is the key to surviving these challenging times in our financial markets. In a recent survey, Freddie Mac (FRE) said that the average foreclosure proceeding costs $58,000 to a mortgage lender. Our goal is to offer you an effective strategy to "cut your losses", by facilitating short sales from experienced and ethical REALTORS® utilizing an effective, streamlined process. By also using cutting edge short sale strategies and technologies, the agents in our network can bring you a higher Return On Investment and possibly increase your servicing ratings. |
|
"Preventing Foreclosures One Home at a Time"
- Borrower Qualifications -
All borrowers are thoroughly screened to pre-qualify for a short sale. They are given all required lender short sale forms and documents, and asked to have all documents available immediately for their assigned agent. The ability and willingness for a home owner to prove a hardship is pivotal in accepting a new customer. We also keep in close communication with the borrower and REALTOR® partner throughout the short sale process, utilizing a strict follow up program, in order to encourage close communication and accountability with all parties.
- REALTOR® Qualifications -
Only the best and most experienced short sale experts from around the country stay in our network. Our Realtor partners are screened based on experience, responsiveness, consistency and ethics, in a system similar to REO-Trans/Equator. We believe that many "short sale investors" or "home buyers" do not work in an ethical manor or operate within the law. All of our REALTOR® partners must agree to strict ethical standards, far above the industry standards. The agents in our nationwide network work only off of real estate brokerage fees, and agree to never charge a home owner compensation for their services. While having one of the designations such as CDPE (Certified Distressed Property Expert) or CSSS (Certified Short Sale Specialist) is important, it is our belief that there is no substitute for experience. Our average agent has completed over 50 short sales. In order to offer customized service, the agents in our Nationwide network can follow special criteria set in advance by members of our "Preferred Partner Program".
The Short Sale Specialist Network is part of First Coast Realty Associates, a licensed and active Florida Real Estate Brokerage Company. We are ONLY compensated from a referral fee from the REALTOR® partners in our network at closing. This is a percentage of the listing brokers regular real estate brokerage fee, and is at no additional cost to the borrower or lender for our services.
We would like to thank you for considering the Short Sale Specialist Network to serve you and your customers.
Join our "Preferred Partner Program" by sending your clients to The Short Sale Specialist Network
