IF YOUR CLIENTS ARE FACING FORECLOSURE… WE CAN HELP!
Homes in the foreclosure process sold at an average 27
percent discount in the first quarter as almost a third of
all U.S. transactions involved properties in some stage of
mortgage distress, according to RealtyTrac Inc. A total of
232,959 homes sold in the period had received a default or
auction notice or were seized by banks, RealtyTrac said in
a report today.
The discount reflects the average sales price of homes in
the foreclosure process compared with the average sales
price of properties not in distress. About 31 percent of
all U.S. sales in the quarter were of homes in some stage of
foreclosure, RealtyTrac said.
How many of those 232,959 homes were your deals?
There were more than 250,000 new bank seizures in the first
quarter. This means there are more properties that will be
sold at distress prices than the market can bear which
creates a great opportunity for you to help out many of the
struggling homeowners out there and make a huge profit in
the process.
You make 10 times more profit on a luxury home short sale
and it’s less work and easier to do. The reason is because
the banks are afraid of foreclosing on luxury homes and
larger mortgages hurt their books much more than smaller
mortgages. This is why they’re more motivated to do short
sales on larger mortgages. The bottom line is they approve
them faster and the discounts are much bigger because they
want to get them off their books as soon as possible.
Now, this is why we should be working together as a team to get
your deals closed.
Benefits for the Real Estate Agent:
- We guarantee your commission and will also pay additional bonuses.
- Eliminate time spent on short sale negotiations while increasing time
spent on listing and selling properties.
- Our team will also negotiate short sales on over-leveraged properties
that are NOT late on payments.
Benefits for the Home Owner:
- Remain in your home during the short sale process.
- Can walk away with no further financial obligations.
- A short sale is less damaging on your credit score than a foreclosure.
Call (314) 653-2200 NOW!
Get your deals done, your clients helped and your checks cashed!
