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POSSIBLE Short Sale Presentation

Statewide. Real Estate Auctions. POSSIBLE Short Sale Presentation. Our Process Will Help Avoid a Foreclosure and Can Delay the Process by 3-12 Months . .

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POSSIBLE Short Sale Presentation

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  1. Statewide Real Estate Auctions POSSIBLE Short Sale Presentation Possible SS Presentation. ONLINE REF C4
  2. Our Process Will Help Avoid a Foreclosure and Can Delay the Process by 3-12 Months. We cannot tell you to stop paying your mortgage but we can tell you that in most cases if you continue making payments on an upside down home the bank will not likely ever accept a short sale.

    Our Proven 4-Step System Delivers Full Retail Market Price for Your Home and Saves Your Credit.

    Our Proven 4-Step System also gets you 4-8 months with no payments. Avoids having multiple open houses and buyers disrupting your life for potentially months on end by having a sale date 14 days after you sign a listing agreement. Possible SS Presentation. ONLINE REF C4
  3. Step1 The Competitive Bidding Environment Our proven system typically produces 30-50 bidders, creating a competitive bidding environment and produces the best results possible. We invite every agent and broker in the area, as well as thousands of people in our auction database, plus extensive internet marketing. There are times when the turnout is much larger or smaller, but even if only 8-10 bidders show up, it can still be a recipe for a good outcome. We find in those homes that we only get 8-10 bidders, other people in that neighborhood would probably be overjoyed to have even one bid! Possible SS Presentation. ONLINE REF C4
  4. Step2 Five Minute Recesses Conventional real estate auctions can be over in 1-2 minutes. Ours often last 30 minutes and include 4-5 recesses. We take time to allow people to evaluate if they want to exceed the maximum number they had in mind. If a bidder is given five minutes to go outside and call their husband, wife or banker, they will very often come back after a recess with a higher bid. *Unique in the industry! Possible SS Presentation. ONLINE REF C4
  5. Step3 Buyer’s 10 Day Inspection Period & Right to Rescission Buyers have 10 days to perform any inspections they would like, during which time they can cancel and receive a full refund of their deposit. With traditional auction companies, there are generally no inspections available, nor is there time allowed for the winning bidder to cancel without losing their 5-10% deposit. By simply creating an anxiety-free bidding environment, we facilitate higher bids to achieve full retail market pricing. *Unique in the industry! Possible SS Presentation. ONLINE REF C4
  6. Step4 Overbids After Auction? The seller can accept higher offers during the short sales period. Dozens and dozens of calls come in from people wanting to know the results of our auction. We alert all these callers that the seller is obligated to take higher offers in $10-20K increments until we have written lender approval of the highest bid. *Unique in the industry Possible SS Presentation. ONLINE REF C4
  7. Fees ? In short sales, all… real estate fees taxes HOA fees Incidentals …are typically paid by the lender. Possible SS Presentation. ONLINE REF C4
  8. Mortgage Payments? If you continue to pay your mortgage, the lender will never approve a short sale. If the “asset” is over-valued, they prefer to collect your monthly payments as long as you are willing to make them. Possible SS Presentation. ONLINE REF C4
  9. Your Credit Score A foreclosure can cause a 5-year blemish on your FICO score. A short sale can be as little as 24 months – now there are new loans that may even reduce this to six months. All negotiations are subject to lender and seller’s mutual agreement. Our brokers and agents will assist you with this entire process to obtain the best possible settlement with your lender. Possible SS Presentation. ONLINE REF C4
  10. Short Sale Negotiations All negotiations are subject to lender and seller’s mutual agreement. Our brokers and agents will assist you with this entire process to obtain the best possible settlement with your lender. Possible SS Presentation. ONLINE REF C4
  11. We are a Hybrid of the Best of Auction Sales and Traditional Real Estate Brokering Possible SS Presentation. ONLINE REF C4
  12. Time Frames Our auctions require only 14 days of marketing and if time is also short we have conducted auctions with as little as three days of marketing time. Only one or two open houses are needed – or if you prefer your home can be outfitted with a lockbox and showings can be by appointment only. Possible SS Presentation. ONLINE REF C4
  13. Branding Options We understand that if you place an auction sign in front of your home, some people might make assumptions that may or may not be true. We can offer you several options: Our SREA sign Our sister company’s sign: Kroll Realty The signage of one of our affiliated Brokers Possible SS Presentation. ONLINE REF C4
  14. Any Questions? Possible SS Presentation. ONLINE REF C4
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