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Solutions for Bank REO and Pre-foreclosure Properties

Solutions for Bank REO and Pre-foreclosure Properties. Presented to:. The Marketplace. The Real Estate housing market is in crisis: Banks are facing massive loss of revenue due to foreclosure volumes and write-downs. Fewer Buyers in the market due to Mortgage tightening.

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Solutions for Bank REO and Pre-foreclosure Properties

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  1. Solutions for Bank REO and Pre-foreclosure Properties Presented to: SellMyHouse.com - Proprietary & Confidential

  2. The Marketplace • The Real Estate housing market is in crisis: Banks are facing massive loss of revenue due to foreclosure volumes and write-downs. • Fewer Buyers in the market due to Mortgage tightening. • House Values Declining • Homes total days on market are increasing • Alternative solutions are required to reduce bank losses from vacant foreclosed property and extended liquidation timeframes. SellMyHouse.com - Proprietary & Confidential

  3. A retail and wholesale solution to REO and Pre-foreclosure liquidation. Wholesale Solutions: National Investor roster for both residential and commercial property. Retail Solutions: Combining both an MLS option with an auction format to maximize the Banks potential to sell a property to either retail or wholesale buyers. Pre-Foreclosure Solutions: Minimizing risk by beginning the liquidation phase at the default notice stage. National Affiliate Network of Realtors utilized in every transaction. Affiliate list includes Remax, Century 21, Coldwell. Why JKR & Associates/Sellmyhouse.com? SellMyHouse.com - Proprietary & Confidential

  4. The Process • Traditional MLS sales techniques are utilized during the auction advertising period to seek retail buyers who traditionally pay more for property than a wholesale investor. • Begin advertising the property for sale and set an auction date. • All bidders are pre-qualified prior to auction. • Both an onsite and online auction format are utilized the day of the auction to maximize potential sale opportunities. • A contract is written and earnest money is received upon an accepted offer. • Traditional closing procedures will apply. SellMyHouse.com - Proprietary & Confidential

  5. Benefits to the bank • Reduce write-down and admin costs by selling early in the process versus waiting until the foreclosure. • Owner stays in home during the pre-foreclosure stage until a sale, reducing the risk of further damage to property and keeping them engaged to resolve the situation prior to actual foreclosure. • Potential to retail the house during advertising period while on the MLS increasing net to the bank. • Auction offers a finality resolution date. SellMyHouse.com - Proprietary & Confidential

  6. Contact Information SellMyHouse.com/JKR & Associates Inc. (888)557-2772 Toll Free (217)476-3345 Office (309)279-0982 Fax BusinessDevelopment@SellMyHouse.com www.SellMyHouseAuction.com SellMyHouse.com - Proprietary & Confidential

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