EBShortSale.com

2007.11.01 | 2007.10.01

FORECLOSURES SURGE IN JULY

Marketing to Foreclosure Clients Imperative for Realtors

In August the number of foreclosures from June to July surged 93% over the same period in 2006. With forecasts of the numbers of foreclosures rising in 2008 now is the time for Realtors to seek training on working with distressed homeowners.

Florida is a prime market, being one of the five states that accounted for more than half of the nation’s total foreclosure filings. With the Senate still unable to agree on a final offer for property tax cuts and adjustable rate mortgages ripening too many homeowners are falling behind on their mortgage payments. Even with a house listed for sale homeowners are bogged down by a depressed market, unable to get offers, only leaving them to become more in entangled in debt.

Realtors in the current market need to understand the pitfalls that are many times overlooked when working with foreclosure clients. Understanding the liability that can come with foreclosure sales cannot be overlooked. Our training program and professional short sale processing services can help protect agents and brokers. Combined with our marketing and available referrals, tapping into the foreclosure market can bring agents more listings and offers, while helping distressed homeowners.

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MARKETING 101

Marketing to foreclosure clients are the best way to survive in this market. You can out perform other agents, if you concentrate on only marketing. Take the listings and move on. This is the best way to survive in this market. If you have a good base of foreclosure listings eventually you could focus on the buyers. This information is based on watching the successful Realtors that use Estate Brokers LLC for their outsourced short sale processing.

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SPECIAL ADDENDUMS ARE REQUIRED?

Working with foreclosures is like working with dynamite. A home owner should have an Attorney involved to give the listing agent a special addendum for th MLS and to consult the home owner through the foreclosure legal process. Why are so many agents taking on the liability and illegal practice of law?

2:29 pm edt

Q & A: Common questions.

WHY SHOULD I USE ESTATE BROKERS?
We have more than 17 year of experience, established lender relationships, specialized TVMP reports, we are experienced Licensed Mortgage Brokers, Licensed Real Estate Brokerage and we have inhouse legal counsel. Our Short Sale Brokerage is the most qualified company in the market today. We think short sale processing is an art. It is our opinion that an inexperienced person should not attempt to learn the art of short sale processing at the expense of a homeowner.

WHAT MAKES YOU BETTER THAN ANYONE ELSE ?
We guarantee we will use our inside knowledge, techniques, lender contacts, sale experience, ongoing persitance and do our very best with our results proven processing system.

DO YOU PROVIDE WEEKLY UPDATES?
YES...We provide weekly outlined reports, legal notes and frequent updates. We will keep you, your legal counsel or your client informed of our results and progress.

SHOULD MY REALTOR DO A SHORT SALE?
The time involved for anyone to navigation through the complicated mortgage policies along with the difficult layers is costly in time.For something this important, the risk of using someone less qualified or less experienced can be a big mistake. We feel short sales is an art. Most Realtors dont have the time required or understandng to complete a succesful short sale. Most Realtors we work with say, 'marketing is what they do best, anything more is a liability they dont want.' . .......more to come in next months article.

SEND US YOUR QUESTIONS :
Ask us your questions? Admin@EstateBrokers.org

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