Signed up with National Quick Sale today.  They are a third party negotiation company 'hired by' but not 'paid by', lenders.  Everhome Mortgage is the lender who put them on me as I currently have a file into them for approval. NQS charges the Agent a $99 annual membership fee, 1% of the deal on the HUD (paid by the Agents) and then a $250 processing fee on top of that.  I asked if NQS sends out a bag of ice and Advil with this 'amazing' offer, just to help with the swelling!  I did not even get a giggle from that one.  Fact, I bet she did not even smile.

So I asked, what if I do not allow myself to be blackmailed into this incredible opportunity to be part of the coveted membership.  Answer: the bank will foreclose on my sellers and it will be all my fault.  Wow.  This is what Short Sales are coming to I guess.

Being a sucker and upholding my fiduciary responsibility to my sellers, I whipped out my trusty Realtor credit Card and signed right up.  In essence, I am now paying for the opportunity to work with Short Sales.  Did not see this one coming, I have to admit.  I just hope I get a button or lapel pin.  Maybe a secret handshake so when the BPO comes in at some ridiculous value, it will just miraculously get adjusted to reality!  Cherish the thought........

So, my plea is for everyone holding a Everhome Mortgage and is in need of Short Sale, contact me at www.shortsalesenter.com or Facebook me  cause I would like to close as many of these with NQS just to recoup some expenses!  Kinda like a buffet where you get two scoops of ice cream because it all costs the same!!

All kidding aside, we have a 95%+ closing rate on our Short Sale Files so we really do take this all very seriously.  You just have to keep you sense of humor about the whole thing or you will lose your mind!  ~Steven

 

 
Posted by Steven Senter on 03/16/2010 06:37 PM   Comments (12)   Short Sales in the Home Selling Channel   short sale, nqs  
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12 Comments on "National Quick Sale", everything but quick...

MAR
16
2010
890,962 Points 5 Featured Posts Outside Blog

Interesting company. Nice tutorials on their site. Seems like they're evolving.
8:15pm • #1
MAY
26
2010
170,449 Points

Steven - I'm curious how things are progressing on this for you and your client?
4:49pm • #2

Buyer had major problems with financing out of left field so I iced the first (National Quick Sale).  Decided to slow it down as to buy time to get the financing worked out.  Just actually got it resolved so back on fire we go with NQS.  Funny how they never call you, ever.  Hmmm. 

 

Are you working a file with them as well?
Steven
5:34pm • #3
MAY
28
2010

national quick sale is a joke.  They are anything but quick. They are AWEFUL to work with.  They are non-responsive. We have been going on for almost 7 months now.  THey are a total waste of time, AND you have to pay a fee to work with them.   
Texas Realtor
3:41pm • #4
JUN
02
2010
170,449 Points

Steven - I made the choice to continue working with the lender directly rather than go through them.
7:29pm • #5
JUN
14
2010

Smart decision to not work with national quick sale.  Everything about them sounds like a scam.  They are in debt up to their eyeballs and keep borrowing money...robbing Peter without paying Paul
Sue Smith
10:57am • #6
JUN
16
2010

I was just extorted by them as well.  I was perfectly fine negotitating my own clients short sale and needed 1 peice of information for Bank United (a copy of the homeoeners extension for 2009 taxes) and they said i waited too long to get it to them so they turned my file over to NQS.  At first i thought ok well Bank United was going to pay the 99.00 then when i entered some client info and came to the end i about died.  1% and 250 for processing.  I dont think so, thats total extorsion and i sent a nasty letter to my new so called rep.  Even if Bank United offers to pay the point becuase they're overwhelmed or something like that I'm sure they will reduce my comission so I'll still end up paying for it anyway. not going to happen!

Bottom line is, there seems to be something illegal here and I need to figure that out.  any thoughts would be appreciated.

 
Dave greek
8:03pm • #7
JUN
18
2010

NQS latest nightmare:  I had a short sale approved a few weeks back.  The buyer lost his job.  We quickly re-sold teh property and even for a little more $$.  I submitted new HUD and P/A to NQS a couple days ago ... crickets.  They informed me this AM that EverHome is pulling the plug on NQS ... so we paid to play and not sure what will happen now.  They are seeing what they can do with mine because I sent a few "over-joyed" words to them.   Anybody have any news on this?
Al Block
10:13am • #8

I too just recently heard that NQS was being released.  Unconfirmed....anyone know for sure??
Steven Senter
10:53am • #9
JUL
16
2010
230,069 Points 3 Featured Posts

Steven - they do call you. They call you on the phone to tell you if you won't pay them 1% they will let your file die in "legal"...besides stuff like that, they will keep it documentable.

I just blogged about this yesterday http://activerain.com/blogsview/1746370/bank-hired-vendors-are-now-looking-to-be-paid-through-realtor-commissions-stop-the-madness-

You are certainly not the only realtor faced with this - but if we all team against it...well maybe it can't go on...

Minna

 
7:48pm • #10
OCT
01
2010
I saw them in a webinar, couldn't believe it was true. I have now had 7 shirt sales with 4 different servicers including the dreaded Bank of America, and they closed every single one, and very quickly. They were in constant communications with me. My experience is nothing like what I am hearing here and neither is two other people in our office. We love them. There is another company called Quick Sale and there is National Quick Sale, our office loves the one called National Quick Sale.
Rich Jonhnson, ReMax
5:53am • #11
I am in Las Vegas and had a deal with EverHome, Bank United and three with B of A. I didn't have to pay the registration fee or the $250 fee on the Bank United or EverHome deals, I did on the B of A. But my gosh folks have you ever tried getting a deal through these banks before National Quick Sale. Bank United was the worse bank in the world to deal with. Months would go by and nothing would happen. I closed all 3 deals, to me, that is what maters. I also just got 2 leads from National Quick Sale for pretty good properties. For me, the 1% which I split With the buyers agent, is well worth me nit having to deal with the banks, negotiating with the HOA jerks and anyone my seller may owe. In Vegas, we love them.
Sue
5:59am • #12


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Steven Senter

Saint Charles, IL

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Keller Williams-Fox Valley Realty

Address: 1450 W Main St. Ste G, Saint Charles, IL , 60174

Office Phone: (630) 513-3901

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