Pre Approve Your Buyer, don't just Pre Qualify them !!!

With all the recent drama surrounding the fallout of the mortgage industry I wanted to extend a personal invitation to fellow ActiveRain members, area REALTORS ®, and customers throughout the State of Florida and 37 other states as seen in the graphic to the right here... 

Recently my real estate team has been the victim of these "Pre-Qualified Buyers" several times unfortunately who at the last minute before the financing contingency expires all of a sudden are unable to obtain financing leaving our sellers with a property that has been placed pending for almost 3 weeks and now is back on the market missing out on 3 weeks of potential buyers.

None of us like to play games with brokers that play the let's keep throwing the loan file against the wall till we find a "Mikey Likes It Lender" and then run out of time on the financing contingency...

As a fellow mortgage professional my special offer to you is the following:

Call Trust USA Mortgage to Pre-Approve Your Buyers before you take them out on the street to look at real estate.  Now I'm not referring to the typical "Pre-Qualification" that many other places of business offer that we all know are at times not worth the paper they are written on unfortunately.

What I'm referring too is an actual commitment from the lender.  This means that your buyers' loan file has actually been reviewed by an underwriter and the only conditions remaining to clear should be an executed contract for sale and purchase of real property and the appraisal of said property.

Now this may take an extra day or two before you take out your buyer but wouldn't you want a solid customer riding around in your car... rather than one who is going to occupy your time and fall apart three weeks later?  We run our business on TRUST and know that your time is valuable.

As the agent you can assist in making the process go faster by prepping your clients to have the following documents ready even if they are using their own lender to make the sale a more efficient process such as:

• Two Years of Employment in the same profession or education leading to present job.
• Two Recent Pay Stubs - From all employers or sources used for qualifying income.
• Two Previous Years W2's or 1099's and two years tax returns if possible.
• Two Months Bank Statements - All accounts and all pages used for asset verification.
• Stated Borrowers may require additional documentation if self employed by providing a letter form their CPA and evidence of their company business.
• If using other loan types such as SISA, SIVA, NIV, No Ratio, or No Doc varying types of documentation may or may not be needed.

In addition to working as a REALTOR® I also work as a Licensed Mortgage Broker with Trust USA Mortgage Corp.  Trust USA was established by our CEO Ron Davidson in Miami, Florida in August of 1994.  Since that time we have grown from a small ambitious company into a competitive full service Licensed Mortgage Lender with branch offices in Fort Myers FL, Brickell Avenue Miami FL, and Hallandale Beach FL. http://www.305loans.com/aboutus

We adapt to our customers based on their mortgage needs from first time homebuyers to people with unique credit (what most people call bad credit) to the upper end of our market of multi-million dollar homes and project lending in several developments throughout South Florida and Southwest Florida.

If I can be of assistance to you please contact me as soon as possible.

Thanks in advance,

Scott Slocum
Licensed Real Estate Sales Associate (REALTOR®)
Sellstate Achievers Realty Network
Licensed Mortgage Broker
Trust USA Mortgage Corporation
Primary: 239-340-1384
Scott@The-Extreme-Team.com
http://www.scottslocum.info/
http://www.activerain.com/scottslocum
http://www.the-extreme-team.com/ - Join our Pre-Foreclosure & Short Sale Notification List

"Copyright © 2007 by Scott Slocum. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed without the written consent of the author."