- Name
- Kenny Wagner
- Company
- The Foreclosure Mitigation Company
- E-mail
- Contact Kenny Wagner (The Foreclosure Mitigation Company)
- Website
- http://www.TFMCpartners.com
- Office Phone
- (702) 483-0890
- Cell Phone
- (702) 204-3945
- Fax
- (206) 971-5033
- Address
- 207 S. 329th Court, Federal Way, WA, 98003
- Description
- We Partner with Realtors - We Buy Short Sales & Foreclosures. We Handle All The Negotiations With The Lender For A Successful Short Sale Transaction. Saving 1 family at a time from foreclosure!
Short Sale & Foreclosure Specialist
The Foreclosure Mitigation Company is a nationwide company that directly, and in partnership with Real Estate Agents, helps homeowners who are involved with the unfortunate circumstance of a foreclosure and who need to sell their home as a short sale.
We are a team of real estate agents, real estate investors, attorneys, title reps and loss mitigation specialists that take our job of helping the homeowner who is in foreclosure very seriously as well as adamant about simplifying the process for real estate agents, investors, attorneys and mortgage brokers who are involved.
Please call us to learn what your options are and to let us know how we may help.
Kindest Regards,
Kenny Wagner
The Foreclosure Mitigation Company
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Foreclosure? No Equity In Your Home? Behind On Payments?
Hello Neighbor,
If you find yourself in a position where you owe more than your home is worth and you need to sell, a short sale may be your best option. But don't get taken for a long, stressful ride by a self proclaimed 'expert'...
"What is a short sale?"
Simply put, a short sale is a real estate transaction where the homeowner owes their lender more than what their property is worth and they need to sell. In a short sale, the lender must approve and accept less than what they are owed as full payoff (this means they may settle for $400,000, even if you currently owe them $500,000...even if the loss is hundreds of thousands of dollars).
Are you facing a financial hardship that you know will decrease your income?
Are you getting behind on your mortgage and you're not sure if you can catch up?
Or do you just need to sell quickly but your home is worth less now than when you bought it?
If you are facing any of the situations above, and you think a short sale might be your best option, then read on. If you're still not sure and just want more info, then email us to request a free copy of our article "The 9 Alternatives When Facing Foreclosure"
Don't worry. It's not your fault...
You gotta remember, we've all had our ups and downs in life and a lot of other good people are also in the same tough spot as you. Life seems scary when you're facing the reality of foreclosure and I know how you feel when you just don't wanna answer the phone any more...
We all agree that we're in the middle of a national mortgage crisis and that, in many cases, homeowners who have bought or refinanced in the last few years have been seriously abused by unethical lending practices!!
You bought your home and hoped (like we all did) that it would increase in value (and some folks were even promised it would!), but most likely the harsh reality is that now your home is worth less than when you bought it and the value is still declining sharply.
I've helped hundreds of homeowners in this position to get the help they deserve. I've also, helped train hundreds of real estate professionals both locally and across the nation to do the same for their clients.
It's sad but true!
Did you know that nearly 90% of the homeowners nationwide who try to "short sale" their home will end up losing their home to foreclosure due to an uneducated or lazy agent?
Don't allow this to happen to you!
I hate to say this about my fellow agents, but the majority of them that are "trying to help" have not been properly trained and sadly, they are misinformed as to how to even negotiate with lenders. Some even get so far as to submit your 'short sale packet' and then just sit back and wait for a response! In the end, they simply don't know how to help you and you will become one of those "90%" that were not helped.
"Short sales are not easy!"
...unless you seek the help of an expert agent with a proven track record. I have been personally trained by a former Chief Loss Mitigator who is a career loss mitigator and asset manager with 20 years in the business (he is ultimately the guy at the bank who accepts or declines short sales). Actually, I went so far as to make him my partner and train my entire office. We are now helping save even more folks from foreclosure.
We have successfully negotiated short sales for hundreds of families and as you can see from my recent approval letters below (I swap out some of my recent approvals every couple months, so you will notice these will have been from within the last 90 days), we actually get the banks to say YES to our short sales. Before you agree to have an agent help you sell your home, ask him/her to show you just one short sale approval within the last 6 months... I doubt they can.
The best part is, my business partner, has taken his tips and tricks from working INSIDE THE BANK and taught my team and I exactly how to ethically BEAT THE BANK... 93.2% of the time!
My partner most recently worked for IndyMac Bank, a top ten lender, as the head of their HELOC loss mitigation division. His insider knowledge and broad base of industry contacts allows us to get our approvals faster than any other agents in Southern California! In fact, we are constantly solicited by agents nationwide to 'help them' get their short sales approved.
Now it's up to you...
I am ready, along with my team of experts, to go to battle for you. Are you ready to take a serious look at your options and see how a short sale can help you:
- Avoid paying TAXES on the money the bank loses at foreclosure! (Yes, you may have to pay taxes on the amount of loss to the bank if the home goes to foreclosure!)
- Save your credit from the "Foreclosure" ding
- Avoid Bankruptcy
- Avoid Foreclosure
- Relieve the stress that this financial burden has become
- WITH NO OUT OF POCKET FEES OR ANY UP FRONT COSTS OF ANY KIND! …or in other words, you pay me nothing and if I do my job and save you from foreclosure, only then will I get paid by the lender!
If you have any questions that will help you better understand how the short sale process works, please contact me directly.
Kenny Wagner
Short Sale Specialist
Foreclosure Mitigation Specialist
The Foreclosure Mitigation Company
702-204-3945 Direct
206-971-5003 Fax
See Below for a sample of successful results...approval letters for short sales.
![]( "Countrywide Approval")
Not all agents can do a short sale and not all people qualify for our help. I am here for you if your situation meets the following criteria:
- You have a valid hardship
- You have little or no equity in your home
- You are unable (or soon will be unable) to pay your bills on time
- You want to work with an expert
If you're not sure and just want to find out if you qualify, give me a call and I will walk you through your options. Believe it or not, you may just need help getting a temporary reduction in your payments to 'catch up'. In any case, call me to talk about the several options that you may not be aware of.
If you don't know what else to do and you don't call me at 1-702-204-3945, what will it cost you in damaged credit, frustration and stress? If I am unavailable when you call, I have my assistants taking calls from 6am to 10pm Pacific time Monday through Saturday.
I know how you feel and I can help.
Sincerely,
Kenny Wagner
1-702-204-3945
KennyWagnr@gmail.com
P.S. Don't let the lender's abusive scheme take advantage of you and cause you to lose your home to a foreclosure auction! Save your credit and have peace of mind dealing with an expert.
P.P.S. If you are still not sure, call me directly to see what I can do for you AND at the very least learn what your options are.
See Below for a sample of successful results...approval letters for short sales.
Real Estate Agents - Turn your short sales into Profits!
What's In It For You-A Realtor? - IF...You Work with Me A Short Sale Investor
Hi All ~
Kenny here...
I am looking for 2-3 key Realtor partners in the following states - WA, OR, CO, CA, NV, AZ & FL. With that said, I have written this to give you an overview of what I do and how I work with Realtor partners and most importantly...What's In It For You by working with me.
What I do, in a nutshell, is I buy pre-foreclosures, foreclosures & short sales with the sole intention of reselling the home immediately to an end buyer for profit. I only make money when I can create equity from the short sale. And how I find these short sales to buy & sell, is by exclusively partnering with Realtors. By working with me...you make your full commission (3%-6%) with an opportunity to make an additional bonus and you work less.
My Short Sale Criteria & How I Work Short Sales
My short sale criteria for consideration are as follows:
• Market value of $300,000 minimum, no maximum
• Higher End Preferred - ie min. $200K above Median Price Range
• Pretty House / Desirable Area - No Ugly Homes/Rehabs
• Multiple mortgages/1st & 2nd with a large 2nd mortgage - preferably same lender
• The seller must be in imminent default
• Sellers must want to sell their home and move on.
• Sellers must be cooperative on the collection of the short sale info required.
In addition, if the above criteria is met than the next part of the evaluation is:
1. What are the comps?
2. What in your gut do you feel the house will sell for in 90 days?
3. Can you sell it?
After looking at a few deals you will really to get to know what fits, however, I will initially look at ALL (i.e. less than $400K) of your or anyone's short sales so you can get a feel for what kind of short sales I want and how I evaluate them.
My Process:
I will purchase the property directly from the homeowner. I will start the negotiations immediately. You will immediately list the property for me. And since you are listing the property for me, I can guarantee you a full commission because it isn't subject to the short sale & the lender discounting it. I will have you start the listing at the top end of the market to show the lender good faith that we are trying to get as much money as possible. Moreover, to develop a listing history, I will then want you to drop the price by 3-5% every 2 weeks until we find that end buyer. The market determines what the house is worth and the listing history will help the lender see this. By the time we find that end buyer, because of me sending an offer in immediately, a BPO or appraisal has already been ordered by the lender, my offer has been assigned to a negotiator and we're close to getting mutual acceptance. It's all in the timing. This significantly shortens the time line on closing the short sale with our end buyer which is a great selling point to an end buyer and buyers agent. And if we still have no end buyer but we know what the lender/investor wants, the listing can change to "lender verbally approved just need full price offer to move forward for quick closing"
How I finance:
I have several sources that I use. I primarily use private money and a warehouse line of credit which is used as transactional funding for quick turns.
When I purchase:
I will close on the property when I have an end buyer regardless if there is any profit or not. I realize as an investor not every deal will have a spread and my primary purpose is to stop the foreclosure for the homeowner & close the deal. i.e. If the banks BPO is too high or the investor who owns the loans is unreasonable regardless of the stats we have to justify my offer and we have an end buyer with a price they will accept, I will close directly from seller to new buyer and you still get paid. Typically I get paid directly by the lender or through seller concessions or a combination of both. If in the slim chance neither of these options happen, I will then ask the agents involved for a small consideration ($500 ea) for working hard to close the transaction. This would be the only time I would ask for this. If I am able to make a profit via a resell the agents will get their full commission and depending on the spread I will give a bonus which potentially could be an extra 1-3% for a total of 7-9% commission. I don't ask for a submission fee or a portion of your commission to negotiate as you are finding with "negotiation service companies". I find a lot of these companies are glorified "loan processors" with no finance & negotiating skills and they don't know how to justify offers hence the poor success rate.
And Did You Know That Most Short Sale Agents who "do short sales" Have A 90%+ FAILURE Rate When Negotiating Short Sales According to the National Association of Realtors? That Means The Average Agent Will Only Get 1 Or 2 (at best) Out Of Every 10 Short Sales To Work. I Have A 90%+ Success Rate When Closing Short Sales Transactions. See A Sample of My Short Sale Approval Letters Above. If Considering Another Agent or Negotiation company, I Advise Asking Them For Their Most Recent Approval Letters From The Banks Showing They Can Get The Job Done... Most Can Not.
My Success Rate Is So High Because I Have Been Specifically Trained On Short Sales by THREE of the Most Well Known Top Loss Mitigators in the Country & A Top Short Sale Attorney - (Jerami King - KK Consulting; Suzanne Erickson - American Loss Mitigation; lee Honish - Short Sale Genius & Jeff Watson - Top Short Sale Attorney) On How To Negotiate A Settlement With Your Current Lenders So You Can Sell The Property, And Get Out From Under This Burden. Best Of All, My Commission Will Be Paid By The Bank, So You Won’t Have Any Out-Of-Pocket Expense!
And again, Best Of All, My Compensation Is Usually Paid By The Bank, So You Won’t Have Any Out-Of-Pocket Expense & You Keep Your Full commission.
My spending cap:
I don't have one. Regardless of the price point a short sale is a short sale and I find that lenders seem to be more willing to get the higher loan amounts off the books. I not only do Residential but also Commercial.
Who is the buyer:
I, or an Investor, is the purchaser of these homes. I am affiliated with a group of professional short sale investors. We don't buy short sales together per se. We meet regularly via teleconference (as we're throughout the U.S.) on strategies and best practices to complete successful transactions as the landscape is constantly changing and this is why I am good at what I do. I am not interested in holding any property (especially in this market) so I am not interested in holding any notes et al. I first started investing in 1989 in the Seattle area with "The Investors Edge", a foreclosure newsletter group, and I have done the rehab & landlord thing and it's not for me.
What is my market:
My market is WA, OR, CO, CA, NV, AZ & FL although I am always open to other markets provided I have a GREAT Realtor partner who knows their market. I currently have active short sales under contract in NV, WA, & CA with "pendings" in AZ & FL.
To wrap it up:
· No fees or costs of any kind to you the Realtor or the seller in default
· We will purchase the home & start the negotiations immediately
· You get your full listing commission when we resell
· We negotiate with our offer - it saves time; increases success rate
· You as the Realtor will retain the listing and your client
· No more long phone calls and frustrations dealing with loss mitigation
In other words…
- We will purchase the property.
- We do the short sale negotiations.
- You list and sell the property.
What's In It For You:
You have the potential for more commissions - up to 9% total including a bonus
It’s that simple!
You get to do what you do best:
· Find Sellers
· Find Buyers
· Market and List properties
I make money when I buy distressed short sales, create equity with the lender and then resell to an end buyer.
It's win-win for everyone.
Another way to look at this is in this way:
If it takes you 25 hours to sell a home for a $12,000 commission, then your hourly rate is $480 per hour. If you were to also handle all the other aspects of the short sale including the negotiations and that took an additional 25 hours, your hourly rate would then drop by 50% to $240 per hour not to mention that you've taken time away from marketing and getting more listings which is hard to put a price on. I'm looking for a Realtor partner who understands the value of individual expertise, segmentation of duties and equitable partnerships to accomplish more.
Should we work together, I will provide you with all my short sale documents for you to use when contracting the homeowner/seller. I will give you an online "RSS Feed" (Online Link to a Webpage) that will keep you up to date on your short sales in progress so you can check it anytime to see the latest notes & updates from negotiations.
I hope I've answered your questions and that this email helps you understand a little more about how we would work together.
Here's to good things for the rest of 2009 & coming 2010!
Best,
Kenny
Kenny Wagner
Short Sale Specialist
Foreclosure Mitigation Specialist
The Foreclosure Mitigation Company
1-702-483-0890 Direct
1-206-971-5003 Fax
kenny@tfmcpartners.com
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