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The 24 Hour Short Sale

By
Services for Real Estate Pros with Real Estate Solution Providers LLC

Introducing The...

Expired Short Sales

YES! You read that correctly...
You can now obtain a short sale approval in as little as 24 hours!
*Please note: some banks do NOT sell single notes. Some of these banks include: Bank of America, Wells Fargo and some of your larger banks. This is ideal for small to mid-size banks.

What's this about?

Real Estate Solution Providers (RESP) and affiliates have teamed up to offer agents an excellent alternative to these grueling short sales. RESP is in the business of purchasing notes from banks.

What does this mean?

This means RESP becomes the bank.

How does this benefit Agents working on short sales?

RESP can give you an approval for short sale extremely fast (typically 24 hours!). There's no waiting months for an approval or dealing with computer systems like Equator.

How does this benefit the seller?

The seller receives FULL debt relief without recourse (i.e./ no deficiency judgments or promissory notes)

How this works:
  • Agent has a pending short sale and can't seem to get a response from the bank or the necessary approval for their buyer
  • RESP attempts to purchase the note from the lender*
  • Once acquired, RESP provides a lightning fast approval for the pending Short sale
To get started immediately, send an email to info@respnj.com.

Please include:
  • Current status of your short sale
  • Number of lenders and their names
  • Fair Market Value of property and the current offer


*Please note: some banks do NOT sell single notes. Some of these banks include: Bank of America, Wells Fargo and some of your larger banks. This is ideal for small to mid-size banks.

 

Show All Comments Sort:
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

Hmmmm......I note the disclaimer at the end. That should have been the first thing to mention....

Mar 17, 2011 02:40 PM
Joan Valverde
HomeSmart - Colorado Springs, CO
GRI,CDPE,CNE,MRP,SRES Colo Sprgs, Blk Forest, Monu

Ryan I am not working on any short sales at this time, but this would be a great solution.  I have heard some about this note buying.  It sure would be nice for sellers, to get results!

Mar 17, 2011 02:42 PM
Ryan Paliukaitis
Real Estate Solution Providers LLC - Rockaway, NJ
Cash Home Buyer

William: Updated post.  If we could buy notes from every bank, ALL of our short sales would be a breeze ;]

 

Joan: Yes, we hope this brings on a new way for us to network closely with agents.

Mar 17, 2011 02:45 PM
Thomas McCombs
Century 21 HomeStar - Akron, OH

I would be interested to hear about some deals that you were able to do.  Email me off AR to continue this conversation.

Mar 17, 2011 02:53 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Interesting... I worked with short sales for years and never had a ''short'' short sale. 

Oct 01, 2017 08:40 AM
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Ryan Paliukaitis

Cash Home Buyer
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