The foreclosure crisis is a super hot topic these days! When there's a huge crisis like this happening around the nation, it inevitably means there is the potential of homeowners being taken advantage of. It seems that everyone, including investors and real estate agents, is attempting to procure a solution to help homeowners in need of rescue, yet so many of these homeowners are unneccesarily being taken advantage of. Due to the dire situation they're in and the sense of urgency in the matter at hand, these folks are in an extremely vulnerable position. They're getting bombarded with letters from every investor and real estate agent in town. Most homeowners are uneducated as to what their options are when facing foreclosure. When a homeowner is a few months behind, all they can wonder is if the sheriff will show up on their front door step at any minute and tell them to leave immediately. In most states, there is a process that has to be followed when a homeowner becomes delinquent on their mortgage payments and their mortgage lender files for foreclosure. Luckily, many homeowners in various states can turn to "Foreclosure Hotlines" as a resource for becoming more educated on what their options are when facing foreclosure. On the other hand, there are hundreds of thousands of homeowners that, regardless of how educated they are on what their options are in foreclosure, many have to place their house on the market and attempt to sell it for what may be less than what is owed to the bank. When this occurs, this is what is called a "Short Sale". In an effort to avoid the foreclosure process, banks will sometime accept less than what is owed as payment in full. Many banks have guidelines that have to be met before they even consider the homeowner for this type of transaction. Banks require for the subject property to be actively listed on the market before considering a short sale. Banks also require a real estate agent to facilitate the short sale transaction. Here's where the problem lies. Most real estate agents don't know how to effectively facilitate a short sale transaction. Many don't even know what a short sale is. When they attempt this type of transaction, they usually end up shooting themselves in the foot and having a bad experience. Then, they go to all their fellow colleages and encourage them not to do this type of transaction because they feel they're too difficult and because they personally had a bad experience and a transaction. Therefore, homeowners are unnecessarily facing foreclosure because many real estate agents don't want to step up to the plate, work the short sale transaction, and save them from foreclosure. Currently, most banks are so busy tending to homeowners who are delinquent that they simply don't have the time to teach real estate agents what they require in terms of the criteria needed to seriously consider the homeowner for a short sale. We have interviews many loss mitigation reps over the years and they say real estate agents are the number one source for most of the frustrations they experience in their daily tasks. If the banks aren't taking the time to teach real estate agents what they need in a short sale and how to effectively process the transaction, then who is?
America's Home Rescue, formerly Austin Home Rescue, is providing the answers that many real estate agents across America are asking. What is a short sale? How does one work? What does the bank need from me in order to consider the homeowner for a short sale? How can I avoid the frustrations commonly associated with this type of transaction? These are the questions commonly asked by real estate agents. America's Home Rescue has become increasingly motivated to educate and inform the general real estate community, especially those in high-foreclosure areas around the country. They are based out of Austin, Texas and the primary focus of their company is helping homeowners in foreclosure and educating the general real estate community, primarily real estate agents, on how to effectively do short sale transactions, earn a commission provided by the lender, and ultimately save a homeowner from foreclosure. They have been down in the trenches doing short sale transactions and representing homeowners as their real estate agent for the past 5 years. They have meticulously documented, studied, and have applied effective systems and solutions to getting these transactions closed! They have experienced the great rewards of witnessing many homeowners walk away from a potentially devastating situation and are now relaying the news across America that there is effective short sale education for real estate agents. Most of the education available on short sales is written by investors for investors. There is limited to no formal education being provided by real estate agents to real estate agents. America's Home Rescue has produced an array of solutions focused on educating other real estate professionals around the country. In fact, they have 2 TREC-approved MCE courses they offer focused on teaching real estate agents how to do a short sale transaction effectively. By doing this, their hope is that much of the real estate community will know how to effectively conduct a short sale transaction and will ultimately lead to a reduction in the foreclosure rate across America.
If there is anything you can do to help us get the word out regarding this education for real estate agents, we would appreciate any assistance you might offer. Please feel free to give us your comments regarding this post.
Please feel free to contact us at 512-261-9200 or Toll Free at 888-699-9222. You can also visit our website at www.ShortSaleSolutions.biz.
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