REO Resume

Summary of Qualifications

Full service REO and short sale facilitator. We tailor our approach to each clients preferred method of operations. We understand what it takes to get the job done.

• Female-run
• 2 full-time listing agents, 1 full-time buyer’s agent, office manager, BPO manager, and transaction coordinator
• Serving Placer County, Sutter County, Yuba County, Nevada County and Sacramento County
• 3+ years handling BPOs, 2+ years managing both REOs and short sales
• In-house legal counsel

Provided

• Broker price opinions - interior and exterior
• Cash for keys
• List, market and sell REO and short sale properties
• Administer utilities, including electric, gas, water, sewer and trash
• Homeowner association research and contact
• Obtain quotes for repairs to get property in marketable condition
• Property maintenance, including:
  • Trash outs
  • Lawn care
  • General repairs
  • Pest control
  • Mold remediation
  • Teardowns
  • Winterize and de-winterize
• We have a comprehensive vendor network for our entire service area

Clients Serviced / Relationships

Asset Management Services, California REO Management, Clear Capital, Deutsche Bank, E-Mortgage Logic, Evaluation Services, JPM Chase Home Finance, Land America Default Services, Litton Loan Servicing, Mark to Market, Old Republic Default Mortgage Services, Premiere Asset Services, RealServ, Res.Net, Select Portfolio Servicing.

Marketing

• Online Listing/Marketing Services
  • REOTrans, Res.net, REO BOSS, Realtor.com, Yahoo! Real Estate, Zillow, Trulia, Google Base, Vast, Geebo, OLX, HotPads, DotHomes, Cyberhomes/AOL, FrontDoor, PropSmart, Oodle, and via Oodle - Lycos, MySpace Classifieds, WalMart.com Classifieds, Local.com
• Buyer Acquire/Instant Info System - Sign Rider to capture prospective buyers

Errors & Omissions Insurance

Areas of Coverage

• Loomis (95650)
• Penryn
• Newcastle
• Auburn
• Meadowvista
• Fair oaks (95628)
• Orangevale (95662)
• Roseville (95661, 95678, 95747)
• Granite Bay (95746)
• Folsom (95630)
• Sacramento (95818, 95814, 95817)
• Yuba City
• Plumas Lake
• Sutter County

Short Sale Process

What is a Short Sale?

Are you upside down on your home, facing financial hardship or falling behind in mortgage payments? A short sale may be the answer to the question you have with regards to how best to sell your property.

The short sale process is a lengthy and time consuming process. It takes persistance, knowledge, organization and professionalism. Our team is experienced in the process and successfully negotiated 20+ short sales in the past 12 months.

This is not a task to be undertaken by just any real estate agent.  As a Certified Short-Sale Professional, CSP, we have been trained to navigate through the requirements that need to be met to get all parties to agree to the short sale.  Finding a buyer is only half the battle.  Once we have an able and willing buyer, we must convince the lender(s) that they should grant you a short sale - in essence, accepting less than what you owe on the mortgage(s).

What should you expect during the short sale process?

1. We calculate the value of your property. This will be accomplished by preparing a CMA and looking at the closed sales as well as the active lisitngs and comparing the amount of short sales to bank owned and active listing. The KEY to the short sale is pricing the property right so that once an offer is received it is accepted at list price so no delays or further negotiatons will be reuired.
2. Preparation of your Short Sale Application.  The lender(s) will require a specific documents from you.  This is a critical step in the process; your short sale package must be complete and accurate.  We will counsel you on what is needed and we will assist in completing a full financial package and sending this information to the bank.
   Generally, the lender will require the following items from you:
   • Lender short sale application
   • Hardship letter - clearly outlining their financial hardship and substantiating the reasons for requesting the short sale
   • Seller’s financial statement / budget - delineating all income and expenses
   • Last 2 years tax returns
   • Last 2 bank statements
   • Last 2 paycheck stubs
3. Listing and Marketing Your Property. We will list the property through the Multiple Listing Service. We deal direct with the bank and the buyer’s agent, keeping in contact with both weekly.The buyer must be willing to deal with extended deadlines and additional demands made by your lender
4. Acceptance of short sale- We expect when taking on a short sale listing to comlete the job with an accepted offer, full short sale approval, and release from all further deficiency balance. We will obtain a short sale approval letter which serves as a legally binding document to assure all parties involved our job has been completed.

Summary

As Certified Short-Sale Professionals, we  can handle the challenge of short selling your property and prevent you from succumbing to the many pitfalls that can beset those who are not familiar with the process.

Contact us today for free, no-obligation analysis of your home’s value and short sale consultation