Go figure. They don't own the property but still they are hiring listing Brokers. I know this because I was hired last week to list a Kissimmee Florida Short Sale. Now technically the owner is the one hiring me but the reality is the entire transaction is being managed by the asset company.
From what I have been able to gather it seems these asset companies are approaching the lenders and are cutting deals to handle distressed properties before they are even foreclosed on. They agree a NET figure with the lender then contact the delinquent borrower and offer to help them out with a low documentation short sale. The only catch is that the borrower has to use their services. Then the asset company locates a Broker in the area to list the short sale and find a buyer. They found me through Equator.com
Now folks I have mixed feeling about this. My first thought is "What the hell? Just what we need. More folks jumping between us and our sellers!!"
My second thought is "Hmmmmm. So I can sell a short sale and get paid without having to deal with the lender? Sweet!!"
Why is this happening? Well it makes sense. These asset companies already have relationships with the lenders through their REO departments. Who better to step between us and the consumer?
And I'm sure Lenders are fed up with dealing with agents that are clueless about short sales. I mean let's be honest, we had our chance and we blew it. Almost 5 years into this mess and the bulk of agents still don't know how to handle a short sale transaction. But of course that doesn't stop them from listing them. They list them. Then they submit shit to the lenders. The lenders get frustrated (as do the agents that know what they're doing) and start looking for solutions. They get approached by companies they already have relationships with and BAM!! ....we get booted.
I don't blame the asset companies one bit for taking advantage of this. They saw an opportunity and they seized it. That's what businesses do
Our opportunity is to start building relationships with asset management companies. I know I am. Are you?
Are you facing foreclosure in Florida?
Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.
Want to find out more? www.CentralFloridaShortSales.com
***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.
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Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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