| Real Estate Agent Frequently Asked Questions... Q: What is a GPS “Realtor Affiliate?” A: A GPS “Realtor Affiliate” is a licensed real-estate agent who identifies a homeowner with an “unsellable” house and refers the homeowner to GPS for workout assistance. Q: What makes a house "unsellable"? A: Any number of reasons could cause a house to be "unsellable." Currently the #1 reason is that the homeowners are facing a financial hardship situation, want to sell their house, BUT owe more on their loans than the house will sell for; they can't reduce the price and thus are considered "upside down." Other reasons could include: divorce, death, job loss, failed investment, etc., etc., etc. Q: Is this just another ‘short sale’ service? A: GPS is a Loss Mitigation Firm – we reduce losses associated with mortgage delinquencies by partnering with homeowners, realtors, and lenders in an effort to find alternatives to foreclosure and other hardships. Our #1 goal is that the homeowner gets a “fresh start” and we will even reduce our profit requirements if it will help the homeowner gain a better chance to overcome their hardship. In addition, unlike 99% of loss mitigation firms, GPS does NOT require your homeowner’s deed. We get most of our leads from realtors like you -- agents who could most likely try to work the short sale themselves, but who don't have the time nor inclination to deal with the hassles of working directly with lenders. GPS understands what is takes to successfully negotiate with lenders, and realtors recognize the benefits of using a professional loss mitigation firm to step in and handle the negotiations for them. CLICK HERE TO VIEW ACTUAL APPROVAL LETTERS FROM GPS Q: HOW MUCH can I get paid? A: This depends on what you want to do. 1) Are you able & willing to keep the listing and market the property as a pre-foreclosure by working with GPS? Can you help your homeowner gather a few simple documents so GPS can work directly with their lenders? If so, then you'll earn the Listing Agent Commission authorized by the lenders at closing (currently most lenders are approving single-sided commissions of 2, 2.5, and 3%). 2) Can you help us find a final buyer? If yes, then you’ll earn the Buyer’s Agents Commission authorized by the lenders at closing (again, most lenders are approving 2-3%). Q: Do you already have a seller AND a buyer and just need GPS to negotiate the short sale for you? We'd be happy to provide this service. In return, we would ask the lender to approve a Loss Mitigation Fee. (Please click here for our current LM Fee Schedule, CLICK HERE for Contract FAQ's, and CLICK HERE for a Dear Buyer Letter- this will help you to explain the short sale process to your buyers - we suggest you post this letter on your MLS link to save you time). 3) Do you have a seller in need but NOT a buyer? That's ok, GPS can still assist you and your seller. Click here to learn about the Advance Negotiations Option with GPS. Q: Why don't I just do all this myself or use a Title Company or Attorney to handle my short sales? A: You very well could. Many realtors have recently gotten involved in the pre-foreclosure solutions business to attempt to help their clients. Some have even been able to successfully complete a short sale or two. And there is nothing stopping you from doing the same. In fact, GPS encourages you to do just that and we even offer a GPS Coaching Service to help guide you - click here to learn more. HOWEVER, if you're like most realtors, you'll probably quickly discover that it's not as easy as that 3-hour in-house training course at the office made it seem. You'll probably quickly learn that dealing with the various lenders is both time-consuming and frustrating -- and that's IF you can actually find the right department and person at the banks to talk to! The truth is that, if you're like most realtors, you'll soon realize that your time is too valuable to spend on the phone with the banks. You want to be out in the market doing what you're best at: working with homeowners and buyers and selling houses! You can't sell a house if you spend all your time on the phone with the banks. As for using Attorney's and Title Companies to process short sale, this too is a viable option and one that can be very effective, however there is a limit to the capacity which legal firms and title companies can handle. In addition, working short sales is not their primary business and thus not something which they can devote full time hours to. At GPS, our processors and negotiator work on loss mitigation cases FULL TIME - this is all they do. At GPS we have the time, resources, and expertise to help you get your short sales completed and we are very successful at what we do. That's why smart realtors refer their files to GPS -- they let the professionals at GPS handle the negotiations with the lenders, thus freeing themselves up to find even more homeowners that need their help. It's truly a win-win-win for everybody! Want to learn more? Click here to read the article "Anyone Can Do a Short Sale." Q: HOW does all this BENEFIT ME? A: Only you can decide that… 1) Convert “unsellable” listings into SALES! 2) Save your time and marketing money to spend on the listings you CAN sell! 3) Take action to help your homeowners in need find a REAL SOLUTION to their problems! 4) Be Free to work on building your real estate business again instead of being tied down faxing paperwork to lenders. 5) Become a HERO to your HOMEOWNERS! READY TO BEGIN? CLICK HERE NOW. |
| Genesis Property Solutions, LLC "Creating New Beginnings for Homeowners" Let GPS guide you to a fresh start in life, too! |
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| EMAIL GPS gps@genesispropertysolutions.ORG |
| FAX GPS 813-200-3324 |
| Copyright Genesis Property Solutions, LLC. All rights reserved. commissions. In addition, GPS is also not a legal, accounting, commissions. In addition, GPS is also not a legal, accounting, financial planning, or investment management organization and does not provide legal, financial, investment, or accounting advice. If you need such advice, please consult a licensed professional. licensed professional. As such, we specifically disclaim any errors, omissions, or any other inconsistency herein. We specifically disclaim any liability, risk or loss, personal or otherwise as incurred as a direct or indirect result of your reliance on this information. All GPS Fees are subject to change without notice, however any change will not affect deals currently in progress. |
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