| Genesis Property Solutions, LLC "Creating New Beginnings for Homeowners" Let GPS guide you to a fresh start in life, too! |
| NEXT STEPS |

| EMAIL GPS gps@genesispropertysolutions.ORG |


| FAX GPS 813-200-3324 |
| Copyright Genesis Property Solutions, LLC. All rights reserved. Genesis Property Solutions, LLC is a Real Estate Investment Firm and Loss Mitigation Service Company. GPS is not a Real Estate Brokerage Firm and does not pay or receive real estate 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. 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. |
| Call GPS 888-GPS-LLC7 |
| The GPS “Realtor” Referral Process Helpful Tips Sheet Here are some tips that might be helpful to you: 1) Review your homeowners options - click here. 2) If you have identified a homeowner in need of Loss Mitigation Assistance, then we ask that you or your homeowner please complete an APPLICATION FOR GPS ASSISTANCE. The form is a way for GPS to gather the basic info required to evaluate your homeowner’s unique case. After we receive the Application Form, a GPS Workout Specialist will conduct their review. If your homeowner appears eligible, you will be advised to proceed. If your client chooses to proceed, they will need to provide GPS with their Processing Fee. Please click here for additional details. 3) Help your homeowner complete the GPS FORMS Package that is available for the homeowner to access after the Processing Fee is paid. THIS DOCUMENT WILL BE PROVIDED AFTER their Processing Fee is paid. PROVIDE A PURCHASE CONTRACT TO GPS: --If you already have a Buyer, ensure the Buyer's "GPS Agreement Form" is included with the contract. This form is available inside Section C of the Dear Buyer Letter (link below). --All contracts must include a Buyer's Proof of Funds. The bank will need to verify that the buyer has the capacity to close. A Proof of Funds (cash deal) or Pre-Approval Letter (financing deal) should suffice. --GPS recommends you make use of our DEAR BUYER LETTER to help explain the short sale process to your buyers. --Not sure how much the Buyer should offer? See our Contract FAQ's section for assistance. --If you do NOT have a Buyer already, you can continue to market the home on your own to find a buyer, however GPS recommends you consider using the Advance Negotiations Options. 5) AFTER you and your client provide ALL the documents needed to proceed (to include a valid purchase contract and/or posting on GPS Auctions!), at this point, GPS will build the workout packages for the lender(s). Then the Loss Mitigation negotiations BEGIN. GPS essentially handles the deal from here. By now, you have likely spent 2-10 hours in referring the case to GPS. From here, GPS’s Loss Mitigation Specialists will attempt to complete the short sale. The average short sale process will likely take between 50-100 hours of time – GPS is compensated with a Professional Fee for Loss Mitigation Services. Additional TIPS: 1) If you are still seeking a buyer, save yourself time by placing your purchase contract WITH GPS Additional Terms prefilled on YOUR MLS link - then when a buyer wants to submit an offer, they will already have all the required addendums available. Again we also recommend you place the DEAR BUYER Letter on the MLS link as well. 2) PICTURES -- if the HO's property is in need of repair, please email us pictures of the damages along with an explanation if needed. 3) If you have not already identified a final buyer, you should continue to market the home to try to find that buyer. If you are able to secure a buyer with a better offer, that will increase the lender's incentive to accept a short payoff. Meanwhile, GPS will be negotiating the short sale with the current contract. Do you have questions? Please call a GPS employee today at 888-GPS-LLC7 and we’ll be happy to assist you. GPS reminds you that the primary mission of our company is to help Homeowners find solutions to their pending property problems – thereby providing them with a chance for a fresh start in life! On behalf of the employees of GPS, LLC – Good Luck and God Bless! |
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