Short-Sale Processing

Short-Sales Cost Money

Once you understand the short-sale process and see first-hand how your file is managed from the beginning to the end, we're confident you'll be assured your file is in good hands -- being followed up in a timely manner and with the ability to see first-hand the notes and conversations we're having with the bank(s)/investor(s), etc.

Don't be fooled. Agents with little to no experience of managing, processing and negotiating short-sales will tell you there are no fees, or perhaps they'll tell you any fee's associated with a short-sale is the sellers responsibility. This is not true.

Plain and simple; SHORT-SALES COST MONEY. I'm always cautious when someone tells me something is free. The only agents I know NOT charging for short-sales are agents just breaking into the business. They have no idea what it takes to manage a short-sale-file and in some cases, they don't even know what they're doing.

Most agents up-until-now, have been charging the seller a fee for the entire short-sale process. NBEx, Inc. has decided to break the fee's into two categories. We charge the seller a small fee for handling and managing the file for the duration of the short-sale process. In addition to this, we charge the buyer a fee for processing and negotiating the file -- the fee is charged ONLY if we can successfully negotiate their file. This way, the incentive for us is to do what we can to make this transaction a reality for all parties involved.

NEGOTIATIONS

NBEx, Inc. has established relationships with some of the best and most knowledgeable negotiators in the business. Our preferred negotiators have exceptional experience dealing with and negotiating a wide range of short-sales for both homeowners and REALTORS® alike. Depending on the specific needs of each file, NBEx, Inc. reserves the right to determine who will negotiate each file with the lender/investor.

AFM7, LLC is managed by William J. Keyes, an attorney with Nash & Lodge who has over 20 years of experience in real estate law and in protecting clients.

BGS3 is emerging as one of the fastest growing short sale and loss-mitigation companies in the country.

Buyer's Fee Agreement

We've outlined our Buyers Discount Fee Agreement -- PLEASE go over this with your buyers to help them understand the process altogether.

The Seller of Property had an original mortgage payoff on Property that was significantly more than the final sales price or contract offer from Buyer.
Processor is negotiating with Seller's mortgage company in order for said mortgage company to accept Buyer's offer, which offer is lower than Seller's mortgage payoff amount.
Because of Processor's negotiation with Seller's mortgage company, Buyer has the opportunity to purchase Property at or below market value and the terms of Buyer's offer, including sales price, would NOT be possible without Processor's administrative work and negotiation.
Processor is negotiating a short sale, or discounted mortgage payoff on behalf of the Seller of the property offered for sale and the Processor, Seller and Buyer have agreed and acknowledged that this sale is to be conducted by including a Buyer Discount FEE of 1% (one percent) of the contract sale price, to be paid to Processor ("Buyer Discount Fee") as an additional settlement charge to be included on the HUD-1 Settlement Statement and be paid at the time of closing.
In the event that the Processor is unsuccessful in negotiating a short sale or discounted mortgage payoff to facilitate a transaction for the contract sales price, the Buyer has no contractual obligation to the Processor.
Buyer agrees to hold Processor, Seller and any and all real estate agents involved in the purchase of the property harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed by reasons of acts or neglects of the Processor or employees paid by Processor for the purpose of negotiating a short sale or discounted mortgage payoff on the subject property.

Services offered by The Jeff Frederiksen Group through RE/MAX Associates Plus, Inc.