Watsonwebinar 100127155218 Phpapp01
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Realcynergy was formed in 2009 to provide expertise and efficiency in short sales. They partner with Watson Title Services and Watson Family Companies to offer customized short sale solutions. Their services include documentation assistance, negotiations, credit counseling, and online order tracking to facilitate short sale transactions. Realcynergy's goal is to help all parties successfully close short sales through cooperation and responsiveness.
Watsonwebinar 100127155218 Phpapp01
- 1. Kristin [email protected] [email protected] [email protected] Custom Short Sale Solutions To:Redefining the Short Sale Experience
- 2. WHO WE ARE…Servicing the Real Estate TransactionRealcynergy, Inc. was formed in 2009 to meet a pent-up market demand for expertise, organization, accountability, transparency and productivity in today’s Short Sale Real Estate Transaction. Designed by and for dedicated Real Estate Professionals from all disciplines of the transaction, Realcynergy, Inc.is based in Tampa, Florida with additional operations in Jacksonville and Orlando.RealCynergy, Inc.is pleased to offer CUSTOMShort Sale Solutions Exclusivelythrough Keith Watson Title Services, Inc., Watson Title Services of N. FL., Inc. and Watson Title Services, Inc. (Orlando)Realcynergy, Inc.Approved By:The Watson Family of CompaniesWATSONDYKESand SCHLOTH, P.A.Thank You for Your Contributions
- 3. What this means for You…We ListenedIs Proud to Partner WithThe Power and Tradition of the Watson Family of CompaniesCLOSINGSellerLenderFirst Responders =Market LeadersHelping the Consumer with A-Z ResourcesPracticing Productive Real Estate for all PartiesCreating Jobs in a Distressed EconomyCelebrate Responsibility with
- 4. Custom Professional Services forLender Paid Fees disclosed on HUDSeller Documentation Assistance and CoordinationConsumer Credit Protection Assistance (Hardship Payment)BPO ServicesShort Sale NegotiationClosing CoordinationLight Consumer Credit RepairDebt Settlement - Consumer Referrals for Unsecured Debt Reduction up to 60%* Continuing Education, Marketing and Support for Real Estate Professionals*Third Party Vendor Fee to Seller based on amount of debt Realcynergy.com
- 5. Step by Step…CustomShort Sale Procedures Access Forms at: [email protected] shortsalecommander.com watsontitle.net realcynergy.com (Feb. 1) watsontitleservices.com2. Take the Borrowers Authorization and Short Sale Submission Form to Your Listing Appointment for execution by Seller 3. Forward (email) the Listing Agreement, Borrowers Authorization, Short Sale Submission Form and Title Request to your Title Agent 4. Your Title Agent will send you any lender-specific forms if needed. Please ask your sellers for their full cooperation with required documents and forward them to your title agent when completed. Your Title Agent will email you the login for Short Sale Commander Order TrackingLog on to view the progress and details of your file7. Provide login information to your seller, the buyer’s agent and the buyer to keep them informed and involved in the transactionWhen your Title Agent notifies you of the BPO Agent appointment, please remove the lockbox and meet the BPO Agent with comps and any property information that supports our priceYour Title Agent will let you know as soon as Approval is Received
- 6. Sample Screen 24 Hour Accessible Online Order Tracking with detailed File Processing InformationLogin provided by your Title Agent to you, your seller, the buyer’s agent and the buyer, with your permissionPersonal client Information is not accessible on this site
- 7. Forms IntroductionRealtor PackageExplanation for LenderExample Lender Cover LetterEstimate of Conditions and RepairsHomeowners PackageShort Sale SubmissionHomeowner Document ChecklistBorrower’s AuthorizationSeller Hardship ExplanationExample Seller Hardship LetterFinancial WorksheetMortgage Debt Relief Act NoticeConfidentiality Noticeshortsalecommander.com
- 8. Frequently Asked Questions…What Do We Charge? Our fees will be on the HUD and are based on the sales price of the home on a sliding scale between $1,000 to $3,000 for residential short sale processing. In the tradition of the real estate transaction and title industry, we only get paid if it closes. What happens when the Lender won’t pay our fee? That can happen (especially with BOA) and at the last minute. We will obtain every possible approval and close every transaction, regardless. Does the seller have to miss payments to be considered for a short sale by the Lender?No, in fact, most lenders will now work more cooperatively with a borrower who is trying. What is the single most important characteristic of a successful short sale transaction? FULL COOPERATION, especially from the Sellers. This is a very fluid environment so acting crisply is critical to realizing a healthy closing for all parties. Can we protect your commission from being cut by the Lender? No, but we can responsibly price and structure a short sale transaction to reduce that likelihood.Do we use BOA’s Equator Short Sale Package, what about the ones already submitted? Yes, it’s quickest to use their Equator package but it requires your Realtor License # on the Short Sale Submission Form as Equator is designed for Realtors. It is not required and you do not need to resubmit files already in process. How do we keep Buyers from walking away from this sometimes lengthy process? By giving the Buyer’s Realtor and the Buyer access to Short Sale Commander, your Short Sale Communication tool. What about the files I’m currently working myself? If you have not yet submitted the Borrowers Authorization to the Lender, we can help you. If you’re well into the process but aren’t getting any movement, we might be able to give you tips to help move the file. Why did Watson choose Realcynergy? The principals of Realcynergy have enjoyed a 35 year professional relationship with Keith Watson and Watson Realty Corp. allowing for efficient collaboration and a combination of resources to quickly help meet your needs. Where do I turn for Short Sale Solutions?Gary DeChellisPresidentSusan MerchantTitle OfficerAlisha RomoPresident
- 9. The Next Step…Your Short Sale Team Karen Griffinkgriffin@watsontitleservices.comWatsontitleservices.comKristin [email protected] Merchant [email protected] Support Team [email protected]@[email protected]@[email protected] and SolutionsRealcynergy.com