We’ve been experimenting with document fulfillment since November, 2012. Now, it’s official: National Closing Center provides short sale document fulfillment. We are ready to take your short sales from initiation to closing–no more long lists of tasks and need to upload all the documents.
You can get started by providing as little information and docs as Main Property Info, Listing Agreement, Purchase Contract, and Authorization to Release information. Alternatively, you can provide the initial documents by faxing them to us (in case you find scanning and uploading challenging or time consuming).
Make sure you take advantage of the smart barcode system: as long as you use the cover sheet with a barcode (it can be found attached to your deal) and email/fax documents to firstname.lastname@example.org/(888)-515-5281, they will be automatically uploaded into the RealtyProx platform and attached to a particular deal.
Read more on new file processing steps here. In the future, we make tweak the interface a little bit and make initial steps even simpler.
Technical stuff aside, the bottom line is this: National Closing Center is a natural choice when it comes to complete short sale processing, from initiation to closing. We are making each short sale a regular sales transaction to the Listing Agent by taking away all the dreaded components of a short sale: document collection, auditing of the documents, compiling a short sale package, talking back and forth with the bank(s)… All you need to do is create your very own marketing funnel in order to be able to acquire and list short sales. We’ll do the rest.
When you thought things can’t get any better… Currently, NCC is running a nationwide promotion. Hurry up, sign up at www.processingshortsale.com, enter a promo code ’3FREE’ and have 3 short sales processed from start to finish absolutely free. This is to show how committed to results and excellence we are. Go ahead, let’s get some work done together!
As you probably already know, The Mortgage Forgiveness Debt Relief Act of 2007 has been extended till the end of 2013. This is great news for struggling homeowners and real estate agents trying to make a difference.
It’s time to ramp up your marketing efforts and touch base with all your previously acquired leads as well as deliver the message to new prospects. Loan modification is not for everyone and not everyone can afford to stay in their home. Short sale is no panacea, but it’s a viable foreclosure alternative.
Here at NCC we have been working with short sales for almost 5 years. Despite constantly changing laws and regulations, we are here to make short sale processing as easy and efficient as possible and we’re not going away anywhere.
We’ve been asked many times whether the fact that Freddie Mac and Fannie Mae, as well as lenders and services, are not paying third party negotiators their fees affect us or our performance in any way; the answer is NO!
NCC is not a short sale negotiator. We are a data entry, document fulfillment and short sale processing company. Real estate agents consult with their clients and make decisions; we convey their messages to lenders and servicers and update all parties involved in the short sale process about the progress of each deal.
We get paid upon successful closing of each deal through our affiliates: attorney offices in judicial states and escrow companies in non-judicial states. NCC does not depend on lenders or servicers for compensation. No matter what you are being told during their seminars or webinars, their policies in regards to paying third parties do not affect NCC.
We are here to serve your short sale processing needs in 2013. Try us out, log on into your account and submit a short sale deal today! Many updates are coming that will make the process even more simple and straightforward. We’ll keep you posted.
Bank of America now accepts e-signatures on most pre-appproved short sale documents. All closing and final documents will still require handwritten (“wet”, “real”, “conventional”) signatures.
This is a welcome move on BofA part. BofA seems to be at the forefront of innovation when it comes to handling short sales. Our processors have noticed a lot of improvements lately, including reduced approval time. We look forward to other lenders, government institutions and GSEs adopting e-signatures across the board.
They said it out loud: DEFICIENCY! We’re probably going to hear this word a lot more often, possibly in a new context, like, “Let’s go after investors and strategic defaulters.”
It’s not going to happen overnight, but it would be foolish to dismiss all those promissory notes as garbage…
The FHFA’s Office of Inspector General (OIG) revealed in a report that Fannie Mae and Freddie Mac have a recovery rate of only 0.22 percent when pursuing deficiencies, leaving room for much improvement.
According to the report, in 2011, the GSEs’ vendors pursued 35,231 deficiency accounts, with a combined value of about $2.1 billion. Of this amount, vendors recouped about $4.7 million, which is 0.22 percent of the total.
Read more here >>>
Last week we wrapped up one more successful SSRP seminar, this time in Palm Springs, CA. SSRP seminars are the answer why our blog has been a little bit neglected lately. Putting these events together while RealtyProx was making updates to their software (which we take pride in using) proved to be quite a challenge.
So far, SSRP has been to Miami, Chicago, and Palm Springs. Next month, on April 23rd, we’re headed to another fine city–Houston.
The collaborative between RealtyProx, National Closing Center, Don Maxwell with 24 Asset management Corp. and Legacy Opportunity Foundation is growing into a formidable force. If you’re serious about getting into short sale business before it’s too late, we can’t recommend you this enough: become a part of our program, start receiving short sale assignments, and help your community!
What do we offer? And who are we anyway?
RealtyProx, National Closing Center, Legacy Opportunity Foundation and Don Maxwell (VP, 24 Asset Management Corporation) have formed a collaborative. Our goal is to help the American homeowners transition this current real estate market with dignity, knowledge and access.
Check out www.repositioningthedream.org to learn more. (Please note, this is NOT the right website to register for the upcoming event in Houston. Look for the right website at the bottom of the message.)
What’s in it for you, a real estate agent/broker?
Short sale assignments. Leads. Bonus classes. Exclusive content/trainings and more.
How do we get the short sale leads?
1. Bishop Rodney Sampson coordinates the faith-based initiative. His organization signs up churches and community organizations across the country.
2. They organize seminars, send emails, call their parishioners and let them know about foreclosure alternatives.
3. With the help of attorneys and non-profits, we identify homeowners who could benefit from short sale the most.
4. We assign these leads to SSRP Certified real estate agents in five states, including Texas.
This is unique, clear and transparent!
The bottom line
We have real people with real mortgage problems that are ready to do a short sale TODAY. All we need is a qualified real estate agents! The only way to join the program is to attend our live event in Houston.
What to expect in Houston?
- Special meet-and-greet with REO expert Don Maxwell, who says you shouldn’t touch another REO .
- Learn from the best short sale and HAFA specialists.
- Learn the truth about the direction of the real estate market.
- Get familiar with revolutionary short sale technology.
Register today and secure your seat!
We managed to work hard and have some fun–thanks to a GREAT group of real estate agents and brokers from California. They came to Palm Springs from all corners of the state–cannot thank them enough for supporting our initiative and becoming a newest class of SSRP-certified Realtors.
A few photos are below–enjoy!
Nothing can replace face to face meetings with Realtors. I wish we had more time to visit them in their offices… There’s always something new to see and learn.
While visiting Hensley’s Prairie Path Realty in Villa Park, IL, I learned quite a few things. For instance, that real estate brokerage can still be an important community center with its own unique character. This is not exactly a thing of a past.
HPPR is a great example. Their office looks more like an antique shop than your typical corporate style brokerage. They treat people who come in their office as if they were their family. In fact, spending a few hours with Hensley’s does feel like watching one big family at work.
And there’s another thing that I learned. Raymond ‘Doc’ Hensley showed me his newest gadget: an old fashioned phone receiver attached to his smartphone. Think of outsmarting a smartphone… Very cool.
Just recorded! A webinar with a CA attorney and CPA Paul Horn. The webinar contains tons of crucial information and tips on short sales, foreclosure, bankruptcy and more.
Paul has an amazing quality to explain complicated taxation issues effortlessly and clearly. This is a rather long webinar, so take it in slowly, possibly pause, rewind and take notes.
Share it with your colleagues and come back for more. If you’re reading this blog, don’t forget to like National Closing Center on Facebook!
Below is the recording of our last webinar with attorney Robert Blinstrubas.
Sound quality is definitely not the best, but considering neither Robert nor I attempted to sing, I guess it’s acceptable.
The recording is edited in order to make it shorter. If you still feel like skipping some parts, make sure you listen at the 11:00 mark where Robert talks about hardship letters and myths surrounding them.
Happy listening and thank you for supporting National Closing Center!
Our apologies for the last minute change, but we had to move the webinar on short sale and tax consequences to December 29th, 1pm PST. Please take a note of the changed time.
Something unexpected came up and and the presenter, Paul Horn, had to leave the country for a few days. He will be back by the 29th, ready to reveal quite a few tax-related short sale secrets. Also, log on prepared to ask questions–Mr. Horn will be glad to take as much as the time will allow.