National Closing Center

Posts Tagged ‘real estate software’

Attention all short sale processing platform users!

If you tried to log on to our short sale processing platform lately, you might have encountered a message warning about the “Untrusted connection.” This is due to the fact that we are in the process of updating SSL (Security Sockets Layer) certificate to the more secure one. Because of the miscommunication with our partners, a gap between the certificates occurred. The issued should be fixed approximately within the next 24 hours. The gap between the SSL certificates, however, does not mean that the connection is “unsecure”, but rather “less secure.” It is safe to log on to your account as long as you use a non-public Internet connection.

For the time being, we recommend that you do not attempt to log into your account from coffee shops, book stores or similar unsecured public wireless hot spots. That being said, it is safe to log on and check the status of your files from your office or home, as our IT team is monitoring all the activity very closely and working on resolving the issue.

As you can see in the picture below, you have a choice of clicking on “I Understand the Risks” link. After doing so, you will be taken to your account.

We apologize for the inconvenience that this may have caused and we will let you know when the SSL is successfully updated.

Sincerely,
National Closing Center

The main reason why so many real estate professionals avoid short sales is the fact that these transactions are deemed troublesome and unprofitable.

Short sale seems a waste of time?

The latter usually is due to a time consuming nature of the short sale. By the time agreement with the bank has reached, in most cases more than one prospective buyer has walked away from the contract, the value of the property has gone down (or maybe the house has been nearly destroyed by current owners who sometimes can care less about what happens to the property) and the agent can forget about his/her commission.

If one also counts all the hours spent with the bank representatives on the phone, countless emails, thousands of pages wasted scanning and faxing documents back and forth, the amount invested in the short sale transaction greatly exceeds the amount of commission made, even if the case is successfully–quote-on-quote–closed.

Avoiding means losing

In this context, avoiding short sales might seem as the best solution, until you realize that there is no too many choices: unless you are established in REO market and can leverage lack of regular sales, short sales (and foreclosures) are the only transactions readily available in the current market.

Also, despite the skepticism of many, short sales are here to stay. Short sales went up 600% from the 2 years ago, according to Freddie Mac. Speaking of what was going on 2 years ago, back then even the biggest pessimists were not convinced that short sales would creep into sacred real estate land of Manhattan.

Lo and behold, The New York Times just reported  that with property prices down as much as 30% in NYC, short sales and foreclosures are not rare occurrences in Manhattan any more.

It is clear that avoiding short sales these days is going to cost money. Probably, a lot of money if you knew how to make short sale profitable.

Solution: Gotta outsource! (It’s free)

Luckily, there is a way to make short sales profitable, and that means outsourcing. Before you voice your skepticism, let me assure that outsourcing does not mean you have to share your hard earned money with a third party. The outsourcing I’m talking about does not cost a penny to a real estate professional, because all the processing fees are entirely covered by the lender.

Wonder how exactly does it work?

You, an agent, get as much short sale listings as possible. We, National Closing Center, give you a straightforward guide on what documents we need in order to process your short sales for you. You visit our website and become our member at no cost (takes 30 seconds, 60 seconds if you type really slow). You are immediately granted an access to RealtyProx, the most advanced short sale processing and communication tool in the market.

Working with a person that actually has a head

From now on, no more wasteful faxing, Excel spreadsheets and phone calls that are easy to forget. Download and upload documents online, get updates and reminders to your email, communicate with your processor directly (yes, live person with arms, legs and the helluva head on their shoulders).

The processor, who is a highly trained person with a background in banking/lending/insurance or similar industries will be taking care of your case and fight with the bank until the short sale is closed. You get paid and giggle seeing how your competition is struggling with a short sale dilemma: to take or not to take.

If you are an investor who invests in short sales, demand that your agents work with National Closing Center. Unless you have a cash fairy in your closet and loads of patience that rivals patience of Mother Theresa, you cannot afford not to work with NCC.

Let’s recap it

Short sales can be (and should be) profitable. Buyers want them. Sellers in trouble want them (even if they don’t know it yet).

You concentrate on what you do the best: get new listings and work with sellers.

National Closing Center (NCC) concentrates on what they do best: closing short sale transactions for you.

Our staff members are held to highest standards.

We have a superb system of quality control.

Oure services are fast and transparent.

We work with RealtyProx, that has customized their web-based short sale processing and collaboration software just for us. (And you get access to the software for free).

No more wasteful faxing and meaningless phone conversations.

More money in your pocket!