Foreclosure Response Team’s Realtor Affiliate Cheryl Jackson of RE/MAX 1st Realty in Marquette, Michigan Facilitates Short Sale Closing on Single-Family Home
Fort Lauderdale, FL, September 10, 2009 --(PR.com)-- Scott D. Coloney, President of Fort Lauderdale, FL–based Foreclosure Response Team, has announced that company’s “Realtor Affiliate” Cheryl Jackson of Re/MAX 1st Realty, has closed on a Short Sale transaction for a single-family home located at 1813 Gray Street in Marquette, MI. The Foreclosure Response Team is a national Realtor network with advanced short sale technology, training and loss mitigation services. The firm expedites the sale of residential and commercial properties facing foreclosure, with a specialization in Short Sale transactions. The property sold for $145K after the price was systematically dropped from $180K over seven months. Wells Fargo is the Short Sale lender that approved the sale. The closing, which took place on July 14, 2009, was processed over a three-month time period.
“It is very significant to obtain a fair price for the home to help the homeowner avoid foreclosure. The Short Sale process is a difficult one. With the cooperation from the seller and buyer, as well as the resources and expertise of the Foreclosure Response Team, the closing on the property went smooth and swiftly. In addition, by saving the property from foreclosure, the neighborhood benefits by having a home with value on the market, rather than watching it sit abandoned,” said Jackson.
Reaching across the country, the Foreclosure Response Team’s “Realtor Affiliate” program’s pioneering concept was created in recognition of the growing problem that both sellers and agents are facing when pursuing a Short Sale transaction. The systematic network provides affiliate brokers and real estate agents with valuable marketing and professional resources needed to increase the sellers’ success rate in the pursuit of a short sale.
Through Foreclosure Response Team’s departmentalized structure, real estate agents are relieved of the complicated tasks associated with the administration, and processing of loss mitigation when handling Short Sale transactions allowing them the opportunity to focus on the sale of the home. Affiliate agents are provided secure access the online short sale management system which efficiently provides real time updates and data flow between loss mitigation experts and Affiliate agents.
Additional resources available to affiliate brokers and agents that also greatly benefit small to mid-size offices include: a web-based solution at www.ForeclosureResponseTeam.com that automates the process and maintains communication between the Realtor, seller and loss mitigation department, marketing materials and forms under the Foreclosure Response Team brand, and a secure and credible network affiliation with The Coloney Group, the #1 sales team for RE/MAX in the Florida region for 2007.
Plus, FRT has implemented a 90-120 day marketing plan with a systematic approach to evidence the history of a homeowner’s listing. This enables FRT to provide the lender with a price offer based on in-depth tracking in the areas of progressive price reduction, evaluated on time on the market, interest from potential buyers, or offers by serious prospects.
If approved, a Short Sale can help a distressed borrower avoid foreclosure, additional fees paid to the lender for costs associated with the foreclosure action, terminal condition of their credit report for years to come and possible bankruptcy. When handled properly, a successful Short Sale is beneficial to all parties involved including the mortgage lender(s), borrower and overall community.
About Foreclosure Response Team
Initially launched in Florida in May 2008, an innovative concept serving as a consumer advocate, the Foreclosure Response Team is a national sales, marketing and technology company that provides loss mitigation services and expedites the sale of residential and commercial properties facing foreclosure, with a specialization in Short Sale transactions. The Foreclosure Response Team is made up of a coalition of veteran real estate professionals in the areas of loss mitigation, sales & marketing, title, and technology. FRT serves as an invaluable third-party resource for property owners, buyers, real estate agents and mortgage servicers.
The Foreclosure Response Team headquarters are located at 600 South Andrews Ave., Suite 300, Ft. Lauderdale, FL 33301. For more information call Scott D. Coloney at 954-760-4888 or visit www.ForeclosureResponseTeam.com.
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“It is very significant to obtain a fair price for the home to help the homeowner avoid foreclosure. The Short Sale process is a difficult one. With the cooperation from the seller and buyer, as well as the resources and expertise of the Foreclosure Response Team, the closing on the property went smooth and swiftly. In addition, by saving the property from foreclosure, the neighborhood benefits by having a home with value on the market, rather than watching it sit abandoned,” said Jackson.
Reaching across the country, the Foreclosure Response Team’s “Realtor Affiliate” program’s pioneering concept was created in recognition of the growing problem that both sellers and agents are facing when pursuing a Short Sale transaction. The systematic network provides affiliate brokers and real estate agents with valuable marketing and professional resources needed to increase the sellers’ success rate in the pursuit of a short sale.
Through Foreclosure Response Team’s departmentalized structure, real estate agents are relieved of the complicated tasks associated with the administration, and processing of loss mitigation when handling Short Sale transactions allowing them the opportunity to focus on the sale of the home. Affiliate agents are provided secure access the online short sale management system which efficiently provides real time updates and data flow between loss mitigation experts and Affiliate agents.
Additional resources available to affiliate brokers and agents that also greatly benefit small to mid-size offices include: a web-based solution at www.ForeclosureResponseTeam.com that automates the process and maintains communication between the Realtor, seller and loss mitigation department, marketing materials and forms under the Foreclosure Response Team brand, and a secure and credible network affiliation with The Coloney Group, the #1 sales team for RE/MAX in the Florida region for 2007.
Plus, FRT has implemented a 90-120 day marketing plan with a systematic approach to evidence the history of a homeowner’s listing. This enables FRT to provide the lender with a price offer based on in-depth tracking in the areas of progressive price reduction, evaluated on time on the market, interest from potential buyers, or offers by serious prospects.
If approved, a Short Sale can help a distressed borrower avoid foreclosure, additional fees paid to the lender for costs associated with the foreclosure action, terminal condition of their credit report for years to come and possible bankruptcy. When handled properly, a successful Short Sale is beneficial to all parties involved including the mortgage lender(s), borrower and overall community.
About Foreclosure Response Team
Initially launched in Florida in May 2008, an innovative concept serving as a consumer advocate, the Foreclosure Response Team is a national sales, marketing and technology company that provides loss mitigation services and expedites the sale of residential and commercial properties facing foreclosure, with a specialization in Short Sale transactions. The Foreclosure Response Team is made up of a coalition of veteran real estate professionals in the areas of loss mitigation, sales & marketing, title, and technology. FRT serves as an invaluable third-party resource for property owners, buyers, real estate agents and mortgage servicers.
The Foreclosure Response Team headquarters are located at 600 South Andrews Ave., Suite 300, Ft. Lauderdale, FL 33301. For more information call Scott D. Coloney at 954-760-4888 or visit www.ForeclosureResponseTeam.com.
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Kim Mack
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Kim Mack
954-587-0950
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