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depasquale7
39 Posts |
 Posted - 05/18/2008 : 04:44:41 AM
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Diversified Real Estate Consultants offers Short Refinances, Modifications, and Short Sales negotiating services nationwide.
We can help you close more loans by negotiating short payoffs for your clients who cannot refinance by conventional methods.
We are very affordable and offer a payment plan as well.
We offer a referral fee for you initially, and then you will be able to close the client's short refinance and make your commissions.
Also, if your clients want to do a short sale, we can negotiate the short sale for them. Then you can take their listing to a local realtor, cementing your relationship with that realtor. Beleive me, once you start spoonfeeding realtors some listings, it will pay off!
Please email dan@diversifiedrec.com for more information, or any questions.
Or give us a call at 813-944-3177 at anytime. Thanks for your interest! |
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depasquale7
39 Posts |
Posted - 05/18/2008 : 04:56:09 AM
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| Sorry, I failed to mention one very important detail. We do not charge any points at your loan's closing. Our success fee is only $795, that is all that is charged on the final HUD. Most of our clients pay us directly on loan commitment. This means that you will not be restricted in the amount that you can charge on the HUD. |
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citycapital
109 Posts |
Posted - 05/18/2008 : 09:41:43 AM
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HOW DOES A SHORT REFI WORK?
quote:
Originally posted by depasquale7
Diversified Real Estate Consultants offers Short Refinances, Modifications, and Short Sales negotiating services nationwide.
We can help you close more loans by negotiating short payoffs for your clients who cannot refinance by conventional methods.
We are very affordable and offer a payment plan as well.
We offer a referral fee for you initially, and then you will be able to close the client's short refinance and make your commissions.
Also, if your clients want to do a short sale, we can negotiate the short sale for them. Then you can take their listing to a local realtor, cementing your relationship with that realtor. Beleive me, once you start spoonfeeding realtors some listings, it will pay off!
Please email dan@diversifiedrec.com for more information, or any questions.
Or give us a call at 813-944-3177 at anytime. Thanks for your interest!
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depasquale7
39 Posts |
Posted - 05/18/2008 : 10:05:42 AM
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| DREC will negotiate with your client's current lender to have them accept a short payoff. You will get the client approved for a new loan via FHA or Hard Money. Once we get the loan commitment from you, we will present this to their lender and get an ammended payoff accepting the proceeds of the loan as payment in full. |
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citycapital
109 Posts |
Posted - 05/18/2008 : 10:28:35 AM
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what do you see as far as averge 20 % less etc or less?hard money 65 % max do they except 35 % less?
thank you
quote:
Originally posted by depasquale7
DREC will negotiate with your client's current lender to have them accept a short payoff. You will get the client approved for a new loan via FHA or Hard Money. Once we get the loan commitment from you, we will present this to their lender and get an ammended payoff accepting the proceeds of the loan as payment in full.
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depasquale7
39 Posts |
Posted - 05/18/2008 : 12:46:58 PM
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| Each scenario is different. Each investor is different. There's no set percentage. |
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rychecky
87 Posts |
Posted - 05/19/2008 : 1:02:43 PM
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| check out refidecline.com as well |
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depasquale7
39 Posts |
Posted - 05/19/2008 : 1:15:46 PM
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| Why would you place that on my company's posting? |
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rychecky
87 Posts |
Posted - 05/19/2008 : 2:26:58 PM
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| giving people option becuase I have never heard of a short refi, they may need an attorney for a loan mod |
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depasquale7
39 Posts |
Posted - 05/19/2008 : 2:42:53 PM
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| Maybe you should do some research then. No, you do not need an attorney for a modification. |
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rychecky
87 Posts |
Posted - 05/19/2008 : 3:15:48 PM
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| It's always good to have a attorney when it comes to your home, but we option as well for short sales as well |
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depasquale7
39 Posts |
Posted - 05/19/2008 : 3:25:22 PM
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| My company's service and professionalism will not be matched. Good luck in all you do rychecky. |
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monarchdad
1811 Posts |
Posted - 05/19/2008 : 4:24:32 PM
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| Daniel, do all FHA loans allow for short refis or only FHA secure? |
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depasquale7
39 Posts |
Posted - 05/19/2008 : 4:29:16 PM
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| All lenders currently have different guidelines. I would consult with your account executives to answer this questions. Thanks! |
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rychecky
87 Posts |
Posted - 05/19/2008 : 4:30:03 PM
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| thanks thier is many loan mod's to go around |
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YourFinancingNee
27 Posts |
Posted - 05/20/2008 : 7:55:41 PM
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| I am interested send me more informaiton |
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depasquale7
39 Posts |
Posted - 05/20/2008 : 8:19:13 PM
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| Shoot me an email and I'll respond with some more information for you asap. Thanks! |
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jordanb
370 Posts |
Posted - 05/21/2008 : 10:35:40 PM
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-Daniel
Do you need to negotiate the payoff with the current lender prior to submitting for approval on the new FHA Loan?...How does this work?...
Thanks!
-Jordan |
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depasquale7
39 Posts |
Posted - 05/22/2008 : 05:40:30 AM
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Everything depends on the current lender and the lender that you want to use to close the loan. Please email me direct at dan@diversifiedrec.com
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jem21
18 Posts |
Posted - 05/22/2008 : 2:07:50 PM
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| pls send me more info |
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depasquale7
39 Posts |
Posted - 05/22/2008 : 2:44:14 PM
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Please email me for more information at dan@diversifiedrec.com
Thanks! |
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jjacovo
103 Posts |
Posted - 05/23/2008 : 5:00:24 PM
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| Is there a fee charged regardless of successful negotiation? and what lenders have you had the most success with? the reason I ask is that my clients whom would benefit from this have already been let down and I don't want to get their hopes up for nothing. One of my clients was already told by Countrywide that his rate would be frozen at initial price for 5 yrs then failed to deliver. he owes 600k and comps are coming in at 325K. He wants to keep his house but can't make 5k payment it's adjusting to. Does this sound like something you could do? |
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depasquale7
39 Posts |
Posted - 05/23/2008 : 5:04:04 PM
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| email me direct at dan@diversifiedrec.com or leave your email. Thanks! |
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Gilby21
153 Posts |
Posted - 05/23/2008 : 10:25:07 PM
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| Email me some info at my email address in my profile. |
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depasquale7
39 Posts |
Posted - 05/24/2008 : 08:05:12 AM
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| i sent an email to you through BO. If you don't get it, please email me directly at dan@diversifiedrec.com |
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YourFinancingNee
27 Posts |
Posted - 05/24/2008 : 6:24:28 PM
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email me playwiththesand@yahoo.com
have a client 317k first
200k second
100k 3rd
house worth 520 maybe
the couple cant afford needs needs to be back in the 300 range but its thre banks is possible?? |
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c2cl
272 Posts |
Posted - 05/27/2008 : 7:38:34 PM
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In all honesty How long have you been doing this? I have seen tons of brokers, LO and others all now coming out of the woodwork thinking they can do loan mods, short payoffs, and more. I personally have been doing foreclosure loan mods, forb and short sales since 2001 and have a book of personal contacts at multiple banks. It is important not only what you know but WHO you know...
My success rate with a short REFI has been less than 20% (not counting second lenders that are willing to take .01 on the $1...) If you are not charging an upfront fee and are only collecting $795 at the close I would advise looking into something else... |
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depasquale7
39 Posts |
Posted - 05/27/2008 : 8:14:08 PM
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| We charge an up front fee as well as a success fee. My point was that we don't charge any points on the loan officers loan. I agree it's who you know as well. I have several contacts at each lender who know how to get the job done and actually return phone calls. I have been handling negotiations for clients since 1999. |
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u7urtp
24 Posts |
Posted - 05/28/2008 : 2:54:13 PM
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We have been looking for someone to write an article re: short refi's for a while now.
If you feel inclined, email me and we'll talk.
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velecico
3926 Posts |
Posted - 05/31/2008 : 03:25:20 AM
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Daniel ,
I want to start a similar service but in Spanish , could we work together ? how much experience do you have in this field ? |
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depasquale7
39 Posts |
Posted - 05/31/2008 : 08:46:28 AM
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| is the 609 area code phone number your best contact number? If so, I can call you on that first thing monday. Or, feel free to email me direct at dan@diversifiedrec.com |
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hurricane45
22 Posts |
Posted - 07/08/2008 : 09:37:28 AM
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I left a message with your secreatary. Please call me back once you get a chance.
Thanks
Carr |
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mtgdude
3 Posts |
Posted - 07/08/2008 : 10:21:49 AM
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| What is the upfront fee? |
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