How does Done Deal Solutions operate?
We work directly with homeowners, agents, lenders, title companies, and funding
companies to successfully complete short sale transactions. After a free consultation
to discuss options with sellers regarding the foreclosure process, we negotiate
pending offers with the seller’s lenders. After successful negotiations have
been completed, we coordinate the transaction for a quick and concise closing.
As an Agent / Broker, can I do what you do?
The short sale process is not an easy one. They are very time consuming and
can be difficult. Many brokers and agents utilize our services, so their skills
can be best utilized in the field, as opposed to on the phone all day trying to
get in contact with lenders. Our negotiation staff is here full time to take
your file and give it the attention it deserves. Since we have built relationships
with lenders over the years, our staff can navigate through the banks with ease.
How is Done Deal Solutions Compensated?
There are no upfront or backend fees charged to anyone in a transaction with Done
Deal Solutions. After we successfully negotiate the transaction, and we purchase
the property from the seller, we will make our money when we decide to resell the
property.
As an Agent / Broker, how do I get compensated?
Referring Agents will get paid through normal listing
commissions. We find that most lenders do not allow full 6% commissions to
be paid in the transaction. It has been our experience that negotiating lenders
do not have any problems with 5% commissions, split with 2% on the listing agent
side and 3% on the buyer’s agent side.
What is the typical timeline in a short sale transaction?
Every short sale is unique. Depending on the timeframe to the foreclosure
date, lenders will operate with a different sense of urgency. When a complete
short sale package is submitted to the bank, it can take anywhere from 60-90 days
before the final approval is given to that offer. Our negotiators work as
diligently as possible to shorten that timeline. Once the approval letter
is in hand, lenders normally give 30 days to complete the transaction.
Will Done Deal Solutions take on every lead submitted?
Not all properties submitted will fit the ideal mold for a short sale. Done
Deal Solutions will analyze every deal that is entered into our system. Area,
LTV, Property Condition, Timeline to Auction, are major factors that are considered
for every lead.
As an Agent / Broker, how do I set proper expectations
with my clients?
Short sales have potentially long processing periods. It is important for
both buyers and sellers to understand that patience is important, because nothing
is guaranteed. Our acquisition reps will need to speak directly with the sellers
to let them know our process and to maintain good communication throughout.
We will not guarantee any specific results, but since our profits are made through
the closing process, we work as persistent as possible to make sure we have the
best chance at closing the short sale transaction.
How can I get updates for the short sale leads I’ve submitted
to you?
We have a custom build management system that allows us to keep very detailed notes
on every file that is worked on. By utilizing our Status Lookup tool, you
will be able to monitor the major status changes in your file.
How can start submitting leads for your services?
The "Refer us a Lead" tab is conveniently located in the right column of our website.
Click on the link and fill out the required information. Once the lead is
submitted, an email is generated to our staff to inform them a new lead has been
entered. One of our acquisition reps will contact you within 48 hours to get
the process started.
Call us to learn more, 602-956-2274.