"So, what's in this for me?"
That may be what you're asking, or thinking at least
in the back of your mind, and rightly so. After all, this
appears to be a site for "Investors", a "Buyer want to be",
or "Sellers" who need to move their house quickly.
As a Banker, Realtor or Mortgage Broker your job is usually
Bankers, Loan Officers and Underwriters have rules, regulations
and guidelines to follow for their programs and the borrowers
either fit or not. How many times do you turn away a customer
for a loan because there is nothing you have to offer them?
Don't let high debt ratio's, slow payments, or LTV constraints
stop you from helping your customer. There are members here
that may have options available to customers with unique and
less than optimal situations.
Mortgage Brokers, while less stringent still have some
of the same problems as the Banks. Often you cannot get the
Realtors, how many times have you had a deal fall through
because of financing, or inspection problems? Maybe a seller
calls to inquire about listing with you and explains that
due to unforeseen circumstances they really need to sell and
they have unreasonable expectations.
What is the point? Simply this. Our site is an excellent
resource for customers who need a second chance. As this site
continues to develop we will be hosting areas for private
lenders and note brokers in addition to investors. Not only
will you be able to network here, but also you will be able
to deliver to your customers a "Value Added Service" providing
them with something you currently can't offer.
The private sector has so much available to the individual
customers you are servicing right now, perhaps more than you
ever imagined possible.
Imagine, as a banker the next time you have to reject
a customer's loan and you can say, "I'm sorry we're unable
to help you at this time, but I know where you can go for
some help." Refer them to this site, give them your access
number and not only will we pay you for the referral, but
just imagine how thankful that customer will be for the help.
Who is he going to business with when he gets back on his
feet and needs a refinance? Who is he going to tell his friends
to bank with?
The same holds true with Mortgage Brokers. When you cannot
get the deal done, don't just throw away the lead and your
chance to do business later on down the road.
And Realtors, what do you do with your soon to expire
listings? You've shown the house, advertised, held open houses
and still no sale. Your listing is about to expire and they
are not going to renew with you. Why let it go after all of
that work! With a little flexibility on your commission, some
help from an investor (that we'll connect you with) why not
inform the customer of alternative ways to sell their house?
(Lease/Option, Contract for Deed, or any number of ways to
move that house.) You don't even have to understand it, just
make the referral. It may not be the ideal way to earn your
fee, but it will be money you otherwise would have lost. What
a service to the customer to be creative enough to come up
with an alternative way to move their house and also be able
to connect them with the people that will get it done for
them for no fee, no hassle and no effort on their part. Just
when they thought they were going to have to list with someone
else, try selling it themselves, or worse yet, they thought
they were going to have to become landlords. Even if they
don't like the idea, we can pay you for the lead.
The simple truth is NONE OF US GET PAID UNTIL SOMEBODY
BUYS A HOUSE.
There are so many ways for us to service our customers,
make a little money, and help each other and that's what this
site is all about. We can't all be the banker, broker, realtor,
or investor and we all can't have the best product at the
right place and the right time. NOW, you have a tool to utilize
in order to better service your clients when you might otherwise
be unable to help them and, at the same time, continue to
build your reputation as someone whom people will want to
do business with.
So, lets network, sell some houses, make some deals, get
the financing approved, create some notes, and service our
customers. With the cumulative talent, ingenuity, and resources
of all who participate here there is no reason why everybody
can't have the house they deserve.