HomeTelos LEO launched its pilot program in 4Q 2008. The pilot results have been extremely encouraging. Participating brokers have sold most of the properties assigned at current market prices, while averaging only 29 days on market! Most exciting have been the positive responses we’ve received from homeowners, brokers and title companies who have experienced the successful results of a completed short sale. Here are a few of their comments…
- “The homeowner was cooperative. The property was well maintained, the pricing was in line with my BPO and, the sale occurred quickly…I think this program is great”!!!
- “Overall experience was very good. Communication from the HomeTelos team was great”!
- “The ease in which we were able to get answers from the lender via HomeTelos exceeded my expectations”!
Expansion of the HomeTelos LEO Program is imminent, but for good reason lender resources have been focused on keeping people in their homes over the past few months, delaying the referral of many potential leads. In the meantime HomeTelos plans to add an additional loan servicer and continue expansion of the program in the months ahead.
Working together, we will help families, lenders and our markets achieve better outcomes by avoiding foreclosures. Visit www.hometelos.com for additional information on the HomeTelos LEO Program and pre-approved short sales.