HomeTelos LEO (Loan Exit Option) has been working with qualified homeowners to eliminate their mortgage and provide an alternative to the traditional short sale since October 2008. During that time, 33 properties have been successfully sold with the following feedback from participating listing brokers:
“It was a great program. I hope to be able to participate in more transactions. This is the way to do a short sale.”
“I was impressed with the fact that the timelines were adhered to. The cooperation from the seller and that of HomeTelos was superb. My transaction starting with the listing to the closing was very smooth. I was able to price the property at market value, received four (4) offers and ended up closing it with a cash deal in a very short period of time.”
“This program is great. The homeowners are happy the agents are happy and most importantly the buyers are happy. Real Estate agents are pleased to show their clients these properties, they know it is priced correctly and their buyers will receive a quick response. Local escrow and title companies are involved which make the other agents and businesses happy.”
“Excellent. The homeowner was cooperative. The property was well maintained, the pricing was in line with my BPO, the sale occurred quickly and closing happened on time. I think this program is great!!! It is significantly better than a normal short sale process.”
“I would rate this program very high. I specialize in short sales and bank owned properties. My traditional short sales are taking on average six months to get closed. This home took less than ninety days to sell. The buyer’s agent knew the price was an approved price which helped tremendously, and I believe the bank will gain a better offer with an approved price up front. The borrower/seller was very cooperative. It was so nice to have the bank already have all of his financial paperwork and already have it reviewed in advance. “
“From a scale of 1-10. HomeTelos is a “10”. The homeowner involvement is crucial for this program to work. If this home was not “prepped” for showing we would not have gotten an offer this quick. The homeowner was on board with the program 100% from the beginning and that is what made it successful.”
It is obvious that the current “as is” short sale process needs improvement. HomeTelos LEO has developed a process that eliminates many of the headaches and pitfalls encountered by real estate professionals and homeowners who are desperately searching for an answer to their housing situation. We’ll continue to keep you updated on the latest news from this amazing program and the response of the real estate community to an alternative that finally addresses their frustrations and need for an easier, timelier resolution to the short sale dilemma.