First Preston HT’s Short Sale alternative aligns the interests of the investors and homeowners to help borrowers avoid foreclosure.  Our patented Loan Exit Option (LEO) combines workflow management and an online real estate marketplace with an extensive local broker network and offer management services to achieve a successful outcome.  Investors and lenders benefit from a streamlined, proactive approach that avoids the impact of foreclosure.  Borrowers benefit from a mortgage loan settlement through cooperation with their lender and real-time communication throughout the process.

For more information on our Short Sale Services and LEO, call 1-800-934-3009 or Contact Us.

Loan Exit Option Benefits for Lenders/Owners of the Loan:

• Accelerate your exit
• Reduce holding times and costs
• Online document management
• Scalable execution
• Broad market exposure
• Customized marketing strategies
• Maximized returns

Additional Advantages of the LEO Program

• Property is not listed as a short sale, therefore not given the discount often associated with a short sale
• Properties are listed on BidSelect®, a global electronic marketplace ensuring maximum exposure
• Proprietary workflow and offer management technology provides efficiency and transparency
• Offers submitted electronically to BidSelect®, minimizing any listing agent filters and ensuring client sees 100% of the offers submitted
• Task based workflow system rapidly moves  assets through the predefined closing process
• Client specific closing documents available online
• All correspondence and valuation information available online 24/7 to approved users
• First Preston HT National Call Center handles customer contacts and provides borrower with program information
• National network of trained brokers for local contact with borrower and local marketing expertise to rapidly sell property