9 Crucial Listing and Submission Questions for Real Estate Agents

Below are 9 Crucial Real Estate Agent Tips and Information that ZOOM! needs to know:

1. Is the subject property occupied or vacant?

2. Is the subject property a primary residence or an investment property?

If the property is an investment property a copy of the rental agreement needs to be submitted to ZOOM!.

3. Make sure that all documents that are being submitted are current within 30 days.

4. Make sure all documents that require signatures are SIGNED and DATED by ALL borrowers within 30 days.

5. Provide all settlment documents for the most recent purchase or refinance within the past 36 months.

6. Is the home owners first mortgage an FHA loan?

7. BAC/SAC - The biggest mistake a listing agent can make is not having the MLS reflect the compensation listed on the listing agreement.

For example: If the seller has agreed to a __% SAC/BAC like you would normally charge - DO NOT put 1-3% or 2.5% (when it is higher on the listing agreement) or 50/50 across the MLS.

This makes it almost impossible for ZOOM! to negotiate the full agent compensation. Believe us the lender looks EVERY TIME and they know from the paperwork submitted if an agent has already agreed to or is willing to take less than full compensation on the sale of the home. Our advise is to charge what you normally charge, don't adjust it because it is a short sale, and let us do our best.

8. Has the home owner recently modified their home loan or is thinking about doing a modification?

9. Is the home owner thinking about filing bankruptcy during the short sale process?

Contact us today with any short sale question you may have at 1-800-480-1917 or simply e-mail it to ZOOMLossMitigation@gmail.com.

http://www.ZOOMLossMitigation.com