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HOMESMARK.COM LAUNCHES 0% REAL ESTATE COMMISSIONS PROGRAM TO REVOLUTIONIZE THE REO INDUSTRY
ENGLEWOOD, NJ - Nov. 6, 2003 /Send2Press Newswire/ -- HomesMark.com
announced today the launch of their "0% Real Estate Commissions Program"
to Revolutionize the REO Industry. HomesMark® is a Real Estate
investment firm that specializes in buying and selling Corporate, Bank
owned REO and Pre-foreclosure properties, Default Mortgage Notes,
Divorce Situations, Abandoned Homes, Vacant Land, Estates and Probate
Properties in New Jersey.
"A different approach to traditional Real Estate is what has made our
company a phenomenal success in our first 2 years in business," says
Miguel Franco, President/CEO and Licensed Real Estate Broker of
HomesMark Real Estate in Englewood, NJ. "We needed a niche to classify
our company as one of the largest investment brokerages in the world and
believe that our new concept is truly the correct model and the right
vehicle to put us on track. Our focus: Banks such as Countrywide, Chase,
Wachovia, Citibank and Asset Management Companies like Premiere and
Matrix just to name a few."
"Currently, these firms are paying 6% Real Estate Commissions to have a
Real Estate Broker market and find a buyer for properties that they have
foreclosed on due to delinquent mortgages and although more than 75% of
these REO properties need extensive repair, the fact that it's a 'Bank
owned foreclosure property' makes it a desireable commodity. How many
times has a buyer called in on a foreclosure advertisement from a
Realtor only to find out that it was sold even before it hit the market?
Probably 9 times out of 10."
"It makes you wonder if that REO Agent actually earned his commission. I
think the property sells itself the majority of times unless it's so
destroyed, that only investors like us get called to make things easier
due to the fact that we have an inexpensive budget since our overall
volume keeps our construction or re-modeling costs very low. A few of
the main problems that come to mind are the fact that property
maintenance and costs on a property that's already money drained is a
big toll according to a survey we conducted on REO departments for Banks
across the nation -- and to spend additional funds on legal fees,
evictions, repairs securing the property and on top of it all, pay a
Broker 6% commission to dispose of the property is extremely costly. As
in any industry, there is always a need for change. Our Mission: To
Reduce costs and save time for lenders and those involved in the
management of distressed properties and defaulted loans."
Continues Franco, "We have developed a revolutionary way to cut down on
some of these costs by starting off with some simple mathematics. 0%
Real Estate Commissions, 100% Common Sense. Our Investment Partners and
Extensive database of Buyers have agreed to become part of our buyer
agency agreement. We offer state of the art target marketing, exposure
and Multiple Listing Service to sell it fast."
"The end-user buyer or in-house investor pays the commission to the REO
agent, Banks save millions! It's a win-win situation and truly the
correct model for this industry. Our investment firm has the power to
purchase from 10, 50, 100, 200, 300 homes or more all cash and quick
closing and turn around (as quick as 10 days or as soon as back title
clears). Proof of funds and financial statements for bond traders of
investment banks upon request along with a multi-million dollar HOLDINGS
portfolio (more than 100 million dollars in commercial and residential
assets), all properties to be purchased in 'as is' condition, no
inspections, no c.o. and smoke, no contingencies."
"Our Investment team is responsible for any evictions, if any, to save
Banks thousands in legal fees. No more property maintenance and costs on
a property that's already money drained. There is no better price value
relationship on savings than what our firm has to offer. We are not
trying to change the wheel, we're changing the entire vehicle."
"Our REO Agents are by far the best in the business and continue to join
our firm to revolutionize the way business is done with our 0%
commission concept. Our agents are still netting more money per
transaction due to our double commission system than any other REO or
Regular Real Estate Agent in the world which gives them the power to
move the inventory."
"Each agent that joins our firm is also fully trained with top notch
techniques to handle it all and are recognized as a select group of
people in north america to successfully complete our intensive 'master
business development skills' training course to enhance and maximize
For more information, visit www.HomesMark.com or call toll free:
According to the company, total savings amount is based upon total commissions paid on HomesMark
listings vs. total commissions that would have been paid if a 6 percent
commission had been charged.
Organization Website: www.HomesMark.com
Source of News:
HomesMark.com / HomesMark Real Estate
New Jersey Business Newswire
Real Estate Industry Newswire
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