The World's #1 RE/MAX Brokerage Enters Into Exclusive Partnership With Foreclosure Response Team

Scott D. Coloney, President of Fort Lauderdale-based Foreclosure Response Team (FRT), has appear that McLean, Va-based RE/MAX Allegiance, the world’s #1 RE/MAX brokerage, has entered into an absolute affiliation with the aggregation to serve as the absolute Broker Affiliate apery the Virginia, Maryland and Washington, DC areas. The FRT is a civic Realtor arrangement with beat abbreviate auction technology, training and accident acknowledgment services. The close expedites the auction of residential and bartering backdrop adverse foreclosure, with a specialization in Short Sale transactions. RE/MAX Allegiance will present the FRT affairs alone as a applicable and system-wide band-aid to the processing of Short Sale affairs to their 750 absolute acreage agents, in an accomplishment to action the assets all-important to advice homeowners adverse foreclosure, and ultimately abutting as abounding abbreviate sales as possible.

Through FRT’s departmentalized structure, absolute acreage agents are adequate of the bulky and complicated tasks associated with accident acknowledgment and processing of Short Sale transactions, acceptance the befalling to focus on the auction of the home.

“Re/Max agents are high-producing agents and statistically, they outsell added backdrop than any added brokers. In an accomplishment to accomplish our mission of allowance homeowners abstain foreclosure, it is all-important to adjust our accident mitigations casework with a acclaimed accumulation of agents who accept the acquaintance and ability to accompany alternating a closing, and calm with the Foreclosure Response Team, accompany the homeowners out of foreclosure,” said Coloney.

Today, RE/MAX has added than 120,000 agents in the United States and over 65 added countries. It is the alone absolute acreage authorization aggregation in the apple to accomplish about 400 after months of advance (and counting), an accomplishment RE/MAX able one abettor at a time. RE/MAX Allegiance has the size, technology, articles and affairs ability to accord agents allowances that abate franchises could never afford.

“RE/Max Allegiance chose the Foreclosure Response Team as its accumulated Short Sale band-aid based on the acceptability that the aggregation has complete with absolute acreage agents in added markets. Having a applicable and awful able arrangement in abode to both handle the growing demands of the bazaar in an able and appropriate manner, and accommodate the manpower appropriate for such a transaction, frees up our agents time –increasing all-embracing productivity,” said Davidson Lunger, Division President – Northern Virginia, RE/MAX Allegiance.

“Our affiliation with the Foreclosure Response Team aswell allows those agents that were borderline or abashed by the abbreviate auction process, to bigger advice the growing articulation of homeowners adverse the claiming of the Short Sale process,” said Judy Austin, President, RE/MAX Allegiance.

If approved, a Short Sale can advice a afflicted borrower abstain foreclosure, added fees paid to the lender for costs associated with the foreclosure action, terminal action of their acclaim address for years to appear and accessible bankruptcy.

“Short Sales are trending up in numbers and we are now seeing homeowners of the added expensively-priced backdrop faced with bread-and-butter issues acute Short Sales. Many agents in the mid-to-upper home auction amount ranges accept not yet accomplished the Short Sale abnormality that has been accident with homes in the lower amount ranges in the D.C., Maryland, and Virginia suburbs. These agents crave added training and a arrangement like the Foreclosure Response Team to be accomplished and abreast on the new issues adverse homeowners,” said Charlie Bengel, Chairman of the Board, RE/MAX Allegiance.

“The Foreclosure Response Team’s arrangement of appraisement and business will advice drive the accomplished and best action for the homeowner and the bank. Many homes traveling through the Short Sale action were not marketed on the MRIS and were chat of mouth. Full acknowledgment and a action of bringing down the amount over time if bazaar altitude require, ensures fair bazaar prices and helps body comparables that are absolutely based on bazaar altitude and this is acceptable for establishing accurate bazaar ethics of homes,” said Charlie Bengel, Jr., Chief Executive Officer
RE/MAX Allegiance.

Broker Affiliate Program
Reaching above the country, the FRT Broker Affiliate Program’s beat abstraction was created in acceptance of the growing botheration that both sellers and agents are adverse if advancing a Short Sale transaction. The analytical arrangement provides accessory brokers and absolute acreage agents with admired business and able assets bare to access the sellers’ success amount in the following of a abbreviate sale.

Additional assets accessible to accessory brokers and agents that aswell abundantly account baby to mid-size offices include: a web-based band-aid at www.ForeclosureResponseTeam.com that automates the action and maintains advice amid the Realtor, agent and accident acknowledgment department, business abstracts and forms beneath the Foreclosure Response Team brand, and a defended and aboveboard arrangement amalgamation with The Coloney Group, the #1 sales aggregation for RE/MAX in the Florida arena for 2007.

Plus, FRT has implemented a 90-120 day business plan with a analytical access to affirmation the history of a homeowner’s listing. This enables FRT to accommodate the lender with a amount action based on all-embracing tracking in the areas of accelerating amount reduction, evaluated on time on the market, absorption from abeyant buyers, or offers by austere prospects.

What is a Short Sale?
A Short Sale transaction occurs if there is a crumbling bazaar and claimed banking altitude force a acreage buyer to advertise their acreage for beneath than what is owed on the mortgage and the lender agrees to access beneath than abounding aggregate as transaction in full. The agent allowances by not accepting to go into foreclosure or as acrid of a acclaim appraisement consequence, but receives no funds at closing. The applicant allowances by accepting a abundant amount on a new home purchase. The case aswell allowances by alienated a cher foreclosure action and accepting amenable for acreage taxes, allowance costs and aliment of the property, in accession to adverse any cipher violations that may appear due to the abridgement of upkeep.

About Foreclosure Response Team
Initially launched in Florida in May 2008, an avant-garde abstraction confined as a chump advocate, the Foreclosure Response Team is a civic sales, business and technology aggregation that provides accident acknowledgment casework and expedites the auction of residential and bartering backdrop adverse foreclosure, with a specialization in Short Sale transactions. The Foreclosure Response Team is fabricated up of a affiliation of adept absolute acreage professionals in the areas of accident mitigation, sales & marketing, title, and technology. FRT serves as an invaluable third-party ability for acreage owners, buyers, absolute acreage agents and mortgage servicers.

The Settlement Group based in Northern Virginia is the adopted bell-ringer for RE/MAX Allegiance administration all appellation plan in affiliation with the Foreclosure Response Team partnership.

For added advice on the Foreclosure Response Team of Virginia, Maryland or Washington, DC, alarm re/max Allegiance at 703-522-1940. The appointment is amid at 3315 Lee Highway, Arlington, VA 22207. The Foreclosure Response Team address are amid at 600 South Andrews Ave., Suite 300, Ft. Lauderdale, FL 33301. For added advice alarm Scott D. Coloney at 954-760-4888 or appointment www.ForeclosureResponseTeam.com.