Short Sale Alternative Right Party Contact (ARPC)

RE/MAX Praecelsus, for reasons of expertise in assisting distressed property owners, has been specifically chosen by Bank of America for ARPC, a program that provides names of prescreened homeowners to RE/MAX Praecelsus Short Sale agents.
 
 
Scope:
The Alternative Right Party Contact (ARPC) program is a joint effort through which RE/MAX Praecelsus, Bank of America and Dignified Transition Solutions (DTS) reach out to preselected distressed homeowners and guide them through a Short Sale.

Participation:
Participants are selected among agents who have secured relevant educational credentials such as the CDPE, the SFR or the Five Star certification, or demonstrated expertise in Short Sales.

Process:
Each homeowner in the program receives a letter from Bank of America explaining what a Short Sale is and identifying a RE/MAX Praecelsus Associate who will soon call. The agent's immediate goal is to establish Right Party Contact with the homeowner and initiate a conversation about the Short Sale option. The second objective is to ascertain the borrowers' interest and, if they want to hear more, schedule or complete a conference call with a DTS representative who will explain the program in detail. If a Short Sale is initiated, the Associate uses the Equator platform to manage the transaction. The documentation required is much less than normal and closings can happen within 45 days of the offer submittal.

Compensation:
Upon a successful closing, the listing agent receives a 6 percent commission. No referral fees apply.


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Chula VistaBonita



RE/MAX Praecelsus DRE# 01859667
891 Kuhn Dr. , #204 • Chula Vista, CA 91914
Phone: (619) 216-1018 • CA DRE # 01859667