Open to Close is the premiere transaction coordination and short sale/loan modification solution service for REALTORS® and consumers.  Our services include Short Sale Coordinators, Loan Modification Specialists, Listing to Close Managers, and Contract to Close Transaction Managers.  All of our processes can be customized to fit your business model.  When working with Open to Close, you'll never have to hire, fire, or train your assistants ever again!  Don't let payroll and sick/vacation time ever burden you again!    

After you obtain your listing agreement, short sale deposit, or executed contract, you should not lift a finger except to touch your clients once a week and give them the old "warm fuzzies".  With RELAY, our online management platform, all parties to the transaction are able to login via the internet to access all pertinent documents as well as see the status of their transaction.

We ensure all of the deadlines of your transaction are met by coordinating with the inspector, title co., lender, etc. to guarantee a smooth, seamless closing for you and your client.  We pay attention to the details and constantly monitor the status and progress of your transaction.  We try to anticipate problems before they arise, and we stay in constant communication to keep you and your clients informed of new developments along the way.  In addition to traditional real estate transactions, we are also your short sale solution.  We set you apart from other REALTORS® and help you increase your referral business!   We SIMPLIFY your life, so you can do what you do best - sell!

Call today to find out how you can get our services for FREE! 

CORE SERVICES

List to Close (Listing Management): $475

Once you have the listing agreement, we become the main point of contact. Our services include MLS input, marketing brochure creation, photo/virtual tour setup, open house scheduling, property tour scheduling, daily feedback on showings, weekly CMA’s to aid you in price reductions, etc. At executed contract, we begin contract to close and follow up with a survey after closing for seller feedback. Includes: RELAY (online mgmt platform), eFax, Docusign, Text Message Marketing & Signage, CRM (contact relationship management), Automated Showing Feedback : Total Value : $1420/yr

Contract to Close (Transaction Management): $300

We step in at the point of executed contract to ensure all of the deadlines of your transaction are met by coordinating with the inspector, title co., lender, etc. and guarantee a smooth, seamless closing for you and your client. Includes: RELAY (online mgmt platform), eFax, Docusign, CRM (contact relationship management): Total Value : $880/yr

Short Sale Processing and Negotiating: $1000

Don’t refer your short sales out and lose both your client and a huge chunk of your commission! We step in once you have identified SS potential and collect all documentation for SS package. We become the negotiator for the bank as well as the point of contact for your homeowner and the buyer’s agents. Includes: RELAY (online mgmt platform), eFax, Docusign, CRM (contact relationship management): Total Value : $880/yr

Loan Modification Processing and Negotiating: $1000

Save your clients, build a huge referral base, and make money! The most prevalent method of loan modification is an interest rate reduction, which involves establishing a fixed reduced rate of interest on a permanent basis or for an extended period of time. Principal writedowns are also very prevalent. Includes: RELAY (online mgmt platform), eFax, Docusign, CRM (contact relationship management): Total Value : $880/yr

 

What is a short sale?

A short sale usually refers to a scenario in which the Seller's loans are greater than the than the house's market value.  Simultaneously, the Seller is having trouble paying his mortgage and foreclosure may be around the corner.  Even if the Seller sells the home, the money received for the home will come up short in covering the Seller's loan(s).  That's why we call them short sales.  Typically the goal of a short sale from the Seller's perspective is to have the bank forgive them the difference between the market value of the home and outstanding loan balance(s) of their mortgage(s).  This is considered a "settlement" on the homeowner's credit report and is not dear as damaging as a foreclosure.  In addition, according to the Mortgage Relief Act 2007, as long as the property is a "homestead", the lender cannot force the homeowner to pay taxes on the loss.  In this situation, the short sale is virtually risk free.

What can you expect from a loan modification?

Loan Modification Goals & Expectations:

_____ Principal balance reduction to reflect market value

_____ Interest rate reduction for interim

_____ Permanent interest rate reduction

_____ Delinquent payments moved to the back of the loan – not repayment plan

_____ Actual deletion of delinquent payments and fees

_____ Removal of bank fees from delinquency

          

HUD Government Info  I  Austin/Lake Travis Bed and Breakfast