Welcome!




Expand Your Education with These Courses from
Expand your education through NAR's REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
At Home with Diversity.
Bundle 1: CIPS Core Course (US Version).
Bundle 2: CIPS Elective Courses (Non-US Version).
Bundle 2: CIPS Elective Courses (US Version).

eCommission Offers Short Sale Commission Advance Program

Have a comment on this article? Share on Facebook!

 

RISMEDIA, May 14, 2009-eCommission, a national provider of commission financing services to real estate sales professionals, has introduced an innovative new program to help agents with their cash flow, the company has announced.

Called Short Sale Advance, the program allows agents to receive a small commission advance on their pending short sales while they wait for the bank’s final written approval.

According to the company, advances of $1,000, $2,000 or $3,000 can be funded initially. Agents pay a monthly extension fee averaging $167 while they wait for the bank’s acceptance of the offer. At that time, they may be eligible to receive a second advance for the balance of their commission. If for any reason the bank declines the offer, agents continue paying the monthly fee until they close their next sale and earn a commission to repay the advance.

“When banks drag their feet approving short sales, it hurts an agent’s cash flow.” explained Sean Whaling, eCommission president. “There are so many short sales in the marketplace right now we have been flooded with requests for advance. This program gives agents an option for maintaining consistent income while they work through bank delays. It has been very popular with our customers.”

For more information, visit www.ecommission.com or call 877-882-4368.

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Categories: Real Estate News

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>