(1888PressRelease)
October 02, 2007 - New York, NY - 60 Second Approval ( www.60secondapproval.net ) a real estate service provider for both buyers, sellers, and institutional sellers, has announced negotiations with leading Sub-Prime lenders to help liquidate their existing home inventory and to assist in buyer selection services through their proprietary online service.
60 Second Approval so dubbed the “:Lending Tree* or Eloan*” of no credit check home sales is making this possible by brining together both buyers and sellers allowing them to work with non-traditional home purchase and sale programs.
Sub-Prime lenders who have foreclosed inventories of homes on their balance sheets are turning to 60 Second Approval to get put their homes in the black with cash flow and guaranteed sale of the homes. How Sub-Prime lenders are utilizing 60 Second Approval is simple.
The Sub-prime lender lists their homes for sale on 60 Second Approval. They are then matched with no credit check buyers and the sub-prime lender then does a lease to won with the buyer. The sub-prime lender receives a down payment in the form of lease to own option fee and the first & last months rent. The lease to own is for one to two years. At that time the buyer has reestablished their credit and has a positive payment record with the seller (sub-prime lender).
The Sub-prime lender then converts the home from sale on lease to own to a standard sub-prime or conventional type loan. They sub-prime lender has built in home loan buyers. If the buyer defaults on the lease to own the sub-prime lender keeps the original lease option fee and either resells the home via lease to won or the market has gone up and they sell it on the open market.
What Lending Tree* and Eloan* has done for conventional home buying and selling, 60 Second Approval has done for alternative home buying and selling.
Taken from 60 Second Approval website: “What we do: We put home Buyers and No Credit Check Sellers together using our online proprietary system. Our proprietary system was built from the ground up. We created and built it with both the buyer and seller in mind. One form for the buyer to fill out and within 60 seconds our system matches the buyer with several sellers whose requirements match that of the buyers needs and situation. Not just matching buyers and sellers but automating the pre-qualifying and pre-approval process. The buyer can be pre-qualified and pre-approved with a pre-approval certificate in their hands within 60 seconds. The only thing left to do is meet with sellers and pick out their house. “
A 60 Second Approval representative stated, “With the sub-prime market in such a free fall and no other company in the position of offering services such as 60 Second approval does it will be creating windfall financial profits this year and for years to come for the company. We benefit and make money in good and bad financial times, when the real estate market is up or down.
About 60 Second Approval
60 Second Approval is a real estate Services Company, it provides a wide fee based range of services for sellers and a broad range of free services for Buyers. It operates online at www.60secondapproval.net in the US in all 50 States and Licenses out each City and State to independent individuals and companies
Media Contacts:
contact ( @ ) 60secondapproval dot net
www.60secondapproval.net
