Realtor Commission Saver

TR Network Short Sale Program for Real Estate Agents/Brokers

TR Network is a multi-faceted consortium of Real Estate and Legal professionals that can provide assistance and relief to Homeowners and Real Estate Agents/Brokers through various Real Estate based solutions.

Our specialty is preserving or “Saving the Deal” by utilizing bona-fide solution based techniques in order to settle mortgage debts for over leveraged property and providing Homeowners with a clean start moving forward.

Some things we may be able to provide are as follows:

  • A “Seller First” solution based system – Understanding and addressing the Homeowners needs in order to obtain or maintain the Listing.
  • The Cancellation or Postponement of an imminent Foreclosure Auction Sale, therefore securing additional time in the property as well securing additional time for the implementation and processing of a solution that will lead to a transaction/closing. (i.e. Short Sale or other solution)
  • An immediate Buyer Contract for the property (as time is of the essence). No need to search for Buyers, conduct Open Houses, ect…
  • Covid-19 Control: The ability to respect and/or implement local Covid-19 guidelines.
  • Short Sale negotiation and processing conducted by an experience Attorney firm. (over 4k+ done) 
  • Management and communication of the short sale process between all related parties to the transaction.

How are we Compensated?

TR Network and its associates are compensated via the following methods:

  • A negotiated Referral Fee from the Listing Agent/Broker for participating in the transaction.
  • A negotiated Referral Fee from the Agent/Broker for participating in the transaction for delivering a willing, able and ready Cash Buyer with real Proof of Funds.
  • A Buyer paid cash contribution fee at closing for Short Sale processing and negotiation (among potential other items). This fee is customary in many locations and is fully documented and disclosed on the Closing Statement.
  • All commissions and fees paid at closing.
  • All processes that may be implemented are legal, ethical and moral and have been reviewed by Attorney and endorsed by National Policy decision makers.

TR Network Short Sale Program for Homeowners

TR Network is a multi-faceted consortium of Real Estate professionals that can provide relief to Homeowners in time of their financial crisis through various Real Estate based solutions.

Our specialty is settling mortgage debt for over leveraged property and providing Homeowners with a clean start moving forward.

Some of the benefits we may be able to provide Homeowners are as follows:

  • “Homeowner First” solutions based system – Understanding the Homeowners needs.
  • The Cancellation or Postponement of an imminent Foreclosure Auctions Sale, therefore securing additional time for the Homeowner in the property.
  • A settlement with the Bank or Lender of Mortgage debt for less that is owed.
  • A waiver of deficiency from the Bank or Lender releasing the Homeowner from the balance amount that is/was owed.
  • The ability to avoid future Financial Judgments and Collections actions related to the transaction.
  • Reduced negative or derogatory credit notation and credit score hits.
  • As-Is Transaction – No need to spend funds on repairs or curb appeal.
  • Covid-19 Control: No signs, Open Houses, or other unnecessary intrusions into the property.
  • No Eviction or displacement of living accommodation until the time of final purchase and closing.
  • Relocation expenses.
  • All Processes that may be implemented are legal, ethical and moral.  

 How are we Compensated?

TR Network and its associates are compensated via the following methods:

  • A negotiated Referral Fee from the Listing Agent/Broker for participating in the transaction.
  • A negotiated Referral Fee from the Agent/Broker for participating in the transaction for delivering a willing, able and ready Cash Buyer with real Proof of Funds.
  • A Buyer paid cash contribution fee at closing for Short Sale processing and negotiation (among potential other items). This fee is customary in many locations and is fully documented and disclosed on the Closing Statement.
  • All commissions and fees paid at closing.
  • All processes that may be implemented are legal, ethical and moral and have been reviewed by Attorney and endorsed by National Policy decision makers. 
  • TR Network Consultation.

Addendum to Buyers Broker Agreement 

This ADDENDUM to the Buyer Broker Agreement entered into on _____ day of _____, 2021, by and between TRN, its Affiliates or Partners, as Buyer(s) and __________________________ as Brokerage. (Buyer Broker Agreement attached hereto)

  • TRN, its Affiliates or Partners, as Buyer(s), hereby designates the above Agent/Brokerage as a Non-ExclusiveBuyersBroker, to represent TRN, its Affiliates or Partners, in the acquisition of the following types of Commercial or Residential properties with the following strategies; Short Sales, Wholesale Short Sales, Lease Options, Master Lease Options, Seller Financed, Subject To, Installment Land Contract, or Equivalent, Land Acquisition and Sales, Wholesale, Whole-tail, Pre-Foreclosure, Post Foreclosure, Right of Redemption, Bankruptcy, Tax Sale, Auction Purchase, Equity Share, Joint Venture, Release and Termination of Contract Fee or an Assignment of Contract Fee.
  • When TRN, its Affiliates or Partners, acquire a property procured by Buyers Agent, and if it makes economic sense for TRN, its Affiliates or Partners, to List for Sale, Lease, Lease Option, Rent, or any other Exit Strategy, such properties shall be listed for sale with the same Agent/Brokerage that procured the original purchase.                                                                                                                                     TRN, to receive a referral fee of 25% on the resale, or Brokerage to reduce the resale listing commission by same. TRN is a Utah Licensed Real Estate Agent.
  • Buyers Agent: If TRN, its Affiliates or Partners, as Buyer(s), are unable to obtain a sufficient negotiated discounted purchase price from Lender(s), or Seller(s) to purchase, then TRN, its Affiliates or Partners, may receive a Release and Termination of Contract Fee, Assignment Fee, or any other profitable Exit Strategy, as approved and accepted by the Lender or Seller. Buyers Brokerage to receive up to 25% of any Net Profit derived from a Contract Release Fee, Assignment Fee, or from any other profitable strategy employed by TRN, its affiliates or Partners. Brokerage cannot receive both a Buyers Broker Commission and any portion of a Release and Termination of Contract Fee, Assignment Fee, or from any other Exist Strategy employed by TRN, its Affiliates or Partners.                                                                                                                                                        If TRN, its Affiliates or Partners, supplies a Buyer and/or negotiates a successful purchase with the Lender(s), TRN to receive up to 50% of the Buyers Agent Commission upon closing. This is negotiable and depends on the amount of work required to reach settlement.
  • Listing Agents: In such instances where TRN, its Affiliates or Partners, are dealing directly with the Listing Brokerage, without a Buyer Agent representation, said Brokerage to pay a 35% referral fee to TRN, upon the successful negotiations, sale and closing, whether single or double sided. TRN is a licensed Utah Sales Agent. The referral fee is negotiable and depends on the amount of work required to reach settlement with the Lender or Seller.                                                                                                 (We employ a Law Firm to negotiates all Short Sales)
  • “NET SALE REALIZED PROCEEDS/PROFITS DEFINED” As used herein, the term “Net Sale Proceeds”, means the positive net difference, if any, between the “Realized Proceeds” (as hereinafter defined) actually received by TRN, its Affiliates or Partners, upon closing of a resale of the subject property to a bona fide third party purchaser and the TRN, its Affiliates or Partners “Acquisition Cost” (as herein after defined).

              A. “Acquisition Costs” means and includes all costs and expenses incurred or expended by TRN, its Affiliates or Partners, in connection with the acquisition of clear, marketable fee title to the subject property from the Seller(s), including, without limitation, the cash consideration paid under the Real Estate Sale Contract, real estate taxes and other liens that TRN, its Affiliates or Partners may have paid, compromised or assumed in connection with acquiring the subject property, title insurance premiums and charges, broker’s commissions, escrow fees, loan fees, reasonable attorneys’ fees, transfer taxes, survey fees, and other usual and customary fees, costs and expenses reasonably incurred by TRN, its Affiliates or Partners, to acquire marketable fee title to the subject property.

           B. “Realized Proceeds” means and includes the net proceeds, if any, actually received by TRN, Its Affiliates or Partners, upon closing of a conveyance of the subject property to a bona fide third party purchaser (i) after paying or crediting to the third party purchaser any applicable real estate taxes and other liens encumbering the subject property as of the date of closing, title insurance premiums and charges, brokers’ commissions, escrow fees, loan fees, marketing fees, reasonable attorneys’ fees, transfer taxes, survey fees, and other usual and customary fees, costs and expenses reasonably incurred by TRN, its Affiliates or Partners, to convey marketable fee title to the subject property, and (ii) after deducting any “Holding Costs” (as hereinafter defined) incurred by TRN, its Affiliates or Partners, between the date of the Seller(s) conveyance of the subject property to TRN, its Affiliates or Partners, and the date TRN, its Affiliates or Partners, thereafter conveys the subject property to a bona fide third party purchaser.

           C. “Holding Costs” means and includes insurance premiums, real estate taxes, utilities, homeowner assessments or other mandatory assessments paid or payable by TRN, its Affiliates or Partners, while owning the subject property, and other usual and customary costs and expenses incurred by TRN, its Affiliates or Partners, as a consequence of owning the subject property, and all costs incurred to manage, monitor, lease or rent the subject property while owned by TRN, its Affiliates or Partners, including, without limitation, leasing commissions, if any, and the cost of repairing, painting, maintaining, modernizing or otherwise improving the subject property to place the subject property in a condition to lease, rent and/or resell.

10.  Properties where TRN, its Affiliates or Partners, are assisting in Consulting with Seller(s), a separate Consulting Fee may apply as determined between TRN and Seller. Initial Consultation is free.

11.  TRN, its Affiliate or Partners, realize that all above terms are negotiable to achieve a win/win for all parties involved.

____________________________________________________     _________________
Agent/Brokerage                                                                 Date

____________________________________________________      _________________
Steve Gallagher, Trustee for TRN                                      Date

*Net Contract Release & Termination of Contract Fee, Assignment Fee, or Net Profit is determined by deducting the costs of any and all negotiations costs and services rendered by Buyer, such as Stopping Foreclosure, Administrative Fees, Initiating and Completing a Short Sale Process.                                                                                                                                 

*Short Sales Release & Termination of Contract Fee is a separate personal property transaction, that can be listed on the HUD 1, as (POC) paid outside of closing, for the end Buyers tax basis in the property.  


TRN PMA ADVOCATE ASSISTANCE

Join TRN Private Members Association (PMA) today and get instant access to information (see below) and powerful administrative documents that can help you stop a foreclosure sale or eviction, and if desired lay the necessary groundwork for a state and federal lawsuit and/or make money through our Real Estate Coaching /Mentoring Programs.

  • Free Initial Consultation
  • Short Sale Offer
  • Standard “We Buy Houses” Offers (Multiple Offers)
  • Lease Option or Seller Finance
  • CFPB Complaints
  • QWR/ERIR
  • Debt Validation Letter
  • TORT Letter (Notice of Intent to Sue)
  • Small Claims
  • FDCPA Complaint/Suit (DIY, Paralegal or Full Attorney)
  • Quiet Title Action/Suit (DIY, with paralegal, or Attorney)
  • Mortgage Fraud Investigation
  • UCC Mortgage Fraud Report (if applicable)
  • Potential Cause of Action Consultation
  • Federal FDCPA Lawsuit
  • Federal FBI Bank Fraud Package
  • 7 & 13 Bankruptcy Petitions
  • Bankruptcy “Cram Downs”
  • 2nd/3rd Mortgage Lien Stripping
  • Emergency Skeleton Bankruptcy Filing
  • Loan Modification Documents and Forms
  • Land Trusts
  • Pre-REO Bank Vacant House Investor Assistance
  • Litigation support products and services including: Trial ready evidence, expert witness affidavits, expert witness testimony, turnkey lawsuit documents and packages, paralegal and attorney litigation support services.
  • List of Real Estate Services Include: Counseling, Mentoring, Coaching, Paralegal, Listing, Purchase and Sales. Rent, Lease, Lease Options, Wholesale Lease Options, Wholesale Seller Financing, Seller Financing, Investor Purchases, Land Acquisition, Water Rights, Wholesaling, Whole-tailing, Fix & Flips, Fix & List, Short Sale and Wholesale Short Sales.