A foreclosure alternative with rapid responses to submitted offers and a quick path to closing.

The HomeTelos Loan Exit Option Program works for the benefit of real estate agents on both sides of the transaction. Because the loss mitigation work is completed before the property is listed for sale, once a contract has been negotiated, the probability of closing is similar to non-short sale transactions. Broker commissions are negotiated on the front end avoiding the last minute negotiation of broker payment.

HomeTelos provides listing brokers with referrals and earns a portion of the listing broker's commission as a referral fee on closed transactions. Listing brokers receive an opportunity to list a property at a market price with a motivated seller who has already reached terms of a settlement with its lender.

Program Real Estate Brokers

• Program Listing Brokers - To be eligible for referrals from HomeTelos, brokers must enter into a service agreement and complete training in the HomeTelos LEO Program, the BidSelect online marketplace, and in the HomeTracker property management system.
  
  
• Existing Listing - Brokers representing homeowners whose lenders are participating in the HomeTelos LEO Program may participate in the program by completing the requirements to become a HomeTelos Listing Broker.

To learn more about becoming a HomeTelos LEO Program Listing Broker, please click on the Learn More button and provide the requested information. HomeTelos will evaluate the information and respond.

Buyer Agents

This is a different kind of short sale than you have ever worked before! Because the HomeTelos Pre-Approved Short Sales requires that settlement proposals be provided before the property is listed, when your buyer submits an acceptable offer you have a clear path to closing and funding of the sale and receiving your commission. The HomeTelos listing broker will assist you in submitting offers on BIdSelect or you may call 1-800-410-1644 and receive help from one of our customer service representatives.