MIAMI Association of REALTORS

     

                

MIAMI's 5-5-5 Program

This MIAMI Association of REALTORS® in partnership with the Greater Miami Chamber of Commerce (GMCC) is proud to announce MIAMI's 5-5-5 Program, designed to expedite and improve distressed property processes in South Florida.

ShortSaleSolutions

A Preimium Service of MIAMI Sales Solutions

This program will shorten the processing time for short sales, reduce staff time, decrease the number of expensive foreclosures, and significantly improve the South Florida real estate market.  Participating lenders and servicers will receive significant benefits, promotion, exposure, and results.  REALTORS and homeowners will benefit from quicker sales and the prevention of potential foreclosures that are typically more detrimental on both a financial and a personal level.  Once many of these short sale transactions are handled in an expeditious manner, the causes of many current foreclosures will be eliminated.

MIAMI's 5-5-5 Program is an innovative program that was created to streamline the short sale process and is a model that will be able to be used to help markets across the U.S.

Lenders/Loan Servicers:

Lender/Loan Servicer Application Form to participate in MIAMI's 5-5-5 Program

Servicers - Click Here for the Application to Participate 

MIAMI REALTORS: The following is provided for information purposes only - Access to this program is limited to MIAMI Members Only - MIAMI members click here (log-in required)

*Please note that all 4 Steps must be completed & all blanks on forms must be completed in their entirety

Step 1: Identify the Category/Type of Short Sale Program which the borrower(s) and listing would qualify 

Step 2: Prequalifying the Borrower(s) in Advance

Step 3: List the Property (Three Parts - A, B & C)

Step 4: Submit All Offers

*Please note that all 4 Steps must be completed & all blanks on forms must be completed in their entirety

Step 1: Identify the Category/Type of Short Sale Program which the borrower(s) and listing would qualify 

Step 2: Prequalifying the Borrower(s) in Advance

Step 3: List the Property (Three Parts - A, B & C)

Step 4: Submit All Offers