need affiliate feedback

blue141

blue141

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Oct 26, 2009
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My main business is real estate. Been in business acquiring pre-foreclosure/short sale properties for 15 years nationally. We know this market very well, and are launching a new product in a couple weeks, and I need your feedback for the affilaite program. The product, and pricing, are based on 15 years experience, and thousands of clients

Perhaps you've heard of strategic default? If not, google it real quick. The best way to describe our new product is strategic default, on steroids. It is a proactive strategic default, where we can extend the owners/landlord's ownership by 8 additional months, on average. Sometimes years. It is a complete 'done for you' service. Also, our calling center CLOSE THE SALE via phone.

My point is not to pitch the product here. My point is to give you a framework so you can provide constructive feedback. the price point will be $1997 and $399 per month. We are using amember as our affiliate software. We have hard costs on each file, such as actual employee hours, office space, etc. Remember, this is a done for you service.

Here are my questions for you:
1 - what support/items would you want to see from us? Creatives? etc..
2. In your opinion, what would be a fair fee to pay an affiliate per sale? Don't say 50% because our sales guys will close for them via phone
3- any other feedback/questions you have I'd be happy to answer
4- is this an offer you would be likely to promote? If not, what would make it work for you?

thank you
 


A strategic default is the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments.

do people do this?

so i fuck up my credit because the market takes a dip?

maybe im not understanding
 
people are walking away from homes where it does not make financial sense to continue to service the mortgage. Consider an example...you bought a home for 500k during the boom. It's now worth 200k. you are servicing a 500k mortgage, when you can go down the street and buy the same home now for 200k, or rent for 1/3 of your mortgage. Yes, people are walking away in droves. It's a business decision, and it's called a strategic default.

Now, I'm not here to debate if it's 'right' or 'wrong' (I personally believe it's a business decision, and in many cases make sense). That fact is that it's happening, and on a big scale. And it will continue for years.
 
I've been researching loan modifications, etc. for finacial articles....

So what about the HUD/FTC Advice not to PAY anybody to help you resolve foreclosure issues? HUD certified counselors are FREE.

Making Home Affordable - Home

You charge $399 - $1999/ MONTH? How much are these people paying for their mortgage anyway? If they wantt to decide to walk away, why do they need you? Why can't they take that monthly fee and put it towards their rent?

Anyway, what most affiliates would need would be some assurance they were not helping you scam desperate people and getting in trouble with the FTC.

Pushing a bottle of berries and stickig somebody with a rebill pales compared to this. People who stick around here, depsite the crude talk, are really not souless monsters or oblivious to potential trouble.
 
You can't blame a homeowner for going into strategic default. Why would somebody continue to throw money out of the window when they know that there home is only going to continue to decrease in value.
As for setting up an affiliate network for this market, I don't think it would fly. People that are truly making an informed decision when choosing to go into strategic default are smart enough to do there own homework and figure out what needs to be doen, without paying for an online service.
 
I dont want this thread to turn into a debate about whether or not strategic default is right,etc. And to clarify, for you bits, what we do is NOT loan modification. This is simply maximizing someone's right to strategic default. There are consequences for a strategic default, which the clients is made fully aware of. Anyway, everything we do is attorney reviewed and approved. We've been in business 15 years and the affiliate is given the protection you are alluding to.

So just for the sake of this thread, let's assume that this program is 100% legit, with full disclosure and all parties are completely protected....now...specific feedback on the actual question I posed would be greatly appreciated
 
bitsdawg said:
You charge $399 - $1999/ MONTH? How much are these people paying for their mortgage anyway? If they wantt to decide to walk away, why do they need you? Why can't they take that monthly fee and put it towards their rent?

QUOTE]

to clarify, when someone strategically defaults, they no longer make payments. If an owner, they usually do stay in the home as long as possible. We extend the time they are able to stay there with no mortgage by months, and in some cases years.

If they are a landlord, they are receiving rents from a property during their default. Again, we extend that time by months/years and also protect the tenant.

They dont 'need' us, but many want us because we can extend the timeframes above, and we guarantee it or their money back

In
Click to expand...
 
DarthVader said:
You can't blame a homeowner for going into strategic default. Why would somebody continue to throw money out of the window when they know that there home is only going to continue to decrease in value.
As for setting up an affiliate network for this market, I don't think it would fly. People that are truly making an informed decision when choosing to go into strategic default are smart enough to do there own homework and figure out what needs to be doen, without paying for an online service.
Click to expand...

your not understanding what we do. we EXTEND their default by months/years. They are able to live mortgage free during that time. There is tremendous value in that. We've been doing this for 15 years, but in this market, we've expanded nationally, where we used to only work within the Seattle area.

So believe me, the market is there and only getting bigger
 
if cost per lead/sale acquisition < Your Payout, then you're good. You're gonna have to throw down your own money and prove the model works and to establish a good CPA before affiliates start throwing their cash down. (In terms of getting leads from online traffic sources)
 
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