eCommission Introduces Short Sale Advance
January 13th, 2009 by eCommissionAustin, TX (PRWEB) January 13th, 2009 — eCommission Financial Services Inc. (eCommission), the nation’s leading provider of commission advance services to real estate sales professionals, announced success of its newest product, Short Sale Advance. Under this program, Sales Associates can receive an advance of up to $3,000.00 on the basis of having a pending short sale contract that is yet to receive written bank approval. Agents pay a monthly extension fee until such time as the bank issues its final acceptance of the offer. The commission proceeds are then used to repay the advance.
“We have advanced commissions on regular pending sales and even listings, but requests for advances on short sales were coming in daily and we didn’t have a solution to offer our customers until now.” explained Sean Whaling, eCommission President. “Any agent who has experienced what it’s like to work with banks on short sales knows it can take a long time for them to accept an offer. And when banks drag their feet, an agent’s cash flow suffers. So we figured out a way to address the short-term financing needs of our clients in the interim and it has helped out many Sales Associates over the past several months.”
“I have been a customer with eCommission for a few years and was happy to see they now offer advances on short sales,” said Tim Glavin, an agent with RE/MAX Towne Real Estate. “eCommission has allowed me get some money out of my pending short deals while we wait for the banks to do their thing. In this market, having a company around like eCommission that understands the needs of agents is very helpful.”
With over 350 million in commission advances since launching their service in the United States in 2000, eCommission is the endorsed national alliance partner for COLDWELL BANKER®, ERA®, CENTURY 21®, PRUDENTIAL REAL ESTATE AFFILIATES, INC. ®, NRT®, RE/MAX®, KELLER WILLIAMS®, EXIT REALTY® and also works with hundreds of independent real estate companies.
For more information on eCommission and Short Sale Advance, please call 877-882-4368 or online at www.ecommission.com/shortsaleadvance.html
Interview Contact: Sean Whaling, eCommission Financial Services
Telephone: 877-882-4368, ext. 866
agent @ ecommission.com
www.ecommission.com
eCommission Financial Services
5914 West Courtyard Dr.
Suite 320
Austin, TX 78730




















June 22nd, 2009 at 9:09 pm
Maybe I missed something.. but why are they receiving the advances? Is it to fix up the property?
June 24th, 2009 at 8:02 am
Thank you for your question. As you likely know, short sales can take anywhere from several weeks to months to receive bank approval and close. Short Sale Advance allows agents to access a small portion of their pending commission to help with their cash flow over that period. It simply works as a tool for agents to help better manage their income.