Anchor Light TC
"We'll be your anchor and light, during your transaction."
Transaction Coordination
Our highly efficient and capable team of transaction coordinators handle up to 90% of all closing tasks, freeing you from the tedious, overwhelming work and stacks of papers. We take on a wide variety of responsibilities that allow you to focus on your priorities and help you grow your business.
Our TCs
Helps you save up to 16 hours per transaction
Handled 90% of closing tasks
Send electronic documents using DocHub
Liaison between all parties
Saving you valuable time so you can focus on your business
Click here for the SOW
Click below for the Price
PS: Top 5 paperwork needed to complete a deal.
1 Purchase Contract
2 Assignment of Purchase
3 Addendum
4 Memorandum of Contract
5 Authorization Release Form
Click here for SOW and Agreement
Non-creative deals, straight cash or assignments:
This is usually best for wholesalers and flippers.
Pricing is $500.00
Subject to:
This is best when you are buying from a person that is close to you: family or friend.
Pricing is $700.00
Subject to with trust:
This is best when you are the buyer.
Pricing is $900.00
Subject to with wrap around mortgage note:
This is best when you are assigning the subject to transaction to protect the seller.
Pricing is $1000.00
Subject to with wrap around mortgage note and trust documents:
This is best when you want to protect the seller and buyer.
Pricing is $1200.00
Seller Financing:
This is when the seller will hold a mortgage note and basically be the bank.
Pricing is $1000.00
Hybrid Deals:
This transaction is when there is a subject to and seller financing combine in the deal.
Pricing is $1400.00
Wrap Mortgage Deals with RMLO Buyer:
This is when you are wrapping a mortgage note to sell to a homestade buyer.
Pricing is $1500.00
Morby Method:
If you follow Pace Morby you will know this can be one the most complex transaction. It involves mulitples lenders and no money of yours at the end. This transaction requires a 30 or 1 hour consultation.
Pricing is $2500.00
Novation Agreement:
Is when you replace one agreement with another.
Pricing is $1600.00
Private Lending:
We will manage your lending transaction to protect you to the max.
Pricing is $1000.00
Gator/EMD Lending:
This is when you lend for the earnest money deposit on a deal. We will manage your lending transaction to protect you to the max.
Pricing is $1000.00
Other Services
Servicing Service:
This is to set up your servicing service with a servicing company to manage your note.
$1000.00 Does not include any fees from the servicing company.
Post Closing Service:
This is to help you set up any accounts after closing.
$1500.00 to set up new insurance or adding to existing insurance. Does not include any insurance policy fees. Transferring of HOA and uploading POA and changing address and login info to bank.
File a notice of settlement/
memorandum of close:
If you are marketing your insterest in a property, this highly recommended to cloud the title.
$30.00 to file plus any county clerk recording fees.
Contract Consult:
This is when you would like for us to walkthrough the contract with you or the seller.
$100.00 to start and $50.00 extra to rush within 24hr.
Rush fee:
When you need to close within two weeks. No gurantee that we can close your deal. Closing deals all depends on everyone involved.
Any deal with less than 2 weeks to COE additional $200.00
Consulting fee:
We can discuss anything you like.
We offer a free 15 minute one time consultation. Thereafter: $50.00 for 30 minutes$100.00 for 1 hour The Morby method must have a consultation.
MLS Flat fee listing
$999 with TC Services (State and TC Service specific)
MLS Flat fee listing
$299 (State specific)
Self Performing:
This is when usually when you can't close with a title company.
$2500.00 We can only self perform where e-recording is allowed.
Documents: Deed in lieu, JV Agreements, Mortgage Notes, Inspection Reports, Resale HOA Cert, Reinstatement, Payoff Letter, Satisfactory Letter, Deeds and any other documents outside of the scope of work that is required to close.
$50.00 for any documents we will be coordinating to get from an outside identity. This will be charged at closing.
FAQs
What is Transaction Coordination?
While all companies operate individually and have their own practices, we at Anchor Light Properties consider Transaction Coordination the practice of getting a deal to the closing with the proper understanding of paperwork and communication with all parties that are involved. What we are not, are attorneys or CPAs and can’t tell you what to do. We will coordinate whatever you decide to do and get it to the closing table.
What types of deals we coordinate?
We have closed real estate transactions noncreative and creative. We have done subject to, cash, assignments, conventional, seller financing, wraps, and private money lending.
What states do we work in?
As of right now we haven’t closed in every state, but very capable to do so.
Can you prepare a contract for our seller to sign?
Yes and no. We are happy to send a contract via DocuSign if all the information is provided, but if you have an attorney, they should prepare a Purchase and Sales Agreement for you. If there’s an agent involved, they should provide a Realtor Sales Agreement. In either case, we can provide you with a non-realtor contract, but we charge a non-refundable fee if it’s rejected by any party.
Do you file a memorandum/notice of sale?
Yes, if the county allows it, and they also accept e-file.
What paperwork is required to complete a Transaction?
Each deal is like a snowflake which needs different paperwork. Contact us and we let you know which paperwork you will need.
How do I contact a TC?
You can either book a consultation with us or email us at tc@anchorlightproperties.com.
Do you process loan modifications?
Yes, only if we determine we can have a successful loan modification. Book a consultation with us to determine if you or your client qualifies.
How fast can we get your transaction to the closing table?
It all depends on your deal, but usually it takes 14 to 30 days.
Do you speak Spanish?
Yes, we have several TCs that speaks frequently in Spanish.
© 2019 Anchor Light Properties, LLC
*Anchor Light is not a brokerage. All agents are associated with their brokerage. Anchor Light Properties LLC doesn't hold any responsibility under their brokerage. We are not attorneys nor CPAs, please consult with a licensed professional.