Mimi Foster, Voted Colorado Springs Best Realtor (Falcon Property Solutions)

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Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I should probably blog about this, but bottom line - they take 'shakey' buyers with FICOs down to 550 who are cleaning up their credit, Home Partners purchases the house for cash with a quick close and pays well over asking in a strong market, no appraisal. Then the Buyer moves in and purchases from Home Partners within the year for 3% above HP purchase price. Very nice for the Seller, have no idea what it's like for the Buyer. But both of my Sellers today were thrilled to accept cash offers to close in three weeks with no appraisal in a multiple offer situation for both.

For instance - one of the purchasers had good credit, works for Porche. Porche gives their employees 'free' cars. Car payment goes on the credit, tho, and Porche absorbs the cost. So that payment that showed up on her credit all of a sudden whacked her LTV ratios out of balance, so she's purchasing now thru HP and will buy from them within the year. NO IDEA what happens if you don't purchase.

Apr 06, 2018 04:55 PM
Rainmaker
3,957,763
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Mimi - you out of touch? No way! I also have no knowledge of this company/ service.

Apr 06, 2018 10:58 AM
Rainmaker
5,570,665
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I've not heard of them... new england is the last to hear of everything!!! hope you are well, Mimi.... I miss seeing you here.... 

Apr 06, 2018 11:45 AM
Rainmaker
1,837,837
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I must be equally out of touch Mimi Foster , I haven't heard of them either.

Apr 06, 2018 11:18 AM
Rainmaker
1,361,818
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've heard of them elsewhere and if memory serves they were not loved.

Apr 06, 2018 11:02 AM
Ambassador
4,091,130
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Yes and it wasn't a pleasant experience for me or my buyers! If you are a buyers agent, you will be exempt from getting any commission. 

As you say, RUN, FOREST, RUN!

Apr 06, 2018 09:37 PM
Rainmaker
1,721,755
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have never worked with them Mimi

Apr 06, 2018 03:50 PM
Rainmaker
502,276
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

It looks like a pretty good progam and they are more known in Dallas now.  I have referred a couple clients but they changed their mind.  I have a couple more coming on board.

Apr 06, 2018 03:41 PM
Rainmaker
572,970
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

How do they work? Sounds like something we would like to know about--but don't.

Apr 06, 2018 12:22 PM
Rainmaker
5,367,097
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mimi,

Have not heard of them.  Based on your comment they have been good to you, so congratulations.  A

Apr 06, 2018 12:00 PM
Rainmaker
6,368,524
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I am not familiar with them.

Apr 06, 2018 11:49 AM
Rainmaker
515,121
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I have never heard of them?  Sorry!

Apr 06, 2018 11:19 AM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Mimi Foster did not hear of them, but your comment tells the 'good' story. So I will be glad if I have a buyer as HP.

Apr 06, 2018 10:53 PM
Rainmaker
1,177,511
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Never heard of them, sorry.

Apr 06, 2018 09:07 PM
Rainmaker
3,331,030
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Mimi, I read an article about them, I am not aware of any person did business with them.

Apr 06, 2018 06:03 PM
Ambassador
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Who are they?

Apr 06, 2018 04:39 PM
Rainmaker
259,017
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

They are showing up more often in Central FL..
They have a stringent inspection , but everyone says closing are easy!

 

Apr 06, 2018 04:07 PM
Rainmaker
4,020,524
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Out of touch, never heard of them either!

Apr 06, 2018 02:57 PM
Ambassador
5,213,048
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Never heard of them.

Apr 06, 2018 12:18 PM
Rainmaker
3,907,339
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What do they do?

Apr 06, 2018 11:46 AM
Ambassador
3,641,559
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Sorry, I also have no knowledge of this company or their services.

Apr 07, 2018 02:16 PM
Rainmaker
1,092,697
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

If I remember correctly they have a fairly steep shared appreciation agreement in the documents. I hope I'm wrong although I believe I'm right,

Apr 07, 2018 11:34 AM
Ambassador
3,001,561
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I've not heard of the company.

Apr 07, 2018 08:04 AM
Rainmaker
1,791,025
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

This is the first I've heard of this program. I haven't run into it in my area.

Apr 07, 2018 03:36 AM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I tried to work with them but not easy and gave up

Apr 06, 2018 08:34 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Is Home Partners a real estate company or an investment company? I haven't heard of them in my area.

Apr 06, 2018 07:57 PM
Rainmaker
1,136,262
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe
Apr 06, 2018 06:12 PM
Rainmaker
1,697,494
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I haven't heard of them.

Apr 06, 2018 05:20 PM
Rainer
126,419
PeterMark SEO
PeterMarkSEO - Holiday, FL
SEO, SEM, DEV

No but here are the complaints from the buyers end I found https://www.biggerpockets.com/blogs/8142-home-partners-of-america

Apr 08, 2018 12:16 AM
Rainmaker
868,274
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

No experience with those folks.

Apr 07, 2018 03:43 PM
Rainmaker
414,915
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Mimi,

Very interesting, I will have to look them up, thanks for the post.

Apr 07, 2018 09:17 AM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D nailed this one!

Apr 07, 2018 05:44 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sorry, I've never heard of them.  I must be out of touch also.

Apr 07, 2018 05:23 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Apr 09, 2018 04:19 AM