Released on: September 28, 2007, 1:39 pm

Press Release Author: 60 Second Approval

Industry: Real Estate

Press Release Summary: 60 Second Approval providing service to Sub-Prime Lenders to
sell off their current home inventory, Receive immediate cash flow and have built in
Qualified Home Buyers for their Loans

Press Release Body: New York, NY (September 28, 2007) -60 Second Approval (
www.60secondapproval.net ) a real estate service provider for both buyers, sellers,
and institutional sellers, has announced negotiations with leading Sub-Prime lenders
to help liquidate their existing home inventory and to assist in buyer selection
services through their proprietary online service.

60 Second Approval so dubbed the ":Lending Tree* or Eloan*" of no credit check home
sales is making this possible by brining together both buyers and sellers allowing
them to work with non-traditional home purchase and sale programs.

Sub-Prime lenders who have foreclosed inventories of homes on their balance sheets
are turning to 60 Second Approval to get put their homes in the black with cash flow
and guaranteed sale of the homes. How Sub-Prime lenders are utilizing 60 Second
Approval is simple.

The Sub-prime lender lists their homes for sale on 60 Second Approval. They are then
matched with no credit check buyers and the sub-prime lender then does a lease to
won with the buyer. The sub-prime lender receives a down payment in the form of
lease to own option fee and the first & last months rent. The lease to own is for
one to two years. At that time the buyer has reestablished their credit and has a
positive payment record with the seller (sub-prime lender).

The Sub-prime lender then converts the home from sale on lease to own to a standard
sub-prime or conventional type loan. They sub-prime lender has built in home loan
buyers. If the buyer defaults on the lease to own the sub-prime lender keeps the
original lease option fee and either resells the home via lease to won or the market
has gone up and they sell it on the open market.

What Lending Tree* and Eloan* has done for conventional home buying and selling, 60
Second Approval has done for alternative home buying and selling.

Taken from 60 Second Approval website: "What we do: We put home Buyers and No Credit
Check Sellers together using our online proprietary system. Our proprietary system
was built from the ground up. We created and built it with both the buyer and seller
in mind. One form for the buyer to fill out and within 60 seconds our system matches
the buyer with several sellers whose requirements match that of the buyers needs and
situation. Not just matching buyers and sellers but automating the pre-qualifying
and pre-approval process. The buyer can be pre-qualified and pre-approved with a
pre-approval certificate in their hands within 60 seconds. The only thing left to do
is meet with sellers and pick out their house. "

A 60 Second Approval representative stated, "With the sub-prime market in such a
free fall and no other company in the position of offering services such as 60
Second approval does it will be creating windfall financial profits this year and
for years to come for the company. We benefit and make money in good and bad
financial times, when the real estate market is up or down.

About 60 Second Approval
60 Second Approval is a real estate Services Company, it provides a wide fee based
range of services for sellers and a broad range of free services for Buyers. It
operates online at www.60secondapproval.net in the US in all 50 States and Licenses
out each City and State to independent individuals and companies


Web Site: http://www.60secondapproval.net

Contact Details: Media Contacts:

contact@60secondapproval.net
www.60secondapproval.net