Altisource and Its Hubzu(R) Real Estate Sale Platform Launch New Online-Assisted Short Sale Program
The Altisource™ Assisted Short Sale program leverages its Hubzu®
"Short sales can be quite frustrating for both sellers and buyers as the existing process is complicated and often forces servicers to make quick decisions based on limited information," said
Hubzu has been running a very successful online residential home sale platform that has generated more than 70,000 successful home sales since 2009. Servicers evaluating a short sale loan resolution now have the option to incorporate Hubzu into the short sale marketing process. Hubzu drives buyer traffic from its customer base (generating more than four million property views per month) to secure timely and competitive bids for homes on the website. The transparent marketing format and public display of competing bids associated with Hubzu and the Altisource Assisted Short Sale program, helps mitigate servicers' fears that homes are being sold below true market price.
Through the Altisource Assisted Short Sale program, home buyers have the assurance of knowing that the servicer is involved in the process from the beginning. Buyers also benefit from the transparent and user-friendly Hubzu platform which offers 24/7 access to place bids. This ease-of-access also allows short sale servicers, agents and buyers to stay informed of the sale status and successfully close the home faster and more efficiently.
Altisource's Assisted Short Sale program also includes a complete suite of optional enhanced services including call center, appraisal, title insurance, escrow and settlement, all tailored to improve the efficiency and effectiveness of short sale transactions.
Hubzu provides an online residential real estate marketplace that makes it easy for consumers, investors and brokers to buy and sell homes. From start to finish, Hubzu provides an entirely online experience — from searching and bidding to financing and closing. Hubzu® is a trademark of
CONTACT: Investor Contact:Source:
Mark F. A. KearnsChief Accounting Officer +352 2469 7954 Mark.Kearns@Altisource.lu Press Contact: Kristi D. KovalakDirector, Marketing 314-817-1313 Kristi.Kovalak@Altisource.com
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