National Quick Sale, a division of software developer Infusion Technologies, has unveiled a Web-based platform designed to automate the process of real estate short sales and shorten the transaction time from the several weeks currently required to a matter of days.
A number of mortgage servicers are working with National Quick Sale to provide their loss mitigation departments with technology-based assistance for short sales and have been impressed with the solution's capabilities, the company reports.
National Quick Sale's platform enables all parties to react quickly, improving the chances of completion before the potential buyer loses interest and the property is sold in foreclosure. The technology can reduce the all-important time from offer submission to receiving an answer down to as little as 10 days, according to National Quick Sale founder and CEO Rich Rollins.
Source: National Quick Sale