Properties On HomeTelos’ Loan Exit Option Program Average 37 Days On Market

Posted by Orb Staff on October 27, 2009 No Comments
Categories : Mortgage Servicing

HomeTelos, a Dallas-based firm specializing in the development of Web-based solutions for the management and marketing of real estate assets, says its Loan Exit Option (LEO) program has demonstrated market success as an effective approach in avoiding foreclosure.

The LEO system, which is patent pending, aligns the interests of borrowers, servicers and other interested parties through a workflow management system that qualifies properties for pre-foreclosure sales. When a property is qualified, LEO then facilitates the sale through an online marketplace.

Since the system's launch last year, LEO properties upon listing have averaged 37 days on the market, four offers per property and sales prices that average 96% of the list price.

SOURCE: HomeTelos

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