The flexibility and compliance expertise that LoanResolve offers with its document solutions is the right fit for Foreclosure.com's short sale property liquidation needs
Boca Raton, Fla. (PRWEB) July 22, 2008
In an effort to stem the foreclosure tide, Foreclosure.com and LoanResolve.com have joined forces to help connect distressed homeowners with potential buyers, working direct with their lenders to negotiate reduced purchase prices that will appeal to homebuyers and investors.
It's a process that is often referred to as a "short sale"; however, LoanResolve and Foreclosure.com will simplify and shorten what is often a complicated and lengthy process.
"Between both companies we have relationships with most if not all of the major lenders today," said Brad Geisen. "We can work with them and the homeowners to reach favorable solutions that help reduce foreclosure situations, provide relief for distressed homeowners and create deals for future homeowners."
According to Geisen, it's an all around win-win situation for everyone involved because literally no one usually wins in a property foreclosure.
LoanResolve, which has designed a state-of-the-art foreclosure resolution and loan modification engine, helps distressed homeowners avoid foreclosures by working within their lenders' loan resolution, loan modification and short sale processing services to quickly implement solutions that ensure compliance with lender requirements
In fact, LoanResolve offers borrowers an online tool that helps them proactively research ways to resolve a delinquent or potentially delinquent loan with their lenders. As a last resort the company provides an online tool to quickly process property sale transactions.
Based on information borrowers provide concerning their loans and their lenders available resolution options, LoanResolve assists the borrower and lender in coordinating rapid approvals toward resolutions.
Once this rapid process is complete, Foreclosure.com will then list those properties on its Web site and drive traffic to them -- more than five million interested buyers each month. In addition, Foreclosure.com will provide visitors with the opportunity to make offers and contact the listing brokers for more information on the featured listings.
"The flexibility and compliance expertise that LoanResolve offers with its document solutions is the right fit for Foreclosure.com's short sale property liquidation needs," said Jim McArthur, President of LoanResolve. "We work closely with both the lender and borrower in developing and executing solutions lenders can quickly implement."
For more information and to learn more about how to either search these short sale listings or to have your home listed among them please visit https://shortsale.loanresolve.com/Default.asp.
With more than 1.8 million foreclosure, preforeclosure, bankruptcy, FSBO and tax lien listings in one place, Foreclosure.com delivers America's largest and most accurate searchable database of foreclosed homes and investment property information to its customers and business partners. Based in Boca Raton, Florida, Foreclosure.com works with hundreds of top lending institutions and government agencies to list diverse property types on its Web site, including Real Estate Owned (REO); Department of Housing and Urban Development (HUD); Department of Veterans Affairs (VA); Fannie Mae; and other government agency and financial institution properties; as well as listings from an extensive network of corporate sellers. On the Web: http://www.foreclosure.com.
LoanResolve, which is headquartered in Saint Petersburg, Fla., is a leading technology solutions provider to the financial sector that maintains operations throughout the United States and Canada. The company provides products and services for homeowners at risk of foreclosure, mortgage servicers and legal firms involved in default resolution. LoanResolve' solutions include Internet based integrated workflow solutions and professional services. Customers include mortgage servicers, banks, credit unions, mortgage lenders, mortgage insurance companies, real estate organizations, title companies, and foreclosure attorney firms, of all sizes throughout the United States. The company is privately held, For more information on LoanResolve Services visit http://www.LoanResolve.com.
tmyers @ foreclosure.com