Colorado Company Launches Short Sale Mobile Application Poised to Make a Big Impact on the Real Estate Industry

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MyShortSaleScore, already a top rated mobile app, is a real estate game changer and the most powerful short sale tool on the market.

Short sales are on the rise across the nation, and Colorado Springs based Summit Mitigation Services (SMS) has recently launched a mobile app that helps real estate professionals make sense of the complex short sale marketplace and close more sales.

SMS provides short sale negotiation services and technology tools, including their new mobile app MyShortSaleScore, to homeowners, agents, brokers, title companies and attorneys. View demo here:

“MyShortSaleScore gives real estate professionals the ability to predict the ease or difficultly of any short sale transaction with a 97% confidence ratio“ said Karl Falk, SMS CEO and president. “Additionally, the app allows the user to manage their short sale business wirelessly via iCloud, which is unprecedented in our industry right now. This will transform the way short sales and listing appointments are handled in the future.”

A short sale is an alternative to foreclosure that has benefits for both homeowners and creditors. Short sales of U.S. homes rose to a three-year high in the first quarter of the year, putting 2012 on track to be a record year for short sales, according to RealtyTrac.

After only 6 weeks in the market, MyShortSaleScore is the top rated short sale app in the app store. MyShortSaleScore allows agents to generate tailored short sale reports about a property, putting powerful decision-making knowledge in the palm of their hand, like whether or not to negotiate the sale on their own or enlist the help of the SMS negotiation team. In addition to rating and scoring properties, the app allows users to save property info, owner info; record audio files, pictures and notes; map properties; link to Facebook; and sync to their other devices through iCloud.

“The idea for the app started internally. Through our experience with thousands of short sale transactions we had created a statistical model around 17 scoring criteria in order to assess the ease or difficulty of every file. We figured this would be a great tool for Realtors® and decided to create a mobile app with the functionality,” Falk states.

The SMS team closes well over 80% of the short sales they negotiate, significantly higher than the national average of less than 50%. By using the mobile app as a conduit to share their knowledge and expertise, SMS gives real estate professionals the ability to increase their short sale closing ratios, too. In fact, they estimate the end user Realtor® will see a 22% increase in annual income when using the app. More home closings mean less homes going into foreclosure, which is a win-win situation for everyone: realtors, buyers, sellers and the entire Colorado and US economy.

The app is currently available through both the Apple and Android app stores. The basic version is FREE with an in-app option to upgrade to the pro version for $9.99.

Summit Mitigation Services, LLC is a nationally recognized short sale and debt negotiation company. Striving to combine progress in technology with new ways of doing business, SMS offers cutting edge professional services, education and technology tools for professionals in the short sale industry. President and CEO Karl Falk, is a Policy Advisor for The Distressed Property Coalition and an Air Force Academy Graduate. His team is comprised of some of the most talented negotiators in the short sale industry. For more information, visit

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Jessica Henley
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