Short sale transactions are known for their protracted timelines, often taking six months or more to complete, lost documents and concern over the legitimacy of the transaction. In many cases, short sale transactions are not finalized due to frustration with the process. Deeds-in-lieu of Foreclosure transactions present different challenges to borrowers and servicers and are often unsuccessful due to the lack of agreement among all stakeholders in the transaction. With both Short Sale and Deed-in-Lieu transactions, there are significant opportunities for servicers to shorten their processing time and reduce their investors holding and collection.
Altisource™ offers short sale and deed-in-lieu services that leverage over 20 years of highly successful borrower outreach and debt collection expertise founded on consumer psychology principles and research. Our short sale services offer centralized communication and lifecycle management that includes borrower contact, valuation, asset management, junior lien negotiation, buyer qualification and title and settlement services.
With Altisource, you can augment your short sale and deed-in-lieu strategies through the convenience of a single-source solution or as needed during high volume periods. For your borrowers, Altisource provides an easy to understand, quick and transparent process.