General World News

Distressed homeowners have a new path to avoid foreclosure

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property.

SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. It has facilitated more than 533,000 transactions for a total value details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com