This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Altisource And Its Hubzu(R) Real Estate Sale Platform Launch New Online-Assisted Short Sale Program

LUXEMBOURG, June 4, 2013 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions, S.A. (Nasdaq:ASPS), a leading provider of services and technology solutions for the real estate and mortgage industry, announced today the launch of its new Assisted Short Sale program. The innovative solution is poised to significantly increase the transparency of short sale transactions, shorten servicers' approval timelines and reduce the processing burden on borrowers and their real estate agents.

The Altisourceā„¢ Assisted Short Sale program leverages its Hubzu ® Real Estate Marketplace ( ) to provide a unique, efficient and fully transparent marketing and bidding process for short sales. By ensuring that homes are actively marketed and pending offers are published on Hubzu, Altisource expects to attract multiple bids on short sale properties improving the likelihood that homes are sold at market value quickly.  

"Short sales can be quite frustrating for both sellers and buyers as the existing process is complicated and often forces servicers to make quick decisions based on limited information," said Joseph Davila, President of Altisource Mortgage Services. "Our program takes advantage of Hubzu's ability to provide equal and open access in the marketplace and an efficient platform to successfully transact. We make those benefits available to all parties involved in the process."

Hubzu has been running a very successful online residential home sale platform that has generated more than 70,000 successful home sales since 2009. Servicers evaluating a short sale loan resolution now have the option to incorporate Hubzu into the short sale marketing process.  Hubzu drives buyer traffic from its customer base (generating more than four million property views per month) to secure timely and competitive bids for homes on the website.  The transparent marketing format and public display of competing bids associated with Hubzu and the Altisource Assisted Short Sale program, helps mitigate servicers' fears that homes are being sold below true market price. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.41 -1.50%
FB $116.87 0.12%
GOOG $693.14 0.31%
TSLA $245.96 -0.71%
YHOO $36.56 -0.08%


Chart of I:DJI
DOW 17,777.48 -53.28 -0.30%
S&P 500 2,064.97 -10.84 -0.52%
NASDAQ 4,775.5350 -29.7560 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs