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""National Quick Sale"":http://www.NationalQuickSale.com, a Florida-based provider of short sale automation technology, announced Tuesday that it has entered into a business partnership agreement with real estate and mortgage services provider ""Hollander Financial Holding Inc."":http://www.HollanderFinancial.com of Claremont, California. Through[IMAGE]this venture, National Quick Sale plans to promote the use of its short sale platform's capabilities through Hollander's nationwide network of real estate professionals.
National Quick Sale explained that its Web-based technology enables all parties in a short sale opportunity to easily monitor workflow and complete documentation requirements in a condensed time frame. Using the National Quick Sale platform, the company says short sales can be completed in a matter of days, rather than the several months the process typically entails.
Hollander Financial will bring its relationships with approximately 1,000 independent Realtors around the country to the National Quick Sale platform, working with both buyers and sellers to execute timely short sale transactions. As a national mortgage banking firm, Hollander Financial will also be offering financing options to provide additional continuity to the process.
""Short sales can be complex,"" commented Mark Hollander, president of Hollander Financial. ""National Quick Sale has found a way to simplify and accelerate them immensely, and it is our role to bring that message to the marketplace.""
[COLUMN_BREAK]According to Mark Hollander, real estate professionals see the enormous potential offered by short sales as an alternative to foreclosure and a sound exit strategy for borrowers in trouble.
Rich Rollins, founder and CEO of National Quick Sale, echoed this sentiment. He says he believes short sales represent one of the best ways for the U.S. housing market to regain its health and vitality with a minimum of government involvement and taxpayer expense.
""Short sales let the market do most of the work in the recovery process,"" Rollins said. ""Instead of foreclosures and vacant houses, motivated buyers can benefit from realistic offers and lenders can reduce losses substantially. This partnership with Hollander Financial means thousands more people can sell their homes and avoid the pain and misery of the foreclosure process.""
The U.S. Treasury Department's Home Affordable Foreclosure Alternative (HAFA) program goes into effect in April, requiring supervised lenders to offer short sale and deed-in-lieu options to defaulting homeowners prior to commencing the foreclosure process. While considered a highly positive program, HAFA brings with it the challenges of accomplishing short sales in shorter time frames than are typically possible without the assistance of technology.
National Quick Sale says its technology platform is able to help lenders and servicers meet the requirements of the HAFA program by organizing and directing the offer management and workflow tasks for all parties involved in short sale transactions, with easy access via the Web.
""It is really perfect timing,"" Mark Hollander said. ""The market understands that short sales are a logical answer to many of its problems, and National Quick Sale is there to make the process work in significant volume and scale.""
He also noted that Hollander Financial will be represented in the National Quick Sale exhibit at ""The Five Star Institute's Short Sale Summit"":http://www.fsishortsalesummit.com in Las Vegas, Nevada, on March 10th.
