As any agent will tell you, pulling off a short sale is no easy task. With all the moving parts involved in such deals, the approval process can drag on for what may feel like an eternity, sometimes still ending in rejection. But the CEO of a company that helps investors resolve delinquent loans says he’s built an app that streamlines the short-sale application and review process, allowing homeowners and agents to obtain short-sale decisions in a fraction of the time it takes today. Normally, agents and borrowers spend about 30 days collecting and filling out short-sale paperwork before submitting it for approval, according to Karl Falk, CEO of Summit Mitigation Services and founder of ShortSave. But Falk -- who said he's spent $500,000 of his own money building ShortSave, and w...
Feb 5, 2014 by Inman
Dec 5, 2013 by Andrea V. Brambila