REA Accelerated Marketing Group, an online bidding platform, is partnering with short sale technology provider National Quick Sale. Short sales have been gaining in popularity but suffer from a delayed approval process. By putting the short sale up for auction the property gets more visibility and true market value can be assessed based on how much borrowers are willing to pay for the property vs. relying solely on a BPO or other type of valuation, the two companies said. At the MBA National Mortgage Servicing Conference in San Diego, Jim Satterwhite, EVP at National Quick Sale, said, "We have created a platform that brings all parties together. This is the type of synergy the industry needs to get things moving."
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