Market Validation Program™

THE RESPONSIBLE FORECLOSURE ALTERNATIVE
THAT PROMOTES CONTINUED HOMEOWNERSHIP AND NEIGHBORHOOD STABILIZATION

Auction.com has been a short sale authority since 2013. Its Market Validation Program (MVP) leverages the power of Auction.com’s 6+ million user platform to validate and usually beat traditional Pre-Foreclosure market offers. MVP can:

Offer a graceful solution for homeowners and occupants

Provide a better economic outcome for buyers, homeowners, and servicers

Stabilize neighborhoods by reducing the consequences of distressed homes

Offer a graceful solution for homeowners and occupants

Auction.com’s experience with Pre-Foreclosure sales is unmatched, closing more than 4,000 short sales since 2013.

Auction.com MVP offers beat out MLS offers half the time (50%)*
*As of June 8, 2022

Winning MVP offers beat MLS offers by an average of $41,000 (17%)*
*As of June 8, 2022

A WIN-WIN-WIN FOR HOMEOWNERS, SELLERS, AND NEIGHBORHOODS

MVP benefits all parties involved in the Pre-Foreclosure process. Whether it’s allowing access and transparency to ensure the best and highest offer, helping servicers handle growing volume, or educating homeowners about avoiding Foreclosure, we’ve simplified a complicated process so that everyone wins.

MVP BENEFITS INCLUDE:

Foreclosure prevention
Transparency allows equal access for buyers
Graceful exit for homeowners
Better price execution for sellers
Neighborhoods and community stabilization
Helping homeowners to maximize home equity

VALIDATING AN OFFER

Auction.com coordinates with the servicer to obtain information regarding the customer’s current offer and the servicer’s minimum net proceeds. Then we invite the individual or entity with an existing offer to participate in the bidding.

Our process leverages the power of our competitive marketplace to validate and frequently beat the current offer. This ensures that sellers receive the highest and best price for the property and even uncovers hidden equity.

WHY AUCTION.COM SHOULD BE YOUR PRE-FORECLOSURE PARTNER

MVP is comprised of four critical pillars that are the result of almost 15 years of distressed property disposition experience and data collection.

Technology
Easy-to-use, time-tested platform that helps homeowners, agents, and buyers meet their disposition goals.

Customer Care
A fully trained care team educates homeowners, provides assistance throughout the sales process, and helps close the Pre-Foreclosure sale.

Borrower Options
Groundbreaking choices give homeowners the flexibility to choose their move-out option.

Market Validation
After 15 years, over $55 billion in sales, a $100 million annual marketing spend, and 6+ million registered users, the Auction.com platform has proven outcomes and unmatched transparency.

“A competitive and transparent pre-foreclosure auction marketplace will not only uncover any equity by gaining the highest and best offer for the home, it also will help homeowners avoid foreclosure and the damaging credit hit that comes with it.”

– Daren Blomquist, Auction.com VP of Market Economics

“Ultimately MVP helps to resolve that default quickly and efficiently and allows the consumer to gracefully exit to another property.”

– Toby Wells, CEO, Specialized Loan Servicing

“Elated. It really relieved so much stress on me.”

– Pam Mormino, who used MVP to sell her home for $45K above the highest MLS offer

“The promise of pre-foreclosure MVP is most fully realized in a competitive and transparent online auction marketplace. When used in tandem with traditional pre-foreclosure methods, online auctions ensure equal opportunity for a broad spectrum of prospective pre-foreclosure buyers. This, in turn, ensures the highest and best offer for these homes — which is good for the distressed homeowner, surrounding neighborhood, and the mortgage servicer.”

– Ali Haralson, Auction.com President

“A traditional short sale can go on for very extended periods of time with no resolution. This program condenses it. We have a price, we have a market. Generally, we are able to sell it very quickly.”

– Toby Wells, CEO, Specialized Loan Servicing

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