In the last episode of Disposition Download, we discussed whether home equity is a foreclosure panacea.
Today, we’re looking at why more distressed homeowners don’t sell their homes to avoid foreclosures and how the Auction.com Market Validation Program (MVP) for pre-foreclosure short sales can help them avoid foreclosure while also helping them uncover any hidden equity in their home.
“Since MVP launched in 2020, 41% of properties brought to auction have received a higher offer on the Auction.com platform than the highest offer received on the Multiple Listing Service, or MLS,” said Daren Blomquist, VP of Market Economics.
Watch the latest episode of Disposition Download to find out how a transparent preforeclosure auction marketplace may be able to produce better results for distressed homeowners. If you missed our previous episode, you can watch it here.