Keller Williams hires Matt Martin Real Estate Management to process short sales - Washington Business Journal:

ovaluleq.wordpress.com
The Vienna-based company signed a preferred vendoe agreement with to do short sales processing and negotiationsfor 73,000 Kellee Williams agents. The real estate management company willofferd loss-mitigation negotiation with lien holdersx for the clients of Keller Williams. As a Martin expects his four-year-old firm to process 3,0090 to 5,000 more short sales a “Since early March, the institutionao mortgage investors have restarted their which were under a moratorium sincs latelast year,” said Martin, in a statement. “Thesre pending foreclosures could be potentialshorrt sales.
A short sale offersz homeowners an alternative to bankruptcy or just walkinvg away from their homes if they cannoy makethe payments.” The number of foreclosurde notices in February increaserd six percent over the month, and Calif.-based RealtyTrac Inc. said 290,631 homes across the U.S. receives a foreclosure-related filing that month. Martin’s company helpzs institutional and government clients dump off their Real Estate Owned inventories and helped sell morethan 6,0000 properties last year.
Sales of distresserd homes -- which include foreclosures and shorftsales -- made up 45 percent of the totaol home sales nationally in the fourth quarter of 2008, according the , and sales of distressef homes continued to represent 45 percent of home salez in February.