11
"The clear
advantage
is the
transparency
that the
auction process
affords."
but given the time-sensitive nature of an exit from
forbearance or a pending foreclosure action, it
makes even more sense in that situation.
Again, this is where offerings like Xome's Xpert
Seller program come into play. Our new program
is designed to connect these homeowners with
local real estate agents and guide them through the
entire process, from marketing their home all the
way through the sale process itself. It's designed to
help homeowners make fully informed decisions
through the entire process. In our current market,
homeowners in many areas are likely to see
competitive bidding on their property with sale
prices going 5% to 10% above list price.
e auction platform thrives in a competitive
market. It helps homeowners maximize a sale
price and allows them to cash in more of that
equity. at complete transparency, that platform
is great for all the parties.
From a servicer standpoint, the Xpert Seller
program also helps create capacity. When you
think of the level of exits that we're seeing with
customers coming out of forbearance, there's
going to be a lot of work put on the servicers'
plates. is program allows our team of experts to
take that customer from real estate agent selection,
all the way through the closing of the transaction,
taking the work off the servicer's plate. e clear
advantage is just the transparency that the auction
process affords. All offers from a much wider
audience of interested buyers are presented in real
time, so we ensure fairness in that process and
help those homeowners maximize their equity.
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