A transparent marketplace helps prevent foreclosure and protects homeowner equity.
Seller Pam Mormino had a home that was listed on the MLS for about $30,000 less than what she owed.
“I needed to do a short sale because it didn’t appraise out enough for what I owed, which was $165,000. So, I listed it with the Realtor for $134,900,” Mormino said.
Mormino then used Auction.com’s pre-foreclosure MVP program. She ended up not only beating the highest offer from the MLS, but an elated Mormino walked away with equity discovered through the transparent auction marketplace.
Watch the latest episode of Disposition Download to learn more about Mormino’s MVP sale, including how much the property sold for and by how much MVP beat the MLS offer.
Visit Auction.com/MVP for more information.