America's Short Sale Conduit Eyes National Expansion - MarketWatch (press release)

The company eclipsed the 25 million dollar mark and expects to have more than 100 million dollars in residential properties in various stages of negotiation by the end of the quarter. Realtors Now the company plans on is expanding its participating Real Estate professional, bank and servicer network across the country. The residential real estate industry continues to be a major obstacle in America's economic recovery. The toxic combination of home value depression, job loss and the lack of new credit has devastated the real estate market. While the loan modification process continues to press forward the reality is many ultimately fail and homeowners are facing foreclosure. But now banks and servicers are more cooperative then ever in helping homeowners to sell and move on leaving the debt behind even offering cash incentives. Daily banks are announcing short sale initiative programs including ten, twenty or even thirty thousand dollars to homeowners who act now, list their home and sell rather than wait for foreclosure. The company then provides liquidity by purchasing commission receivables upfront. The company serves as a nucleus between homeowners, Realtors and banks delivering valuable resources and efficiency to short sale transactions. Darren Bell, the lead negotiator for ASSC says, "Banks and servicers appreciate what we do. We provide them with a complete package, documented properly and reviewed to insure that the request meets with their specific guidelines. We only work with homeowners who pass our prequalification test which includes a lien search, comparable review and an underwriting of the homeowners income, assets, hardship and overall situation. These days I'm seeing counter offers from the banks in 60 days or less. ASSC's singular focus on short sale negotiation makes its service efficient and effective. True to its mission to redefine real estate, ASSC offers an exclusive upfront commission purchase program "Freedom" that provides real estate agents and brokers cash flow within days of listing a short sale property. Last week the company launched its Promise program which provides participating realtors with upfront marketing dollars at the time a home is listed. When the transaction closes the marketing dollars are repaid but if the transaction falls through ASSC is not reimbursed. Cash flow for our real estate partners to build their business is critical during these times. The program is called Promise because we deliver on our promise or they keep our money, we know what we're doing and we'll make that bet," says Bernard Scott the broker of record for the company. Several of the bigger real estate chains are now pursuing ASSC integrating the platform into their organizations. The company itself is a licensed real estate broker but operates through its wide network of real estate professionals uniquely positioned to help the banks reach out to their clients. It's critical to have boots on the ground to reach out in a local way to homeowners and let them know the benefits of selling their home now and starting over. The company seems to have formulated the perfect mix of services and strategies to excite the banks, realtors and homeowners. Even hedge funds that have purchased non performing mortgage loans are looking at this innovative new platform to help them exit at high efficiency. Let's face it the real estate market needs a vibrant new strategy to spark recovery. Primarily, ASSC focuses on residential short sale listings servicing them from start to finish on a contingency basis. For more information call 1800-318-5110 or visit us on the web at www. But here's why you shouldn't  buy an active fund from a broker. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.