Hubzu Opens Online Auction Marketplace To Agents and Brokers

         Hubzu Opens Online Auction Marketplace To Agents and Brokers

Real estate professionals can now leverage the power of Hubzu to achieve
faster sales

PR Newswire

LUXEMBOURG, Jan. 16, 2013

LUXEMBOURG, Jan. 16, 2013 /PRNewswire/ --Hubzu announced the launch of its
Direct to Broker channel designed to help real estate agents and brokers
achieve faster sales for their clients through auctions on the Hubzu™ online
marketplace. The company's announcement signifies its commitment to support
the $40 billion plus residential brokerage space.

(Logo: http://photos.prnewswire.com/prnh/20120917/PH75166LOGO-b )

Hubzu has been piloting the Direct to Broker channel under a limited release
with select agents since mid-December 2012. Beginning in mid-February, all
licensed and registered agents and brokers can list homes for auction on
Hubzu.com. The Hubzu auction experience helps agents and brokers sell homes
faster than traditional sales. Hubzu provides real estate professionals with
powerful marketing exposure, increased control of their listings and more
transparency throughout the process.

"Our goal is to be a valuable partner in helping real estate professionals
expand their business," said Eric Eckardt, Vice President, Direct to Broker
for Hubzu. "We make it easy and efficient for real estate agents and brokers
to auction homes online so they can spend more time growing their business,"
added Eckardt. "Real estate professionals have been a big part of Hubzu's
success to date, and they understand how Hubzu adds value and generates the
results necessary to grow their business," concluded Eckardt.

Properties sold on Hubzu in 2012 received an average of 9.0 bids and offers
vs. the national average of 3.1 offers per property.[1] Sales time was
dramatically faster with an average of 42 days on market vs. the national
average of 142 days.[2]

There is no cost to the listing agent, broker or the seller for selling
through the Direct to Broker channel on Hubzu. The agent or broker retains
100% of their commission. All buyers pay an auction fee of 1.5% of the
purchase price and a technology fee of $299.

Agents and brokers interested in achieving faster, more efficient and
transparent sales to grow their business can register for free at Hubzu.com.
To learn more about the Direct to Broker channel, contact (855) 267-1900 or
email Sell@hubzu.com.

About Hubzu:

Hubzu is an online residential real estate marketplace that makes it easy for
consumers, investors and brokers to buy and sell homes. From start to finish,
Hubzu provides an entirely online experience – from searching and bidding to
financing and closing. Hubzu is a trademark of Altisource Solutions, S.a r.l.
Hubzu is part of the Altisource Portfolio Solutions S.A. family of businesses.
Additional information is available at www.hubzu.com or follow us on Facebook
and Twitter.

About Altisource:

Altisource Portfolio Solutions S.A. (Nasdaq: ASPS) is a global provider of
services focused on high-value, technology-enabled, knowledge-based solutions
principally related to real estate and mortgage portfolio management, asset
recovery and customer relationship management. Additional information is
available at www.altisource.com.

[1] Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey (May 2012).

[2] CoreLogic, The MarketPulse Report (April 2012).

Investor Contact:               Press Contact:

Michelle D. Esterman            M. Scott May

Chief Financial Officer         Director of Marketing and eCommerce

+352 2469 7950                  770-612-7316

Michelle.Esterman@altisource.lu Scott.May@hubzu.com



SOURCE Hubzu

Website: http://www.hubzu.com
 
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