Evaluation of offers. Handle all offers received on REO Properties and reject, counteroffer or accept offers based on business rules and authority matrix agreed upon between Altisource and Residential. Altisource has pre-approved authority from Residential to approve offers as follows: (a) Initial list price of $15,000 or less —offers greater than 60% of latest list price; (b) Initial list price of $15,001 to $30,000 —offers greater than 85% of latest list price; (c) Initial list price of $30,001 to $150,000 —offers greater than 90% of latest list price; and (d) Initial list price of $150,001 or greater —offers greater than 95% of latest list price.
Appears in 4 contracts
Sources: Master Services Agreement (Altisource Residential Corp), Master Services Agreement (Altisource Portfolio Solutions S.A.), Master Services Agreement (Altisource Residential Corp)