The founder of Foreclosure.com launched a Web-based short sale offer management system.

Brad Geisen said his new system, Quicksale.com, handles marketing, processing negotiating and closing services and pays real estate agents a commission when they facilitate short sales through the site.

“Banks lend money, they're not in the business of marketing and selling real estate — certainly not on today's current scale — and their loss mitigation departments are just too overwhelmed at this point, Geisen said. “QuickSale.com is a structured tool that provides much-needed support and relief.”

He added, “It short circuits the entire foreclosure process to ensure the best possible outcome for all parties involved.”

Write to Austin Kilgore.