Chronos Solutions, a real estate services firm, along with its affiliate company, RealtyBid, introduced a new service to help sellers in the disposition of HUD, VA and non-performing loan sales.

The new product, Trustee Sale Plus, diminishes servicers’ transaction risk in the event a third party doesn’t purchase the property at the courthouse auction.

RealtyBid provides second chance online auctions, “plus” title curative and Chronos’ signature HOA/Condo Lien Identification and Resolution service, collectively called ConveyancePrep.

“The title curative process can be expensive and many servicers simply aren’t set up to do it,” Matt Martin, CEO and co-founder of Chronos Solutions, said.

Martin also pointed out that a number of other realities routinely make the process cumbersome for servicers.

“There are significant time and cost savings for a servicer by allowing a trusted third party provider such as Chronos to manage its auction programs through a product like Trustee Sale Plus,” added.

Based in Frisco, Texas, Matt Martin Real Estate Management recently announced it rebranded as Chronos Solutions.

The company made the decision in order to better encompass its plans to offer a wider array of real estate finance services.