A New Technology Built to Facilitate Automation in Real Estate Title
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business show and editor on this website, interviewed Brian Spitz, CEO and Founder of GoodDeed.
On a recent Price of Business show, host Kevin Price and guest, Brian Spitz, discussed about the a unique curative tool and service, built to facilitate automation in Real Estate Title, diagnose potential title issues, and create resolutions within seconds.
After 15 years of buying over 4,000 homes directly from sellers, Brian Spitz and his team at Big State Home Buyers developed a great deal of expertise in identifying and curing real estate title defects. Spitz sees the real estate market inching towards a fully automated environment but knows Title will soon be the roadblock, preventing instant real estate transactions. GoodDeed is a technology Spitz developed to bring automation to the title process and remove roadblocks in the closing process.
According to the American Land and Title Association (ALTA), 30% of homes in America do not have clear title. Title problems commonly arise from issues like IRS liens, credit card debt, unpaid student loans, home ownership in second marriages, etc. GoodDeed is built to handle those issues at the start of a real estate transaction, quickly predicting complexity, probability of closing, pricing and curative solutions for any potential title problem.
Over the course of the next 20 years, 70 million baby boomers will leave roughly $9 trillion dollars of real estate to their heirs – many without wills. Those inherited homes will require a lot of curative title solutions at a time where 75% of expert escrow agents will be retiring or at the end of their careers. GoodDeed is there to meet the present and future market demand for title solutions.
GoodDeed is currently in beta-testing with RE professionals in Texas. It’s patent-pending information architecture allows this product to scale nationally. GoodDeed will be ready for the general market in Texas and other key states in 2020. We are actively pursuing opportunities to demonstrate the product’s value to relevant stakeholders and investors. For more information see us at www.GoodDeedTitle.com.
The Price of Business is one of the longest running shows of its kind in the country and is in markets coast to coast. The Host, Kevin Price, is a multi-award winning author, broadcast journalist, and syndicated columnist. He is Editor at Large for this site. Learn more about the show and its digital partners at www.PriceofBusiness.com.
LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE
