Peak Corporate Network dominates California's short sale market

Even though foreclosures have plunged since 2010, short sales are still thriving and now make up more than 20 percent of all home sales, reports the Los Angeles Business Journal.
“We have a lot more competition than we used to, but there’s no business tougher than short sales. And I don’t think there’s many people who know more about it than I do,” Peak Corporate Network‘s Eli Tene told the business journal. Tene’s company closed just under 1,000 short sales last year and describes his operation as an assembly line.
While Tene and his business partner, Gil Priel, have founded other real estate companies dealing with everything from escrow services to loan modifications, short sales are currently Peak Corporate Network’s biggest money maker. New legislation such as SB 458 will only help companies like Peak increase their volume of short sales during the downturn.