bpossc: Short Sales Gaining on REO Sales as "Change is Afoot" - 04/19/12 09:05 PM
Short Sales Gaining on REO Sales as "Change is Afoot"
 
by Jann Swanson
"A change is afoot when it comes to short sales," RealtyTrac said on Thursday, releasing new data which indicate, based on January's numbers, that pre-foreclosure sales (most of which are so-called short sales) in the first quarter were the highest since the first quarter of 2009.
In theory, the company said, a short sale has long been viewed as an "elegant solution" to the nation's foreclosure problem. A short sale, in which the lender accepts less money than it is owed, provides a win-win-win for the buyer, … (3 comments)

 
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James A. Browning MRE REOCertified(R) SSCertified

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Browning Real Estate School/REO Institute

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