The short sale trend is still surging. In fact, short sales are passing foreclosures in frequency because banks see it as a better route when compared to foreclosures. In addition, mortgage servicers are increasing the pace of approving short sales in order to move away from the stereotypes short sales have acquired of moving too slowly through the process.

The rate of short sales increased33% this last year and "[We] believe 2012 could be a record year for short sales," says Daren Blomquist, vice president at RealtyTrac. So cross your fingers that the process will be sped up and this year will continue to bring positive news to the market.

 

Source: “Short Sales Expected to Surge This Year,” CNNMoney (April 19, 2012) and “Short Sales Start to Outpace Foreclosures,” REALTOR® Magazine Daily News (April 19, 2012)

 ATHOMEINBOZEMAN
  

 
This post has been included in Montana Real Estate News

4 Comments on Real Estate Market & Short Sales

APR
23
2012
652,818 Points 9 Featured Posts Outside Blog Called Shot Master
It seems like buyers and agents are getting more comfortable working with them and will wait them out if they are a good deal.
10:11am • #1
Outside Blog

Agree.  Thanks for the comments.  Tim H.
10:16am • #2
279,934 Points 14 Featured Posts Outside Blog Called Shot Master

yes very much so, but be careful on how you line up the short sales as nationally still 1/3rd are falling apart.
11:38am • #3
Outside Blog

Short sales are definitely very 'fragile' deals.  Thanks Mark.   Tim
4:28pm • #4


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Tim Hart

Tim Hart

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