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SHORT SALE UPDATES Short sale updates indicate 2012 may be the year it peaks. Bankers understand accepting a partial payment on a mortgage vs. going through a foreclosure is much better. Short sale updates have expedited the short sale process whereas they will pre-approve a potential sale...
SHORT SALES SUPERSEDE FORECLOSURES In January short sales supersede foreclosures for the first time with 23.9% compared to 19.7% as opposed to 16.3% for short sales and 24.9% from a foreclosure the prior year. Short sales are obviously the best path to take when faced with a distressed situa...