Short Sale News 2012

Short Sale News 2012 Short sales of U.S. homes rose to a three-year high in the first quarter as banks agreed to let more borrowers unload property at a loss, putting the transactions on pace to surpass deals for foreclosures, RealtyTrac Inc. said. Sales of homes in the pre-foreclosure process increased to 109,521, up 25 percent from a year earlier and the most since the first three months of 2009, the Irvine, California-based data service said today. Most of those transactions were short sales, in which the lender agrees to a price that’s...

read more