| Mortgage servicers bypass foreclosure delays with more short sales | |
| Mortgage servicers contending with attorney general investigations and extended foreclosure delays turned more to short sales in the past year. In August 2009, short sales accounted for 8% of all liquidations of distressed properties. That number grew to 25% by the middle of 2011, according to research from Moody’s Investors Service. Meanwhile, the time it took from [...] | |
According to Louisiana Realtors Association, those homes that are in some stage of foreclosure sold in the second quarter of this year for approximately 30% less than other homes’ price in the same market. – Mitzi
This article was sourced from www.housingwire.com
Mitzi Anthony is the Marketing Rep for Choice Title LLC, you can respond here, or contact her directly mitzi@choicetitle.com
