Pre-Foreclosure Short Sales Jump 19% in Second Quarter

Aug 24, 2011 by

Short sales shot up 19 percent between the first and second quarters, with 102,407 transactions completed during the April-to-June period, according to RealtyTrac. 

Over the same timeframe, a total of 162,680 bank-owned REO homes sold to third parties, virtually unchanged from the first quarter.  RealtyTrac’s study also found that the average time to complete a short sale is down, while the time it takes to sell an REO has increased. Read More

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