Short Sales Archive

Return Buyers on the Rise

Millions of former homeowners experienced a foreclosure or shortsale over the last 9 years.  Eventually these borrowers will return to the housing market.  Participants in the 4th quarter Survey of Mortgage originators survey were asked if there was a...

Shadow Inventory in June

Shadow inventory – defined as the number of properties in the foreclosure process or in serious delinquency status – fell modestly in June from the prior month and is well below the level of one year ago.  The overall...

Sellers With Previous Foreclosure or Short Sale: Access to Mortgage Financing

Homeowners who had experienced a foreclosure or short sale are starting to return as homeowners, although access to financing is posing a constraint, according to information in the August REALTORS® Confidence Index Survey report. About 23 percent of respondents...

Distressed Sales Down

Foreclosed property in January was reported as selling at a 20 percent discount, while short sale properties sold at a 12 percent average discount according to the January REALTORS® Confidence Index. Approximately 24 percent of sales were distressed (foreclosures,...

Distressed Real Estate Sold at 20 Percent Discount in November 2012

Based on information from the November 2012 REALTORS® Confidence Index Survey, foreclosed property sold on average at a 20 percent discount, while short sale properties sold at a 16 percent average discount. The discount to market experienced by distressed...