Posts from September 2011

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September
1

Short Sales: Has Their Time Finally Arrived?

September 1st, 2011 by Ruhl Marketing Team

Last week, RealtyTrac released its Q2 2011 U.S. Foreclosure Sales Report. The report confirmed what we are hearing in the marketplace – banks are beginning to look more favorably on short sales as option to foreclosure. The report dissected the sales of distressed properties in the second quarter of 2011. Here are several of their findings:

Sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales in the second quarter of 2011, down from nearly 36 percent of all sales in the first quarter.
A total of 102,407 pre-foreclosure homes (short sales) sold in the second quarter, an increase of 19 percent from the previous quarter.
A total of 162,680 REO homes (foreclosu...

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Posts from September 2011

Short Sales: Has Their Time Finally Arrived?

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Short Sales: Has Their Time Finally Arrived?

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