The South Coast Real Estate Round-Up

REO's Drop as Short-Sales Increase to 17.9%

May 26th, 2010 2:11 PM by Christopher Terry

As more and more distressed property owners seek alternatives to foreclosure Bank REO's drop and short-sales increase to 17.9% of all transactions. A recent survey by Cambell/Inside Mortgage found that REO transactions fell to 12.8 in April from 15.4 in March. This survey helps illustrate what many of us in the distressed property arena have known for sometime, that is that lenders are moving more and more toward negotiating with homeowners toward a short sale and trying to avoid forclosuring when possible. For answers to frequently asked questions and additional resources visit http://www.TeamEZREO.com.

Posted in:General
Posted by Christopher Terry on May 26th, 2010 2:11 PM

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