A short summary on home Short Sales

Good News:

The number of short sales has increased 12.6% in the second quarter of 2011, with short sales making up about 8% of all home sales thus far this year. Financial institutions appear to be more open to negotiating sellers’ negative equity… and thus, not going forward with the foreclosure process.

Reposted with permission: KCM Blog October 28, 2011

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