Friday, December 7, 2012

RealtyTrac: Short Sales, Pre-Foreclosure Sales Increase in Q3

Although short sales continue to be utilized more and more as an alternative, RealtyTrac suggested the trend may change if the Mortgage Debt Relief Act of 2007 does extended.

According to RealtyTrac's Q3 foreclosure and short sales report, short sales increased quarterly and yearly by 15 percent and 17 percent, respectively. Out of all residential sales, short sales represented about 22 percent of the total in Q3.  Read more:

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