Need Mortgage Help?
Fast Mortgage Rate Quotes

Mortgage Lenders Are Shifting Away From Short Sales

Comments (0)
Bookmark and Share

“After a surge in short sales in late 2011 and early 2012, the favored disposition method for distressed properties is shifting back toward the more traditional foreclosure auction sales and bank-owned sales,” said Daren Blomquist, vice president at RealtyTrac. “The combination of rapidly rising home prices – along with strong demand from institutional investors and other cash buyers able to buy at the public foreclosure auction or an as-is REO home – means short sales are becoming less favorable for lenders.”

source: Mortgage News Daily

Tags: , ,

Related Information:
  1. As Treasury yields go, so go mortgage rates
  2. Home Affordable Refinance Program
  3. Home sales in Alpharetta, Johns Creek, Suwanee and the rest of North Atlanta are booming.
  4. Mortgage Morning Outlook
  5. Mortgage rates are benefitting from trouble in Egypt

Chad VonHoven has written 12 articles on Real Estate Financial – Get a fast qoute

Chad VonHoven has been involved in commercial and residential mortgage lending for greater than 10 years. He is a graduate of Georgia Tech and an accomplished Airline Transport Pilot.

Contact the author

0 Responses to “Mortgage Lenders Are Shifting Away From Short Sales”

  • No Comments

Leave a Reply

Mortgage Rates