Short Sales Outnumber Foreclosure Sales For Third Straight Quarter Foreclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale.
Foreclosures Fall To 5-Year Low Foreclosures filings fell 5 percent between March 2012 and April 2012, and 11 percent as compared to one year ago.
Simple Real Estate Definitions : Short Sale A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.