REO/Short-Sale Mix

This chart makes it clear – servicers are pushing for short sales, instead of foreclosure:

3 Comments

cara on August 6, 2010 at 8:23 am

What’s PPSF, Jim?

Thanks. The amount some of those non-distressed numbers of sales are up is impressive.
Jinx on August 6, 2010 at 8:29 am

ppsf = price per square foot

Vegas short sales increased 78.3%? Holy cow.
clearfund on August 6, 2010 at 10:59 am

jinx – that vegas number isn’t staggering when you look at the DECREASE in REO. Jim’s point is valid that they are just shifting strategies, while the combined volume remains fairly stable/static on a macro basis.