This chart makes it clear – servicers are pushing for short sales, instead of foreclosure:
REO/Short-Sale Mix
by Jim the Realtor | Aug 6, 2010 | Market Conditions, Short Sales | 3 comments
by Jim the Realtor | Aug 6, 2010 | Market Conditions, Short Sales | 3 comments
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Gibson, Ford, Brock, Seaver, Kaline, Morgan, Niekro, Lasorda, Sutton and now Hammerin Hank. We’ve lost some of the greatest to ever do it this year. @TommyLasorda is gonna have a hell of a roster to manage up there. #RIPLegends
What’s PPSF, Jim?
Thanks. The amount some of those non-distressed numbers of sales are up is impressive.
ppsf = price per square foot
Vegas short sales increased 78.3%? Holy cow.
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.