Housing finance giants
Fannie Mae and
Freddie Mac have also made it
Short sales of properties not in foreclosure increased 15% in the third quarter from the second quarter according to
In states such as Connecticut, Massachusetts and Rhode Island, short sales account for more than 40% of all residential sales.
Short sales account for 16% of all sales in Arizona, 14% of all sales in California and 29% of sales in Florida.The final sales price of all short sales was on average $94,896 short of the loan amount. In Massachusetts, the average forgiven amount stood at $171,907, while in California and Nevada, the forgiven amount averaged $135,000. More data on foreclosure trends can be found in the
>To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: email@example.com. RELATED LINKS: