Over the past year, the mortgage risk analysis firm Clayton Holdings says it has witnessed an overall increase in short sale activity.
Because of the growing emphasis on keeping borrowers out of foreclosure, servicers are becoming more inclined to employ alternative loss mitigation strategies. And Clayton says the added benefit to servicers – the one with dollar signs in front of it – is that loss severities for properties sold through short sale are 13 percent lower than loss severities for REO sales.
In states with extended foreclosure timelines, short sale loss severities dropped even lower – 26 percent below REO loss severities…
Latest posts by Renee West (see all)
- NEW CONSTRUCTION ON THE BLUFFS OF CORONA DEL MAR.4541 BRIGHTON ROAD, CORONA DEL MAR- “THE CROWN OF THE SEA”. OFFERED FOR $27,995,000. - September 18, 2018
- 9 Del Mar, Newport Coast, Newport Beach, CA. “Truly the finest estate in Crystal Cove”. Listed at $35,000,000. Contact Agent Renee West at firstname.lastname@example.org for full disclosure. - August 30, 2018
- 42 Deep Sea in Crystal Cove, Newport Beach. Offered at $21,995,000. - August 29, 2018