Relevant:
- Discounted Foreclosures Account for 25% of Home Sales in Third Quarter
- Foreclosure sales fall, lenders favoring short sales – USATODAY.com
- 31 Percent of Q2 U.S. Home Sales in Some State of Foreclosure
- Short Sales of Homes Surge as Tax Break to Expire: Mortgages
- Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase
2012-05-31 — boston.com
Homes in some stage of the foreclosure process saw their share of overall U.S. home sales grow in the first quarter even as sales of bank-owned homes fell.
The increase was driven by a spike in short sales, or homes that sell for less than what the owner owed on their mortgage, foreclosure listing firm RealtyTrac Inc. said Thursday.
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