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Sign into your accountBroker Marketing: CoreLogic Short Sale Study Signals Investor Buying Spree
June 07 2011
Recently, CoreLogic released a study on Short Sales. The objective of the study was to use CoreLogic’s extensive property record database to analyze the level short sales that result in a 20% to 40% resale within months of the short sale transaction.
In this study, CoreLogic examined over 450,000 single-family residence short sale transactions occurring over the past three years. A short sale, as defined by this study, is a real estate transaction in which the borrower, being unable to pay the mortgage on the property, is permitted by the lender to sell the property for less than the total amount due on the loan, at a loss to the lender.