Foreclosure Sales and Short Sales Account for 43 Percent of U.S. Residential Sales in 2012

Fraudclosure

Foreclosure Sales and Short Sales Account for 43 Percent of U.S. Residential Sales in 2012

Non-Foreclosure Short Sales Increase 4 Percent, Account for 22 Percent of all Sales
Pre-Foreclosure Sales Increase 6 Percent Annually, REO Sales Down 15 Percent

IRVINE, Calif. – Feb. 28, 2013 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Year-End and Q4 2012 U.S. Foreclosure & Short Sales Report™, which shows a total of 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010.

These foreclosure-related sales accounted for 21 percent of all U.S. residential sales during the year, down from 23 percent of all sales in 2011 and down from 28 percent of all sales in 2010.

Properties not in foreclosure that sold as short sales in 2012 accounted for an estimated 22 percent of all residential sales — bringing the total share of distressed sales to 43 percent including both foreclosure-related sales and non-foreclosure short sales.

Other high-level findings from the report here…

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4closureFraud.org

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2 Responses to “Foreclosure Sales and Short Sales Account for 43 Percent of U.S. Residential Sales in 2012”
  1. The banks are pushing destressed homeowners into short sales or threat of foreclosure if they do not short sale. So the homeowners are short saling to prevent foreclosure. A thuggery threat by crooks to make it look like it is the homeowners choice to short sale.

  2. Please go to my facebook page and sign my fair mortgage petition.

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