SHORT SALES ACCELERATE AT AN INCREASING RATE In a report that may be considered numerical ammunition to the argument that short sales are heating up faster than modifications, Equator announced that it ushered along more than 125,000 short sale transactions, from November to February, since launching an automated short sale platform states another article scooped by Housingwire. Comparatively, the 113 servicers participating in Home Affordable Modification Program (HAMP) conducted 170,000 permanent modifications since its launch in March 2009. Short sales are growing in demand, and other outsourcing and technology firms are flooding the market with new ways to make the transactions easier. But, because short sales require a sign-off from so many different parties, the pipeline often bogs down easily.
Posted on by Stout Law Firm