The KCM Blog

Short Sales

The Devil Is in the Details

July 8, 2011

Distressed Property InfoGraphic CoreLogic information on Shadow Information: http://www.corelogic.com/about-us/researchtrends/shadow-inventory.aspx  LPS information on inventory/sales ratio:  http://www.lpsvcs.com/LPSCorporateInformation/ResourceCenter/PressResources/MortgageMonitor/201105MortgageMonitor/LPSMortgageMonitorMay2011.pdf RealtyTrac information on discounts on short sales and foreclosures: http://www.realtytrac.com/content/news-and-opinion/foreclosure-homes-account-for-28-percent-of-q1-2011-sales-6586 Share

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Housing Market Casting a Smaller Shadow

June 29, 2011

The inventory of future short sales and foreclosures which will be coming to the market is known as ‘shadow inventory’. Future real estate pricing will be determined by the number of these distressed properties which eventually reach the market. These properties sell at major discounts: short sales at a 10% discount foreclosures at a 35% [...]

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Are Short Sales Getting Easier?

June 22, 2011

Short sales (where the lender agrees to accept less than the mortgage amount due on the sale of a property by a seller) have never been easy to complete. We are not suggesting that they now will be easy. However, there is mounting evidence that the banks are seriously favoring short sales over the option [...]

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Is a Short Sale or a Foreclosure My Best Option?

May 4, 2011

We get asked this question quite often. In a rapidly changing market, it is difficult to give absolute answers. Much depends on your family’s personal situation. However, if you realize that you can no longer make the payments, you may have to decide between doing a short sale or letting the home go to foreclosure. [...]

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Month’s Shadow Inventory: State by State

March 29, 2011

Last week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map showing the percentage of overall sales that distressed properties represented in each state. Today we want to show you another map from the same NAR outlook. This one shows the number of months shadow inventory by state: NAR [...]

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Distressed Properties: Discounts and Difficulties

March 25, 2011

Most buyers want to make sure they get a ‘good deal’ when they purchase something. Purchasers of real estate are no different. That is why many decide to buy a distressed property (a foreclosure or a short sale). The National Association of Realtors (NAR) last week reported foreclosures, on average, sell at a 22% discount [...]

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