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Loan Modification

: The Truth About Mortgage.com

Distressed Sales Account for Nearly Half of Home Purchase Activity

By scot184

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Distressed property sales increased last month as first-time homebuyer activity slipped, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. In January, a staggering 49.6 percent of home purchase transactions were considered ?distressed,? the highest level in nearly a year. The share of distressed properties, which includes bank-owned properties (REO) and short sales, was [...]

Full post as published by The Truth About Mortgage.com on February 22, 2011 (boomark / email).

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