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Short Sales & Deed-In-Lieu Actions Rising Fast

July 10, 2009

U.S. Treasury Department agencies announced that short sales
and deed-in-lieus rose 176% in the first quarter year-over-year. Though still
dwarfed by foreclosure numbers, these methods were particularly prevalent with
prime loan borrowers. This goes to show how tough economic times really are. when the prime mortgage industry is taking a beating, you know that banks are lending out too much money. Short sales have been on the rise in Lexington Kentucky. While this is a very stable region, unlike New York Florida and California, it still shows the impact of this recession.

http://latimesblogs.latimes.com/laland/2009/07/short-sales-up-sharply-regulators-report.html