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Short Sales Increased with 15% in Third Quarter of 2012

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Foreclosures have been something that many home owners have been choosing over short sales. The third quarter of 2012 is now showing a reverse trend where pre foreclosures have been outnumbering the sales of bank owned homes. The third quarter shows that 22 percent of all sales go to pre foreclosures. 41 percent goes to all distressed sales. Compared to last quarter, short sales have increased with 15 percent for the third quarter of 2012. Read Realtor Magazine and their recent article Short Sales Make Up Bigger Share of Market for more information by clicking the link below.