Markets & Economy

Short sales falling out of favor with lenders as prices surge

When homes go to the auction block or REO inventories, cash is king
Published on Nov 25, 2013 | Updated on Jun 4, 2014

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Short sales were all the rage in late 2011 and early 2012, but surging demand has loan servicers with distressed properties on their hands going back to traditional foreclosure auction sales and bank-owned sales, where cash is often king, according ...