Shedding light on short sales

ZipRealty also launches pending sales map

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Online brokerage ZipRealty has launched a microsite that explains short sales from the perspective of either a homeowner or a homebuyer, the brokerage company announced this week.

"While nearly 13 percent of home listings across our markets nationwide are currently short-sale properties, many clients are confused about how these sales differ from standard sales, and we want to help eliminate this confusion through education," said Patrick Lashinsky, ZipRealty’s president and CEO, in a statement.