2012 could be record year for short sales

RealtyTrac: Short sales outnumber REO sales in California, Arizona, Florida

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2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac released today.

Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A total of 32 states saw annual increases in short sales, and 12 states saw more short sales than REO (real estate owned) sales.