Liquidation rates shrink, despite rise in short sales: Morningstar

The percentage of short sales in total distressed sales has climbed to 53 percent, from 45 percent. "The increase in short sales has not accelerated the overall speed of liquidation. In fact, there is a noticeable decline in the liquidation rate since the third quarter of 2012, when the short sale percentage continued to rise, but the months of inventory stopped declining," the Morningstar report states.

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Precedent Management boosts HOA, tax business with acquisitions from Prescient Liquidation rates shrink, despite rise in short sales: Morningstar PDF Overall morningstar rating*- institutional Shares INST. – Overall Morningstar Rating*- Institutional Shares INST: BMSIX A. Typically, when interest rates rise, there is a corresponding decline.

The median price of a house in August was $610,000, about $5,000 less than in July. For attached homes like condominiums or townhouses, the median sales price in August was $400,000, down $5,000 for the month and but up $25,000 since August of last year.

As of February, short sales as a percentage of total distressed sales increased from 45% to 53%. "The increase in short sales has not accelerated the overall speed of liquidation.

We are seeing a massive deleveraging as banks must now shrink balance sheets. Capital becomes scarce and expensive, with only the best credits having access. Thus even if the Fed lowers rates, the.

Lengthy foreclosure timelines carry hidden costs for homebuyers The downside in non-judicial foreclosure is that land contract home sellers can’t sue their foreclosed homebuyers for negative loan balances. Non-judicial foreclosures, though, take less time than.

March 2010 Remittances. may be able to get one of the two borrowers to pay $1,500 despite having already. implement a short sale focused liquidation strategy relative to other servicers will.

The cure to zombie foreclosures Liquidation rates shrink, despite rise in short sales: morningstar The forecast would have represented an increase of 1.2 percent over the 5.04 million sales pace (these data are reported as a seasonally adjusted annual rate). Instead, the report showed a drop of 1 percent from the revised November sales rate of 4.99 million and an almost 2 percent drop from the original report.Extrapolating the thrill of an R-rated zombie movie into a weekly TV series. which.