HomeGain assessed satisfaction levels by sales type and found that homeowners who purchased a home through a short sale were the most likely to be pleased with their choice.

Moody’s reports that as servicers work through the bulk of their delinquencies, modifications are on the decline. Servicers are now turning to loss mitigation alternatives, including short sales and deeds in lieu, Moody’s says.

Here is a list of phone numbers for most of the larger lenders. If we can help you out in any way on your short sale don't hesitate to give us a call at 904-945-4257.

Lots of sales, but more soft prices and shorts until we clear up the current economic situation that many home sellers got themselves into. Massive over-leveraged debt is no longer in fashion, and that sentiment extends even to the big banks. Here's the trends we expect to see:

“There are about 900,000 properties in Florida that are in some stage of distress — 370,000 already in foreclosure and another 530,000 with mortgages that are 90 days past due....Of those, about 720,000 will have to be sold through foreclosure or short sales within the next 18 to 36 months, McCabe predicted.” http://www.heraldtribune.com/article/20120112/article/120119896?p=1&tc=pg

NEW YORK – July 28, 2011 – Ocwen Financial Corp., a servicer of residential mortgages, launched a new loan modification program to reduce the principal on a mortgage for delinquent borrowers, but the borrowers must agree to let loan investors share in future appreciation of the home’s value when the market recovers. © Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688

Distressed property sales accounted for 31% of all houses sold in the US. http://www.mainstreet.com/article/real-estate/housing-hope-short-sales-surge-19

Citigroup--or more specifically Citigroup's mortgage servicing branch CitiMortgage, has been averaging a $12,000 payment to borrowers upon completion of a short sale this year. By comparison, the mortgage servicer had a $1,500 payment average in 2009 and a $3,000-$5,000 payment in 2010.

Nationwide housing prices hit an new 8 year low. That's about a 3 year supply. Lender initiated foreclosures were down 29% due in part to Short Sales, and more agents using Short Sale Processors like Hope Consulting.

Roughly 46% of all outstanding mortgage loans in Florida were in negative equity at the end of the first quarter —