Sentences with phrase «completed short sales since»
No one tracks how many short sales have been reported as foreclosures, though RealtyTrac data show more than 2 million Americans have completed short sales since the housing bubble burst.
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«More must be done to streamline short sale transactions, since many potential home buyers are simply choosing to walk away from transactions due to the length of time it takes for lenders to approve and complete these sales.»
Expanding the focus of the company to include wholesaling, rehabbing, new construction, rental properties, and short sale mitigation, AARE has since completed over $ 70 million in closed real estate transactions, including more than 170 rehabs and rebuilds with multiple active projects currently in process, and manages over 50 rental units in New England, Pennsylvania and Florida.
Since the beginning of the Hope Now initiative in 2009, an estimated 1.32 million short sales have been completed.
DeMarco noted that FHFA has completed more than 1 million loan modifications since 2008 and helped millions more families avoid foreclosure through a short sale, deed - in - lieu or other alternative.
However, Price says that even a short sale doesn't put borrowers in the clear since it can take a long time to complete such transactions and increase the chance of a foreclosure.