There are 2 blog entries for January 2012.
The number of distressed single-family homes that changed hands through the short-sale process more than doubled here to 29 in 2011 from a dozen in 2010.
The growth in short sales came against the background of a similar, but less dramatic, increase in properties that sold through foreclosure. And the totals in Routt County are apt to be even greater: The research done by Colorado Group Realty for this article relied on the Steamboat Springs Multiple Listing Service for its data and reflects only sales in which a Realtor was involved.
Short sales are processes through which homeowners avoid the foreclosure process by negotiating with lending institutions to accept a sale for less than the outstanding principal on the owners’ mortgage. The banks can…