Tuesday, October 16, 2012

How Many Short-Sales Since 2009?

As I'm reading my daily news, Realtor stuff, Mortgage info...I came across one that sounded like every other one. "Lookie here how much we've done!" It's about the HOPE NOW information that has been collected regarding the number of homeowners that have been given permanent loan modifications, principal reductions, and completed Short-Sales.

All with the ultimate goal in mind...Avoid Foreclosure.

But, Really, Lookie Here:

Short-Sales completed since December 2009 ~ 1,013,565

HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, also stated that the industry has seen 5.75 million loan mods.

Between the Short-Sales and Loan mods, 6.77 Million in avoiding foreclosure for American homeowners.


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