short sale: Short Sales the new Norm as Bank of America tests a new Short Sale Program. - 08/15/10 05:35 PM
In case you haven't heard ~ Short Sales are the new norm.  The number of short sales in the US has tripled since 2008.   Freddie Mac reported that short sales were up 600% over two years ago and in Freddie Mac's financial statement for the second quarter of 2010  it was reported that there have been 22,117 short sales in the first half of 2010, up nearly 180% from 7,914 in the first half of 2009.
In the second quarter of this year (2010), Bank of America completed more than 25,000 short sales, almost three times the amount completed in the … (8 comments)

 
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