Short Sale Study
The objective of this study was to take a scientific, data-driven approach to analyzing mortgage short sales. A short sale is a real estate transaction in which the borrower, being unable to pay the mortgage on the property, is permitted by the lender to sell the property for less than the total amount due, at a loss to the lender. During this study, CoreLogic® examined over 450,000 single family residence (SFR) short sales transactions occurring in the past three years. The analysis was intended not only to establish the current trends in the short sale arena, but also to uncover the inherent risk and opportunities associated with these transactions. CoreLogic is pleased to share the benefits of its data and the results of this study with the lending community, contributing to the industry-side effort to understand and minimize mortgage losses.
