GSE Short Sale Volume Up More Than 150 Percent

A few months ago, we posted that Freddie Mac reported its short sale volume was up 600%. Today, REOInsider reported that “short sale volume is up more than 150% from volume in 2Q09, according to the Federal Housing Finance Agency’s second quarter government-sponsored enterprise (GSE) ‘Foreclosure Prevention & Refinance Report.’”

We weren’t surprised at the report back in June, and we’re not surprised now. Short sales are on the rise nationwide. More and more agents are receiving training in assisting distressed homeowners, and there is a movement to provide solutions to these homeowners facing foreclosure.

If you’re one of these agents, we encourage you to share your stories. What are you seeing in your market? Has there been an increased shift?

Join the conversation!