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Short Sales Surge as Foreclosure Alternatives | Real Estate News

Short sales are making a major comeback in real estate, offering underwater homeowners a lifeline to avoid foreclosure while often proving more profitable for lenders than going through the full foreclosure process. This resurgence mirrors the Great Recession, with transactions steadily rising over recent years. Though complex and time-consuming—often taking 4-6 months due to lender approvals—homeowners can stay in their homes during the process, helping maintain property value. Facing financial distress? Don’t panic: reach out to your lender’s loss mitigation team and consult experienced…

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