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Tag Archive | "short sale"

Springs company launches short sale app

Wednesday, August 8, 2012

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Summit Mitigation Services, a Colorado Springs-based short sale company, is finding new success with its mobile app. The company launched its My Short Sale Score six weeks ago and it’s already the top-rated short sale app on the market, according to a release from the company. Summit initially developed the app for internal use. It […]

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Empire Title partners with national short sale company

Tuesday, July 17, 2012

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Empire Title of Colorado Springs announced a partnership with Summit Mitigation earlier this summer. The partnership will allow the title company to help clients work through the short sale process more easily, according to a press release from Empire. Empire has a short sale subsidiary, Short Sale Solutions. “We were kind of on the forefront […]

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Report: Lenders working with borrowers to reduce foreclosure

Wednesday, May 9, 2012

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Short sales, loan modifications and other alternatives are driving down the number of foreclosures, according to a report released today from CoreLogic, a California analytics firm. Foreclosures are on the decline because banks are working with borrowers, home sales are increasing and prices are stabilizing, according to the report. Other findings: • Short sales, modifications […]

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CoreLogic: Shadow inventory still high

Wednesday, December 21, 2011

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Shadow inventory numbers were down year-over-year in October, but were up from July numbers, according to data from real estate analytics firm CoreLogic. Nationally, there are 1.6 million housing units in foreclosure or more than 90 days delinquent on mortgage payments. That represents a five-month supply of real estate inventory. That’s down from 1.9 million […]

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Short sales up in Colorado

Tuesday, August 30, 2011

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Short sales are making up a greater percentage of all home sales in the country and especially in Colorado. Recently released data from RealtyTrac show that short sales – when lenders allow homeowners to sell their property for less than they owe on it – accounted for 17 percent of all sales in Colorado during […]

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