St Louis Mortgage Lending and Refinancing Loan: Foreclosures And Short Sales Push Market
St Louis Mortgage and Real Estate News –
St Louis Mortgage Lending and Loan Reduction News: 26 Percent Of Home Sales Are Foreclosures And Short Sales
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Consultant
According to a RealtyTrac report released yesterday, 26 percent of all homes sold last year were foreclosures and short sales.
Homes already foreclosed on and repossessed by banks, called REOs (real estate owned), sold for an average of 36 percent less than normal sales, RealtyTrac reported.
Meanwhile, the discount for homes sold while they were still in the foreclosure process (short sales) was 15 percent as followed by the St Louis Refinancing Group news team.
"It's like the post-holiday sales at


