Short Sales Cost Lenders $310m More Than Necessary, CoreLogic Study Finds

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Do borrower rights improve borrower outcomes? Evidence from the. it will take much longer to foreclose and will cost the lender even more.. In this paper a mortgage is considered to have ended in short sale if it is marked as "paid off" in CoreLogic but the mortgage investors.

As such, the extent of short sale fraud nationwide is unknown. A real estate short sale is a type of pre-foreclosure sale in which the lender agrees to sell a property for less than the mortgage owed.

for quicker short sales, there is an indication that flopping may increase, as financial 17.86 institutions push through these deals. A recent CoreLogic ( CLGX +0.56% study finds more than half of short sales happen in Arizona, California, Florida and Texas are projected to cost lenders an estimated $310 million in unnecessary losses In 2010.

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In the second in a series of white papers exploring the "Foundation for a Sound Housing Market" CoreLogic looks at the Ability-to-Repay (ATR) and Qualified Mortgage (QM) standards that are due to.

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Start studying Florida laws. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Search. Create. Log in Sign up. Log in Sign up. 80 terms.. A valuation product used by lenders involved in short sales of distressed property is called a. how many acres in a township.

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2011 | Srcar – CoreLogic 2011 Short Sale research study highlights. Following are key findings from the study: It is estimated that lenders, servicers and investors may incur potential losses in excess of $375 million in 2011 due to suspicious short sale transactions. This is up more than 20 percent from $310 million in estimated losses for 2010.

What to do with a reverse mortgage if you remarry. loan is so important that if the current lender balks, your pal should try other lenders.. short sale and the sales price was more than 20%.