Short Sales Bring 24% Greater Returns than Foreclosures

We're starting to see more and more banks wake up to the fact that Short Sales are much better financially for the bank than allowing a home to go to foreclosure. Our teams has seen first hand evidence of this on Denver Short sales, but it looks like some national statistics and research are finally being released that will bolster this point.

DSNews.com has an article detailing research done by McGeough Lamacchia Realty that documents this:

On average a home sold through short sale brings a 24 percent greater return than a foreclosed property, according to recent findings from McGeough Lamacchia Realty.