Non-foreclosure short sales accounted for about 28 percent of Maryland residential sales in 2012, according to a report released Thursday by foreclosure listing service RealtyTrac Inc.A short sale occurs when the sale price of a property comes in below the estimated amount of its outstanding loans. This type of sale accounted for about 22 percent of all U.S. residential sales in 2012, according to Irvine, Calif.-based RealtyTrac. That was a 4 percent increase over 2011.Maryland was one of 12…
Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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