Foreclosure, lender-mediated sales up in Q3
Oct 17th, 2008 | By RT Staff | Category: Midwest RegionMore than one-third of all Twin Cities home sales closing in the third quarter involved lender-mediated or foreclosed properties, up from only 9 percent during the same period a year ago, according to a survey released Thursday by the Minneapolis Area Association of Realtors.
A lender-mediated sale, also known as a short sale, is the result [...]