PRLog - Sep. 6, 2012 - MARIETTA, Ga. -- ATLANTA―September 6, 2012―2012 may be a record year for short sales in the United States, according to RealtyTrac, the web’s largest online database of US foreclosures and publisher of the monthly US Foreclosure Market Report.
According to their analysis of the first quarter of 2012, short sales are at their highest quarterly level since 2009, increasing by 16% from the previous quarter. In January alone, the number of short sales in the US increased by 33% since January of last year.
In total, short sales accounted for 12% of all home sales in the US during the first quarter of 2012.
With a recent announcement by the Federal Housing Finance Agency, the rate of short sales is only expected to increase. The FHFA has released new guidelines for lenders of Freddie Mac and Fannie Mae loans in regards to short sales. These new guidelines set stipulations to shorten the amount of time lenders can take to review short sale requests.
Many real estate professionals have seized upon the growing distressed property market as an opportunity to serve a niche community of homeowners in distress. They have begun turning to various educational platforms, such as the Master Short Sale Certification™
GIANT Real Estate Solutions, LLC is a company educating real estate agents and brokers to work confidently in the distressed property market. GIANT is home to the Master Short Sale Certification™
Upon successful completion of the Master Short Sale Certification™
Over 12,000 real estate agents and brokers have already been trained, together helping more than 3,500 homeowners in the US avoid foreclosure.
As the short sale rate in the US is expected to continue its rise, expect to see more and more real estate professionals competing in the new market, pursuing additional designations such as a Master Default Intermediary™
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