Distressed sales remain persistently high, particularly short sales. Markets with the biggest increases in short sales tend to be those where either foreclosure starts or scheduled foreclosure auctions have rebounded in the last 18 months—translating into more motivated short sellers—or those with a still-high percentage of underwater homeowners with negative equity. However, not everyone can comprehend this information, let alone understand how it influences the real estate market. This is why companies like Churchill Mortgage, a Tennessee mortgage company, offer free reports to their clients to provide them important updates on the industry. The information in these reports is intended to help both existing and potential mortgage payers to make better decisions relating to mortgages, such as rate readjustments, scouting for reliable mortgage brokers, and the like.
http://tennessee.churchillmortgage.com/industry-news/a-few-things-to-help-you-understand-tennessee-mortgage-reports/
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