Short Sales a Bit More Prevalent

An analysis of 'distressed sales' (foreclosures and short sales) reveals that a greater proportion of single family homes in Broward County are being purchased through short sales (just over 20% of all sales).  Anyone who's been involved in a short sale understands the challenges involved and the patience required.  While patience on the part of buyer and seller is still required, this statistic appears to show some hope that a short sale might be a viable option.  It remains a mystery why lenders are so reluctant to pursue short sales since the average single family home in Broward County sells for about 30% more in a short sale than in foreclosure.