She said she lost the houses in short sales because the insurance payments became too high.
And the discounts have diminished too: short sales fetched 15% discounts on average, foreclosures 18%.
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Let's make Wall Street a safer place for starry-eyed investors--by legalizing naked short sales.
Various European market regulators banned the short sales of financial companies last week.
Besides smaller discounts, short sales represent win-win scenarios for all parties affected by default.
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Targets for short sales included mortgage finance companies, specialty finance companies and regional, national and global banks.
Today, short sales are considered a fact of life with the current conditions in the housing market.
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The up-tick rule once only permitted short sales of a stock if a stock price was rising.
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First, failing to deliver on short sales creates "phantom shares" and an artificially inflated supply of stock.
Lenders are resorting to allowing more and more short sales, intending to speed up the healing process.
There are also a lot of short sales on the market that buyers should look out for.
Short sales typically sell for less of a discount and allow a property to avoid bank repossession.
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Lenders repossessed less homes in 2012, allowing more defaulted borrowers to sell their properties in short sales.
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Last year it controversially removed the rule that short sales could only be made on an uptick in a stock.
If they did any short sales before converting, they were violating the terms of the securities they bought.
Foreclosures sold for an average discount of 15% , while short sales fetched an average discount of 13%.
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Properties that typically would have been sold but became short sales and foreclosed homes flooded the rental market.
Despite improving real estate markets, short sales and foreclosure sales will be with us for the foreseeable future.
Short sales are not the only way that potential REOs are being diverted.
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Luciano uses price, volume, big block trades, volatility, short sales, along with psychological factors including fear, safety and greed.
However, brokers frequently have off-setting short sales on their books that remain unfilled.
Reason: Brokers have a habit of cheating retail customers out of the interest earned on the proceeds of short sales.
The complaint also doesn't mention specific short sales for which ETG was charged a fee but the shares were not delivered.
She's probably right about where rates are headed, but what if you don't have the stomach for derivatives and short sales?
In February short sales and foreclosures comprised 25% of home sales, down from 34% a year ago, according to NAR.
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Short sales happen because the loan on the property is larger than the sale price minus all the sale expenses.
"Distressed" properties and short sales make up about 70% of sales, and the farther inland you go away from Miami, the cheaper they are.
Likewise, many homeowners are choosing to unload their homes via short sales.
The new rules partially restore controls that governed short sales for decades.
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Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales!
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