Short Sales are Hot

``Banks don't want to be real estate managers,'' said Doug Duncan, chief economist of the mortgage association. ``The fact that delinquencies are rising means we're going to see more pre- foreclosure sales.'' read about it here

This is a good thing.

Sub-prime lenders are having no difficulty in finding buyers for their portfolios . . . Santa Monica, California-based Fremont said in a statement. The buyer wasn't identified. The loss reflects a discount to face value of about 4 percent, less than most analysts and investors had expect. read about it here