According to an article posted on HousingWire.com, foreclosures costs are expected to increase 5-10% in the upcoming year. The answer for many lenders will be more short sales. Short sales typically recover 10% more than a foreclosure. Click the link below to read the full article. 

Higher loss severities on foreclosures will push servicers to short sales in 2011: Fitch

As a team of  CDPE-designated agents, we can help you or someone you know find the best alternative to foreclosure. We've prepared a free report on mortgage modification and other solutions for struggling homeowners, that you can share with anyone who may find it useful. Download it at the site below:

http://www.teamfirnstahlhelps.com/