Short sales rising

Although foreclosures remain rare, short sales – selling below the balance remaining on a mortgage – are slowly rising.

The areas where the the most short sales are currently occurring include (the percentage of short sale listings are added):

1. Lakeland, FL – 6.7%
2. Pueblo, CO – 6.4%
3. Colorado Springs, CO – 5.8%
4. Putnam, CT – 5.6%
5. Farmington, NM – 5.1%
6. Poughkeepsie, NY – 4.8%
7. Vallejo, CA – 4.6%
8. Rockford, IL – 4.5%
9. Shelton, WA – 4.1%
10. Mountain Home, ID – 4.0%