Fitch Comments on Short Sales for US Residential Market

According to Fitch, the trend toward more short sales of distressed residential real estate loans in the U.S. is gaining momentum. Fitch expects the increase in short sales to continue because of the potential benefits afforded to both lenders and borrowers. For lenders, short sales provide a a better cheaper alternative to the lengthily and costly foreclosure process and for borrowers it is a way to walk away with cash initiatives and avoid bad credit reports.