Bank of America says it is stepping up efforts to increase the number of short sales it completes. Short sales were rare before the housing crash accounting for less than 1% of all sales. Now they take up 12% of the market, according to RealtyTrac. Bank of America is on track to complete 100,000 short sales in 2011.
I just did one of those today, a real smart buyer hired me instead of the agents inspector.