OCC: Short Sales and Deed–in-Lieu-of-Foreclosure Actions Relative to Newly Initiated Foreclosures

Short Sales and Deed–in-Lieu-of-Foreclosure Actions Relative to Newly Initiated Foreclosures

Third Quarter 2008

New short sales and deed-in-lieu-of-foreclosure actions relative to newly initiated foreclosures increased for all loan categories in the third quarter.

Prime loans had the most new short sales and deed-in-lieu-of-foreclosure actions relative to newly initiated foreclosures during the third quarter.

Subprime loans had the fewest new short sales and deed-in-lieu-of-foreclosure actions relative to newly initiated foreclosures in the third quarter.

Short Sales and Deed-in-Lieu-of-Foreclosure Actions (% of newly initiated foreclosures)
	First Quarter	Second Quarter	Third Quarter
Prime	2.68%	3.31%	5.99%
Alt-A	2.61%	3.17%	4.89%
Subprime	2.28%	2.67%	3.39%
Other	1.97%	3.41%	5.50%
Overall	2.47%	3.13%	5.01%

Short Sales and Deed-in-Lieu-of-Foreclosure Actions (% of newly initiated foreclosures)

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Short Sales and Deed–in-Lieu-of-Foreclosure Actions Relative to Newly Initiated Foreclosures

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