Appendix F—Short Sales and Deed-in-Lieu-of-Foreclosure Actions

Fourth Quarter 2008

Short sales and deed-in-lieu-of-foreclosure actions require borrowers to forfeit their homes to pay (partially or in whole) mortgage debts. Short sales and deed-in-lieu-of-foreclosure actions allow borrowers to avoid foreclosures and lessen the impact on their credit ratings.

New short sales and deed-in-lieu-of-foreclosure actions totaled 17,577 during the fourth quarter, a 27 percent increase from the third quarter. Short sales and deed-in-lieu-of-foreclosure actions increased for all risk categories during the fourth quarter.

Prime loans had nearly 49 percent of new short sales and deed-in-lieu-of-foreclosure actions during the quarter.

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