Only a few years ago most of the talk about short sales revolved around how to make the process more efficient — meaning shorter, since on average it lasted anywhere from 60 to 90 days. That worry is a thing of the past.

According to a Moody’s Investors Service report, compared to foreclosures, short sales are now a “shorter wait” that helps servicers mitigate the high loss severity associated with liquidating delinquent loans.

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