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Google News: Foreclosures slow on high-priced homes
[The Tennessean] - Cindy Stanton, distressed property seller with the local realty firm Crye-Leike, said in most cases banks are motivated to sell a distressed property in a short sell, which will mean less of a loss for the lender than a foreclosure might entail.
Google News: Foreclosures expected to soar
[The Tennessean] - But Cindy Stanton, distressed property seller with Crye-Leike in Nashville, said that when a foreclosure sells, it sets off a negative sales cycle. A foreclosure sale blights home values for comparable properties in the neighborhood, Stanton said.
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