I have not heard this for the Charlotte area.

Not in 2016 in my opinion. Possibly late 2017 or early 2018 if prices keep escalating and lending standards loosen!

There will be a statistical increase. But nothing close to the Tsunami of 2010.

The increase will be driven through the culmination of expired temporary measures. economic hardship driven by health-care costs, consolidation of services to fewer resources giving the statical increase the appearance of a surge.

Although statistically higher than the before 2005 numbers. (yes, short sales have existed long before Bank of America bankrupted so many citizens) short sale occurrences will not be meaningful regarding their influence on real estate sales or the economy.

I hope not.  But, I'm sure there will always be some.

We don't pay attention to this market. We strickly deal in "regular" sales...

I think this will continue now as consumers see that it works, and its easier now. No reason to honor your commitment any longer, if you don't like the house, don't hang in there and tough it out just short sell it and start again.

Sally and David - I have not heard of this happening. Home values have increased so much since 2008-2011. Short sales can only happen if home values decrease, so we will have to wait and see if that happens.

Sally & David,
Fewer ARM’s and new construction, tighter lending sine the last time. Maybe a few but not a “wave.”

Good morning Sally. Not unless there will be a downturn in real estate values in 2016, right now I don't see that.

Sally K. & David L. Hanson I doubt it will be so soon. The prices are already up now - and likely to remain up for a while.

Most likely we will see Short Sales again when market goes down!

The coal mines are a major, big money, employer in my area. We have seen over 600 jobs lost in the last few years and more are expected. I think we might be seeing more short sales and foreclosures coming my way because of this. Although real estate is local.

How many economies are based upon mining these days? I really am an extremely rural market. With this statistic...now maybe people will get that. I have 29K people in my county and losing 600 jobs is a big deal. 

They haven't raised fed rates for ten years telling us the economy is shaky-waky. Prepare for anything based on whose running for President too

I listen to some financial experts who say that there are large chunks of properties that were bought out of foreclosure a couple years ago by large investors, and those are nearing maturity where they can sell them now. That may affect the market adversely, driving down prices, and in turn causing hard-ships for those trying to sell because they NEED/HAVE to move.

Only time will tell, not going to fret about it though.

I have not heard it, but I wouldn't rule it out.

I am not sure about a wave. I am seeing a wave of new foreclosures, virtually all of which got loan modifcations and are or have defaulted once again despite new lower or even 0% rates. If the fed raises interest rates, look out.... it could halt things in their tracks.  Even though rates would still be low, it is how the public sees it

OMG...I certainly hope not...but I know there are many who are convinced that it will happen.... will it never end!!

Sally K. & David L. Hanson In this business anything is possible. I'll just wait and see what happens.

No. I do not think so

I haven't heard of this --- real estate is local.  What may be true in my market, may not be so in others.  

In Denver they are predicting another year of great sales and value increases.  Our distressed market is very minimal.

There have been some rumblings, but I don't see a wave, although, I have had a large number of sellers that got $8,000 for buying a home that can't make it...that may be the wave.

News to me - but we are certainly equipped to handle them if they surface

This is news to me.  I haven't heard anything about it in our area. 

We never had a wave of short sales and don't expect a wave in 2016.

Yes, and unfortunately, I do not think any government agencies will step in to help out. Banks will have free rein to put folks on the street this next time.

We do not have any of the factors happening here that caused it in 2006.

In fact we have the opposite evidence:

• The banks aren't over investing in non-performing notes, because in part, the less non-performing notes.
• strong economy & job market.
• shorts sales have never ended here, just diminished-where as in 2006 I'd never seen anyone have a pre-foreclosure need in San Diego since the early 1990's.
• appraisers are ultra-conservative here to the point of being a pain in the butt.
• I'm not seeing anyone using their homes like ATM's here anymore.
• huge demand, no supply
• prices are not climbing at unsupported rates (they were in in The Bay Area though).
• lending is still like going to the proctologist; especially now with TRID.
• But, I worked through and survived the single biggest Depreciation in history since the Depression, so if I did it before, I can do it again. I'm a CDPE x3 certifications, a charter member of Equator and about 300 distressed properties notched on my desk.
• What are you seeing in your area that leads you to believe otherwise?

As there are still many under water it could be specially with the profits the banks are making.

I do not see that happening in our area. 

Not a wave, but after 2007 the awareness of doing a short sale instead of a foreclosure was heightened. There is always some sector of the economy in some area that is falling off, like energy in my state that puts people in jeopardy.

yes - I am getting about 4 a month now.

I'm still seeing short sales here, and I know of some upcoming short sales. They will continue whetehr they come in waves or not, I can't predict.

Someone mentioned that to me on Wednesday that they say it on the horizon.