With the foreclosure process stalled, JPMorgan (JPM) turned to short sales, using those on 61%...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

With the foreclosure process stalled, JPMorgan (JPM) turned to short sales, using those on 61% of its delinquent mortgage liquidations in 2011. The result was a good one: the bank says the short sales resulted in an average 56% loan loss vs. 71% on REO sales.