Real estate blog entries tagged with short sales vs foreclosures gwinnett ga realtor by Eric Reid (Renaissance Realty Group )

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Home : Blogs : Eric Reid : Georgia Real Estate : Tag "short sales vs foreclosures gwinnett ga realtor"

short sales vs foreclosures gwinnett ga realtor: Are Short Sales Helping or Hurting the Current Market - 06/30/09 10:24 AM

Slow approval process for short sales hampers housing rebound
Experts believe that the current level of housing inventory has to come down for the industry to get into a phase of sustained recovery. Short sale transactions offer a win-win-win situation to buyers, sellers, and lenders, and help clear the housing inventory available for sale. While short sales have risen in the last year or so, experts believe that banks are still not fully prepared to approve the transactions in a timely manner. Rick Shargo, vice president of marketing at RealtyTrac, said: "Interminable delays of six weeks to three months are not … (1 comments)

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Eric Reid

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