My common sense solution to fix the housing market, and help the economy - 08/10/09 11:31 AM
In the past three years I have been forced to become an expert doing short sales.  Right now over half my business is dealing with short sales.  One common frustration comes up time and time again.
Here is a typical scenario. A family owns a home that was bought at the peak of the market, or refinanced at the peak.  For example they may owe 400,000 on a home that is only worth 250,000.  The owner is employed, but with the economic slow down they are making less money then they did when they took out the mortgage.  They have attempted to … (4 comments)