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I have been doing a lot of work in the foreclosure market. Foreclosures have not taken over our market like a lot of places, but there are more of them. Some banks seem to be a pain in the neck to negotiate with. I have had much better experience with short sales for some reason. It seems that the banks are more willing deal with you before they go through the foreclosure process.

Does anyone else see this? Or is it just something I am making up in my head.

 

MIKE DAVENPORT

www.smartselllisting.com

 

 

2 Comments on Short sale Vs. Foreclosures

I hate the "f" word. It's the only sellers market in america

03/28/2008 12:37 AM by Perry Henderson and the Live Well Team at Prudential Texas

I wrote a contract on a 'bank owned' property this afternoon....it's a first in 20 years in the biz.  I've done my share of short sales.  We kind of 'low balled' it because it's been up for sale for 400+ days and is full of mold.  It will be interesting to see how this goes. 

03/28/2008 12:44 AM by Mary Warren, Las Vegas Real Estate (Keller Williams Southern Nevada)

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Real Estate Agent: Michael Davenport Charlotte Real Estate Broker (Hot Properties)
Michael Davenport Charlotte Real Estate Broker
Concord, NC
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Cell Phone: (704) 658-6942
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Mike Davenport's thoughts and statistics for Real Estate activity in the Greater Charlotte Area. Including daily updates on Highland Creek and other Cabarrus County Neighborhoods


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