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Short sale Vs. Foreclosures

Real Estate Agent with Hot Properties

March 27, 2008 05:18 PM

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

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Perry Henderson

The Perry Henderson Group at Berkshire Hathaway Texas Realty - Austin, TX

Your Austin REALTOR

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

Mar 27, 2008 05:37 PM

Mary Warren

Las Vegas, NV

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.

Mar 27, 2008 05:44 PM

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Rainer
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