I came across this excellent article from one of the blogs I frequent - By Elizabeth Weintraub, on About.com. It spells out how financial organizations see a short sale and gives some really good advice when you end up working with one of these homes. Even after reading this article tread very carefully, this could be a potential mine field legally. We are not seeing a huge amount of these but the number of foreclosures is rising slowly.
Good afternoon Georgia - I went to the link you had and got to a page about Elizabeth, I wasn't sure which (there were lots) link to do next. Where is the article, I would like to read it, thanks.
Great piece. I really enjoy your take on the potential mindfield that is "short sales." Here in AZ many sellers are attempting this as a last resort. Unfortunately they are not aware that most of the time there is no easy way out. Some agents are not aware of the potential danger in representing a client in such a transaction.
by the way, Do you have an outside blog that I can add to my Blogroll ?
Thanks and look forward to reading your thoughts on the world of real estate.
Thanks for the comment, I have been doing some looking at the AZ realestate. I think many areas would be good potential investments. Like Lake Havasu area. I do have an outside blog at http://wwwstormlakerealestate.blogspot.com/ , I do write more on my Active Rain blog though.
Have a great day, let me know what you think of the Lake Havasu area.
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True a short sale will ruin your credit. I saw the sam article by Eliz Weintraub Hampton NH REal Estate