short sales: Will Short Sales Overtake Foreclosures?
- 08/31/10 07:24 AM
I saw a recent webinar from Remax and RealtyTrac about the ratio of Foreclosures to Short Sales. Currently about 3/2. Three foreclosures to Two Short Sales. Will Short Sales overtake Foreclosures? I seriously doubt it. Here's why. I've had 3 Short Sales with firm well qualified buyers become Foreclosures because the Banks, 3 different ones, proceeding with the Foreclosure and refusing to wait for the Short Sale to be approved by the same Bank who is Foreclosing. I believe the Banks prefer Foreclosure. They just assign the property to a management company and forget about it. The Short Sales require a … (5 comments)
In the world of Real Estate it seems the Foreclosure Market will continue for quite some time. The fact is foreclosures have always been around but I'm talking about Foreclosures dominating the news and the Homes for Sale in Woodstock, Georgia as well as across the country. Yesterday I attended a webinar from RE/MAX and RealtyTrac about where we are in the market. It seems we still have a very long road ahead. Did you know one in four mortgages … (0 comments)
I saw a recent webinar from Remax and RealtyTrac about the ratio of Foreclosures to Short Sales.
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