Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Saving Up Not to Buy...but to Sell
I knew it was coming and it finally happend in September of 2011, a Valued Seller made the decision to stop paying their mortgage to force a Short-Sale on their home.  I knew it was coming because most of the market evaluations I have been presenting since early 2008, my Valued Sellers have owed more on their mortgages, than what the comparative market analysis multiple listing computer software (cma-mls) has been suggesting as the best list price for their home. 
In so many cases I've had to do a reverse net.  Meaning, I've had to start with what they owed and calculated their additional selling expenses, added them to what they owed to determine the bottom-line selling price they could accept and not have to come to the closing table with money.
Then, I've had to go back and search in the MLS to see if I've missed any recent sold comparables supporting the price they really need to sell their home.  We have such a large amount of homes on the market that have not sold in the Chicago, Illinois area marketplace with such high market-times.  It doesn't help to have a combination of Foreclosures and Short-sales combined making up over 25% of the listings on the market. 
... more

__________________________________________________
Are you on The Rain? Grow Your Network!