short sales: Do you really understand short sales?
- 10/15/09 11:54 AM
It seems the real estate market has once again changed focus. Most properties on the market today are listed as a short sale. What has caused the change? I believe a couple of things occurred which redirected the market. The first was the moratorium on foreclosures. In an effort to slow the "free fall" of prices due to an unprecedented number of properties being foreclosed the government place a foreclosure moratorium on banks that received "bail-out" money. Second, the Treasury Department has set aside funds for the Making Homes Affordable program whereby the same banks who had the moratoriums are now (2 comments)