Forclosures - While banks are waiting for a bailout, short sales may be the best answer for Idaho homeowners

There are apparently a large amount of foreclosures looming on the horizon.  Deemed 'shadow' foreclosures that banks are holding while waiting to see if they're going to get a bailout.  

The estimates according to RealtyTrac are between 600,000 to 700,000 residential properties and pose a significant threat to the housing recovery.

Read the full article: 'Shadow' Supply Of Foreclosures May Delay Housing's Recovery

Professionals are having trouble getting loans modified and the number of foreclosures according to this article may be set to rise again.  As I've been saying for months that the drop in the number of foreclosures reported was artificial.

It still may end up being that a short sale going to ultimately be a troubled Idaho homeowners best shot at avoiding foreclosures as we're still getting approvals from lenders on those. 

for more information on Idaho foreclosures and short sales visit

HopeForIdaho.com