I was just trying to explain - "Failed Short Sales Take Heavy Toll"

By
Real Estate Broker/Owner with Vision Real Estate

Ironically I come across an Inman News article that supports what I believe.  All the failed short sales or damaging the market, which ultimately damages our own business.

Don't you agree?  What can we do to stop the short sales from damaging the market? 

Click to read the rest of this article posted on Inman News:

"Finally, this huge problem is being looked at and openly discussed. What is taking so long? Because of the lack of lender cooperation we have lost billions of dollars in property values, caused additional unemployment, strain on local tax revenues and more homes going into foreclosure."

Comments (2)

Lisa Wetzel
RE/MAX Realty Affiliates - Carson City, NV
CDPE, SFR carsonvalleyland.com

I don't agree!  Some are failing but many more are closing and ... that's what it's all about!

Hang in there!  The industry is changing!

May 10, 2009 04:26 AM
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

Hi Jaret and Kristi.  My business partner and I currently have 17 transactions on our board in our office.  Of those 14 are short sales.  We've had some good success with short sales, but I understand your frustration and concern about short sales.  I have been blogging about short sales now for the past year and a half or so.  If the banks would streamline this process, and this process alone, we would see a HUGE uptick in our economy.  It's that simple. This one process.  Get it fixed and our economy will be golden again.  I just wish the politicians and heads of the financial institutions could recognize this.  Good post, hang in there, and best of luck to you.

May 10, 2009 05:30 AM