Tax Credit and Short Sales: The Clock is Ticking
If this face isn't enough to extend the tax credit deadline I don't know what is? But we all know it cooommming unless of course we stick to bank owned and normal resales for a bit. Knowing that 1 out of 5 homes under contract are short sales how can Uncle Sam not feel the pressure and get speedy legislation requiring the banks to move faster or else find an alternative to make Jolene Consumer happy. Yes, that may mean the banks need to hire more qualified staff to handle the enormous workload in an efficient manner. I understand they're learning as they go, but it's been nearly 3 years of this so far and little has changed with the big boys. However, in defense of many smaller lenders the efficiency or turnaround times have improved by leaps and bounds. Heck I've seen and heard some close in 45 days.
The truth is they can't and shouldn't be avoided if we're fulfilling the ethical standards of our profession. People in this situation need our expertise more than anyone. So, I'll deal with that face as long as I can look at mine in the mirror when the day is done.
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I'm Kevin Wood of Realty Executives, and I'm the author of this post. You can reach me through email at kwood@gotucson.com , 520.260.3123, or visit my website at HomesInfoTucson.com. I have helped people just like you move in and out of Tucson for over 4 years. In a previous career, I represented Honda Automobile Corporation for 10 years. During that time, I placed among the top 5% of all sales consultants nationwide for overall client satisfaction and volume. My office is conveniently located on Kolb Road 1/4 mile south of Tanque Verde.
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