2010 What What??????
This is a good blog and it's time for all to get ready for more short sales
2010 is going to be interesting. There are plenty of properties already foreclosed upon not coming to the market for various reasons, but they have to come. There are plenty of people attempting Loan modifications that should be able to get it done, but are not, and some that really never had chance, but are trying will come to market, and for those who I speak with on the inside, short sales WILL become the dominant market in sales before 2010 ends and probably into 2011 (in some areas).
That is an interesting situation. It will be interesting to see how the banks "suggest" sellers short sale, streamline the process, AND "recommend" realtors they approve of. Lots going on behind the scenes. It appears there are more questions than answers right now, but I am sure more to come.
One thing I believe times are really interesting, and sellers right now you do have some options, whether you have equity or are a possible short sale. Look into all your options.
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