The Big Elephant in the Room many don't want to Acknowledge
This deserves a reblog simply because of the subject matter.
When you read all the many comments you will see there are MANY MANY diverse opinions as to short sales. There seems to be some opinions as to why the banks don't speed things up. I think I know why. They like foreclosures better on their books as a "toxic asset" and no such "designation" for a short sale exists. A short sale just takes place because the particular agent at the bank felt like doing it. Or so it seems.
Remember we are still dealing with banks, and in almost every case, these are the very same people who helped screw (nice word used here) up our market.
But that's just me.
If Short Sales will reportedly be a large part of our market in 2011, what do you think is the general attitude toward working them across America? There are so many mixed feelings from agents and brokers about working them, yet hundreds of thousands of homeowners continue to face foreclosure. Many accept that they're a part of the market and will be for some time. Many others continue to close their eyes and hope these market conditions will pass. As we quickly approach 2011, what is the general consensus in your area and how do YOU feel about Short Sales?
** Read Post #33
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