Help! What Are The Top 5 Current Questions About Real Estate Short Sales?
Folks (friends, colleagues, fellow Realtors, lenders, appraisers, virtual assistants, non-real estate professionals including potential short sale sellers and buyers, etc.), I'm looking to write a book about real estate short sales. In one section of the book I would like to provide in-depth answers to CURRENT questions that any party to a real estate short sale might have. I'll be "paying it forward" by providing the answers to the questions; but, I'll also be receiving value by being able to document the most relevant and current questions.
If you have a question (and I know you do!) that you feel might fit into my description of "The Top 5 Questions About Real Estate Short Sales"; please, please, please ask the question in a comment to this post and I will return the favor by giving you a well-thought out, based on experience, current answer to your question.
FYI: Distressed sales (Short Sales and REOs) are currently making up about 50% of residential resales nation-wide. Additionally, short sales are about 33% of the distressed sales and that figure is increasing. Hopefully it will continue to increase as agents stop shying away from short sales; banks start being more pro-active facilitating short sales - and saving their investors $$; and home-owners start coming out of their shock brought on by the myriad hardships that are the causes of distressed situations AND EDUCATE THEMSELVES about their real options instead of letting things happen (i.e., by doing nothing). Unfortunately, statistics show that the vast majority of homeowners do nothing.
So, fire away with your questions! Please!
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