Melissa Zavala, Broker in Escondido, CA ask this question but also as if foreclosures are a good thing and here along the gulf coast in Pensacola, Pace and Gulf Breeze they are about 12% of the market with short sales being 19% so although we have a long way to go to get to normal we are still selling homes at a brisk rate and with my investors getting into the market we are expecting another banner year without having to work so hard.
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Courtesy of Charles Stallions, Pensacola Homes for sale – Pensacola Short Sale and Investment Expert
Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers.
Don't be a confused cat. Read below to learn about some of the interesting stuff that went on this week in the distressed property arena:
Foreclosures Are Now Behind Us Those REO agents are probably beginning to look at new streams of income. Read this article to learn more about the future of housing.
Can Foreclosures Be Good for the Market? Survey says…. While they may not be good for people, they are a good way to get our society back to a more stable market. That’s my 2 cents… now go read the article.
Those Dreaded Non-Institutional Liens Just when you thought your short sale was done, you learn about a child support lien or an IRS tax lien. Here’s what you need to do in order to get that baby closed.
There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why I've provided you with a weekly recap right here.
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