Short Sales Declining

I have read this too Roy. It is a very good thing and shows maybe a better economy in our country? Hopefully the unemployment figures will get better too.

Roy,

It seems like a good thing, but thanks to you, we read an article re the increase of foreclosures coming on the market...A

I've heard about this, as well. I agree with Noah - hopefully this indicates sellers have a bit more breathing room than in previous years. Thanks for sharing this, Roy. Lovely photograph!

Bob,

Thanks for this information.  I love the flower photos.  Great photography!

Diana

Good Afternoon Roy: The debt forgiveness act was the strong impetus for homeowners who short sell their properties. Without this relief act, the tax to be owed by the sellers could be a huge concern.

Roy, Typical political nonsense going on in Washington. They all worry too much about themselves and the heck with people and the country. Good advice from you. 

I am seeing a huge decrease in them but still seeing some. the problem  here anyway is with a shortage of listings, agents are taking short sale listings that have never done one. 

Roy, it sure is nice not to see the MLS cluttered with short sales and foreclosures.  We have less than 1% distressed sales.

Roy, As always we need to advise our clients to consult with tax professionals for any tax advice.

Good morning Roy. The Tax Relief Act should have been passed months ago and allowed many to continue the short sale process. Most of these folks have already suffered enough.

Congress's lack of action has pushed people into spending money on bankruptcy protection that they don't have to spend Roy.  Outrageous!!

This was a great read. I appreciate you taking the time to post. Nice photo too!