Ok, so I've been trying to catch up on the latest in Real Estate News and blogging... I came across this excellent blog I think you'll enjoy, but more importantly in their article on short sales that seems too close for comfort. Short sales are what they are and becoming more and more common. I encourage everyone to check this out and become more familiar with them whether you're a seller looking for a way to avoid foreclosure, a buyer looking to save some money or an agent looking to learn more... each transaction is different and every bank seems to have their own set of rules.
http://www.raincityguide.com/2007/03/05/short-sales/
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It's OK to be Sad
3 years ago
1 comment:
Hi Karisma,
Thanks for visiting our RainCityGuide.com blog! In Seattle we have seen a steady rise in short sales over the past 6 years. The most important thing for your home sellers to know is that there are many options besides just letting the home go into foreclosure.
If there's a light at the end of the (financial) tunnel and the homeowner does not want to sell, they might be better off not selling.
Avoid "angel" investors with deals that sound too good to be true and talk to a HUD-approved housing counselor sooner rather than later.
Best of luck to you!
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