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WASHINGTON – Sept. 20, 2010 – For the last year, the real estate industry has been talking about shadow inventory and the coming flood of distressed properties. Where are they?
Here’s what’s happening, according to a recent paper by Alan Mallach, a senior fellow the Brookings Institution:
• Some delinquencies have ...
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Although the Federal Government has put some guidelines in affect, short sales continue to be a very lengthy process, The reason being, is the guidelines are not law and are basically suggested to the banks, but they are not forced to abide by the guidelines when doing a short sale. At Exit Realty Premier, we have become as expert as anyone ...
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Buying a short sale may or not be the way to go. If you are patient, not in need of immediate housing, and have a good Realtor, you may get the bargain of a lifetime. The advantage of buying a short sale as opposed to a bank owned property is usually the condition of the property. Usually, in a short sale situation the home owner ...
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