Friday, May 22, 2009

Short Sales -- Deal or No Deal?

Today James Thorner, real estate authority for the St. Pete Times writes about "short sales" and how sold prices on short sales (pre-foreclosures) are close to "conventional" home selling prices. Considering that the seller's lender can take months to respond to a short sale offer to purchase contract, buyers may no longer be motivated to suffer through the short sale process.
Full Story

NPR--Short Sales

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