It's going to be hard to avoid them for the next couple of years. At least lenders are recognizing that trend and seem to be doing a better job now than they were two years ago...Here in Phoenix we are seeing about 45% REO, and about 25% short sales in our monthly closings right now.
Nice explanation of a short sale. We are seeing a lot more than anyone expected in our area. Not my favorite to work on, banks take forever to get an answer back.
It's going to be hard to avoid them for the next couple of years. At least lenders are recognizing that trend and seem to be doing a better job now than they were two years ago...Here in Phoenix we are seeing about 45% REO, and about 25% short sales in our monthly closings right now.
klavanway 2 years ago
Nice explanation of a short sale. We are seeing a lot more than anyone expected in our area. Not my favorite to work on, banks take forever to get an answer back.
katonahrealtor 2 years ago