Thanks Todd. Have you you noticed the speed of closing short sales increasing? For short sales to become a viable option for buyers looking to move into a financed home as their primary residence I get the sense that the banks are going to have to be significantly more responsive that at the current time?
@lasvegasrealestatenv Yes. Short sales are becoming more popular, but only because of the lack of inventory. Once the REOs start flowing back into the real estate market, there are going to be less people writing offers on short sales in Las Vegas.
and is there any way of knowing when the banks will start releasing some of the REO's?
debbyc54 1 year ago
@debbyc54 In April we got 52 assignments from the banks. I expect the flow to slowly increase throughout this year and next.
ToddMillerLasVegas 1 year ago
Thanks Todd. Have you you noticed the speed of closing short sales increasing? For short sales to become a viable option for buyers looking to move into a financed home as their primary residence I get the sense that the banks are going to have to be significantly more responsive that at the current time?
lasvegasrealestatenv 1 year ago
@lasvegasrealestatenv Yes. Short sales are becoming more popular, but only because of the lack of inventory. Once the REOs start flowing back into the real estate market, there are going to be less people writing offers on short sales in Las Vegas.
ToddMillerLasVegas 1 year ago