2013 Year of the Short Sale?
By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
Is 2013 going to be the Year of the Short Sale? In many of the real estate articles I have been reading, this is being deemed as the year of the Short Sale. Why, do you ask? The banks have started to try to control costs associated with REO's/Bank Foreclosures and have started to look at short sales in a different light than they did before. It used to be like pulling teeth to get larger lenders to look seriously at Short Sale offers. That has and is evolving with time. They are trying to streamline the short sale process like never before. In certain circumstances and with certain programs, they are even offering sellers cash incentives at closing to try to encourage sellers to short sale their home instead of the seller just walking away from their home. It will be interesting in...
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