Don't foreclose! Do a short sale...

Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks.

Shortsales accounted for 17% of all residential real estate sales in February, up from nearly 13% in November, according to a monthly real estate market survey by Campbell/Inside Mortgage Finance.

This is a huge change from even just six months ago when the short-sale market was stalled and most people would describe the process as real estate hell. Because lenders stand to lose so much on these transactions, they have been reluctant to make short sales happen, often waiting months before getting back to potential buyers.

Don't let your house go into forclosure, shortsales ARE happening!  Let me help!

Jessica Maroto - RE/MAX Results -  612-396-9452 
Jessica@results.net

 


Posted by Jessica Maroto Sanchez on 03/30/2010
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