Home sellers frustrated as short-sale deals collapse
The problems have become such a kink in the market’s recovery that banks and the federal government are launching new efforts this month to simplify and speed up the short-sale process.
Just 23% of short-sale offers that homeowners receive from potential buyers actually close, according to a February study of 1,300 real estate agents by Campbell Communications. More than 90% of agents cited a slow response from the lender as the reason short sales were lost.
http://www.usatoday.com/money/economy/housing/2009-08-04-short-sales-mortgages_N.htm
My goal is to be known as a valuable resource for anyone who is thinking of buying or selling a new or existing home, refinancing, considering a home improvement, or anything else real estate related. Clients will learn about the home buying / sellin... Read more about this Author
View Our Featured Partner
Larry Schottenstein is a certified negotiation expert, real estate author, educator and TV reality show host
Search Our Articles to find just what you're looking for.
Columbus in National Geographic?
Columbus, Ohio a National Geographic Top 10 Fall Trips 2011 ... Read More of this Article
Are you ready for some football?
Are you ready for some football? I love fall. The colors, the smells, the fair food! But, what I lov ... Read More of this Article
End of summer in Columbus
Labor Day is the “official” end of summer here in central Ohio, but it sure doesn’ ... Read More of this Article
