One of the toughest parts of “my job” is going to listing appointments where the home owner is “upside down”, owing more on the home than it would sell at in today’s market. It’s not just the home owners who purchased in the real estate run-up several years ago that are having problems, owners who [...]
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Foreclosure / Short Sale
It’s been hard for me to explain why short sales are just plain difficult, and now a fellow blogger has taken the time to really put it all together. Frank Llosa’s perspective in “Short Sales Are ‘Fake Listings’ Only 5% Close” is well worth your time to read. H/T to Peter Coy at Business Week
