Market News » The Art of Short Sales

24Nov09 Market faces short-sale stampede in 2010, forecasters say

From the NC Times: Short sales of homes frustrate buyers, annoy lenders, and cause real estate agents to tear their hair out waiting for deals to close. In 2010, there will be a whole lot more of them, a market research firm said. Surveys conducted by Campbell Communications show that short-sale inventory is rising quickly, [...]

1 Comment Posted by Nick in Market News
Tagged default, forecast, foreclosures, news, predictions, short sale, short sales

24Nov09 New CNNMoney article shows that 1 out of 4 mortgages are underwater

Bleak news on the state of mortgage holders this morning from CNN: NEW YORK (CNNMoney.com) — In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday. Almost 10.7 million U.S. mortgages were “underwater” as of September, [...]

1 Comment Posted by Nick in Market News
Tagged foreclosure, mortgages, news, short sale, short sales, underwater, upside down

23Nov09 How technology can improve your Short Sales process!

Your competition is using it. The banks you are negotiating with are using it. Why aren’t you? I’m talking about leveraging technology for your short sale business. It’s almost 2010, and surprisingly the short sale corner of the real estate market is still in the dark ages. When we were doing the research for Short [...]