Seems as though banks are beginning to learn that a short sale is a much better deal than allowing a home to go into foreclosure. They loose less money on a short sale than they do a foreclosure according the the report from the National Association of Realtors. It stands to reason that an occupied home will be a more saleable item than an abandoned home. If you are having mortgage payment problems or know someone who is, now is a great time to initiate a short sale. Need short sale help, just send me an email: EARL@EARLPARK.NET or phone: 770-377-5793.
The complete article regarding banks and short sales can be found at the REALTOR Magazine.