I am pleased to report that short sales seem to be getting easier, or we, the brokers, are getting better at it. Either way, it is definitely a more viable way for buyers to purchase a home than previously. The Short Sale has earned itself a troublesome reputation to overcome. Most, but not all banks are better prepared to handle a short sale offer and they have adopted a more cooperative stance in negotiations. As a review, the short sale is between the seller and their lender. The purchase is between the seller and the buyer. Personally, having been on both sides, both as the seller's agent and buyer's agent recently, I believe the short sale properties are a much more viable alternative for buyers who have some flexibility in their move in dates.
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