Skip to content

Worth Repeating – How Banks are Handling Short Sales

July 12, 2009

Washington Post article ‘Coming Up Short, More and More’  by staff writer Renae Merle, Jul 11, 2009, documents the efforts of lenders to streamline what is all to often a long drawn out process. We applaud the efforts of those lenders who are makeing the effort to improve the short sale process.

Everyone benefits from a successful short sale transaction. The distessed seller gets the best possible solution for their circumstances and credit. The lender gets more money than they would get if there was a foreclosure.The buyer gets a reasonable deal in a reasonable amount of time. And, the community avoids the blight of a vacant and distressed property.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: