Why DO Short Sales Take So Long To Close?

Posted by Susan O. Peterson on Mar 11, 2010 in Current Pricing Trends, Short Sales & Foreclosures
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Short Sales take time, averaging from 90-150 days to close escrow, if they do close.  Many fall apart at the end of an arduous process in spite of the best efforts of most of the parties involved.  Given the number of homes under water in California, recently estimated at 1 in 7, it would seem [...]

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Intro To Short Sales

Posted by Susan O. Peterson on Feb 5, 2010 in Short Sales & Foreclosures
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Although I have not been asked to represent the seller of a Short Sale as yet, buyers frequently ask me if I think they should actively pursue a Short Sale.  The term Short Sale refers to properties in which the owner owes more money to the lender than the property’s value. These properties are said [...]

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