Logically, the sweet spot on price should be where the buyer is getting a home at a little under market value (to make up for the hassle of a short sale) but where the bank is still netting more than they would if they foreclosed. In that case, all parties are benefited by the short sale arrangement.
Are Bigger Banks Starting to “Get It”??
January 15th, 2009 · 1 Comment · Creative Deals, Foreclosures, Selling a home, Short sales, buying a home
Tags:banks·citibank·Countrywide·foreclose·foreclosure·loans·Ocwen·realtors·seller·short sale·Short sales·tucson real estate
Woman Shoots Herself Into Mortgage Forgiveness
October 13th, 2008 · 1 Comment · Short sales, Weird News Stories
One woman did not hesitate, but pulled the trigger on herself. Addie Polk of Akron, Ohio was apparently overwhelmed by the fact that she could not make her payments and was going to be foreclosed on and she shot herself as sherriffs were trying to serve her the foreclosure notice for the 30th time.
Tags:banks·economic marketplace·economy·fannie mae·fear·financial obligations·foreclose·foreclosure·housing market·loans·real estate market·short sale·Short sales·tucson·Tucson real estate market·uncertainty

