Monday, January 18, 2010

10 day limit on Short Sales may spur the market

I found this article from the Miami Herald and thought it was worth sharing (below)...

It discusses new rules designed to speed up the short sale process. Buyers in Gainesville, FL (and I'm sure everywhere) want to get a deal on a short sale or just happen to fall in love with a home that is going through the process. However, the long, emotional roller coaster banks put the buyers through can push them away and cause them to buyer another less desirable, more expensive home.

Hopefully this will spur the market!

Link: http://www.miamiherald.com/classifieds/real-estate/story/1424542.html?storylink=mirelated

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