Is short sales helping the housing market?
By Harpreet Singh, (Western Singh Business Broker)
(Western Singh Business Brokers)
We have seen lot of homes went from foreclosure stage to short sale since end of 2009. Their has been surge of short sale properties in market, where 65% of all properties are for short sale specifically in Central Valley, CA. Are these propeties are making better the market or worse? If we can see from sellers's side then the short sales have helped sellers to save them from big hands of banks where in past couple of years sellers were crushed by banks by foreclosures mostly. Now the sellers got something to imporve their credit or life on sooner. Also the incentives with HAFA program has also helped to moving costs, so seller don't have to take all burden in this hard times. But on other side through short sales, buyers and their agents are somewhat frustrated by the slow moving pro...
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