Everyone is talking about it Short Sales.
Everyone knows someone who has done a Short Sale.
Everyone has thought of doing a Short Sale themselves
Everyone thinks they know everything about it.
So why are Short Sales not talked about in the media? I am not sure, but recently I found an article that many in the real estate industry have been jumping up and down about. Why does a short sale take so long?
Foreclosures, Foreclosures, Foreclosures. That is what the media talks about. Why? Foreclosures are usually not great deals, and have many repairs that may be required. Foreclosures are prevalent in the Reno area, but Short Sales are probably 2 to 1. Many economists and so called experts have been saying in order for the real estate market to recover we must stop the amount of Foreclosures.
The governments answer is for the banks to modify there loans so there payment is more affordable. Doesn't that just prolong the inevitable for most? Why not figure out a way to shorten the process for short sales. If we streamline the process and make it more efficient, Guess what we will have:
stopped the amount of foreclosures.
Put prideful homeowners in the homes that will maintain their home.
Bring a boost to the real estate industry including more transaction sides and volume which will trickle down to everyone involved in the real estate from the painter to the general contractor.
Increase consumer confidence and increase consumer spending. Statistics show that when homeowners feel safe and well in their home they spend more on durable goods.
Just by streamlining the process of a Short Sale we have solved most of the domestic problems. Just as there is no logic when it comes to banks there is no logic when it comes to our government. Everything becomes a filibuster. Moving towards the future we have to become more proactive rather then reactive. When you are reactive history repeats its self.
The governments answer is for the banks to modify there loans so there payment is more affordable. Doesn't that just prolong the inevitable for most? Why not figure out a way to shorten the process for short sales. If we streamline the process and make it more efficient, Guess what we will have:
stopped the amount of foreclosures.
Put prideful homeowners in the homes that will maintain their home.
Bring a boost to the real estate industry including more transaction sides and volume which will trickle down to everyone involved in the real estate from the painter to the general contractor.
Increase consumer confidence and increase consumer spending. Statistics show that when homeowners feel safe and well in their home they spend more on durable goods.
Just by streamlining the process of a Short Sale we have solved most of the domestic problems. Just as there is no logic when it comes to banks there is no logic when it comes to our government. Everything becomes a filibuster. Moving towards the future we have to become more proactive rather then reactive. When you are reactive history repeats its self.
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