Via Scoop.it – Other Atlanta News Events
To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process.
I might differ with the comment in the article that Short Sales do NOT bring down the value as much as foreclosures. This might only be valid in that the sales price might be higher than if the bank lets the home go to foreclosure. I’ll need to discuss this with a few appraisers!