Neal's Blog

About 18 months ago I wrote about how an avalanche of short sales had come on the market, frustrating sellers, buyers and lenders attempting to process them. My message at the time was--basically--they take forever, they are rarely successful and lenders don't seem to know what to do with them or how to answer homeowners questions about tax implications, etc. I summarized for buyers: "foreclosures good, short sales bad". For sellers I advised consulting your tax and legal professional, I'll try to help you if I can and I likely can't answer your questions. As an agent, I really didn't want to have anything to do with them, and neither did many other realtors. We wouldn't list them if there was more than one loan, and we wouldn't show and sell them because the foreclosures were plentiful and the response time was so much quicker.  Well, what a difference the last 18 months have made! Let's start with what I believe are a few important, "We all don't agree on everything that is happening