Get Real REI Says Short Sales May Soon be Half of the Foreclosure Market
Summary
Marietta, GA, April 20, 2010 --( Mr Massey provided an update to the current foreclosure and short sale market.Bob shared with co-hosts Judson Voss and Allison McArthur that banks have just started to move more quickly in negotiating their short sales.He chooses to leverage his time and expertise by enlisting the help of local real estate agents to perform most of the field work while he specializes in negotiating with the bank and lining up end buyers for the property.Projections show, according to Bob, the number will be in parallel at one to one before the end of 2010.Bob shared with co-hosts Judson Voss and Allison McArthur that banks have just started to move more quickly in negotiating their short sales.This and other activities are signs that the banks are trying to remove their toxic inventory before it becomes a foreclosed home and a part of their REO inventory.Mr Massey has a unique approach to the pre-foreclosure, short sale market.