2012, The Year of the Short Sale
Summary
In a scenario becoming more commonplace, realtors said banks are dangling incentives in front of homeowners to make a clean getaway, rather than drag out a long foreclosure.Transwestern realtor Conrad Hemmings said he was about to list a short sale recently when the bank called the owner and offered $10,000 for the deed."It was just hand us the deed and well give you $10,000 to get out of the house," said Hemmings, who didnt know which bank made the offer.Cummings attributed the spike in bank-owned sales to a rush of home repossessions that happened in 2010 before the robo-signing scandal stalled the foreclosure process nationwide.""And next year may be the second year of the short sale," he added.### Contact Information Trans Western Group France Chouinard 1 (877) 764-3170 transwesterngroup.com Click here to view the list of recent Press Releases from Trans Western Group Promote Your Business Press Release Pricing Email this page to a friend