Bloomberg recently reported that short sales have moved past bank owned (REO) sales for the first time. Apparently, banks have decided that they will earn more on a short sale than by pursuing the whole process of foreclosure. (see link to article at http://tinyurl.com/7mt7f82 )

This is positive for sellers because short sales bring less negative credit consequences effects than foreclosures. This means that, while short sales are tough to endure, life will improve sooner than would be the case in a foreclosure.

The HomeVenture Real Estate Partners Team is well trained, has a great deal of experience and can help both buyers and sellers. In the end, you want a well trained Realtor who can help deals get done, so if you have any short sale questions don't hesitate to contact us today!