January 14, 2009
Although the American real estate market is seeing an avalanche of foreclosures, and although American banks and mortgage companies are hungry for capital, it isn’t as easy to buy a property on short sale as you might imagine. Some experts estimate that out of every 20 signed short sale offers made on American real estate, only one ever makes it to closing. Doing a bit of homework before you get involved can save you a lot of time and headache.
