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Old 02-11-2010, 10:22 PM
 
Location: Florida
2,209 posts, read 7,653,959 times
Reputation: 638

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Anybody read this one?


New rules on short sales could help housing market


Some of this is pretty incredible, especially in the case of the people having an 85K pending offer on the condo, only to be told that the property sold as a foreclosure for much less. In other words the lender foreclosed on the property while there was a pending offer on the table and without even a notice?

What legal recourse is available to them? Anyone know?
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Old 02-12-2010, 08:21 AM
 
Location: Baltimore
104 posts, read 252,976 times
Reputation: 128
I can't get link to work.
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Old 02-12-2010, 09:25 AM
 
Location: Florida
2,209 posts, read 7,653,959 times
Reputation: 638
New rules on short sales could help housing market | HeraldTribune.com
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Old 02-13-2010, 06:44 AM
 
Location: Coopersburg, PA
15 posts, read 41,846 times
Reputation: 16
I read that....I hope it will help get the banks to pull there heads out of there buts......short sales are a disaster....I wont even look at one..to many horror stories like the ones in the article.....
Cant wait to be down there......Good ridence PA
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Old 02-13-2010, 07:37 AM
 
Location: Nokomis Fl
1,008 posts, read 2,634,256 times
Reputation: 475
Lots of foreclosures in the pipeline so why even look at short sales
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Old 02-13-2010, 11:42 AM
 
Location: Palm Island and North Port
7,511 posts, read 22,914,037 times
Reputation: 2878
I agree with Peter. Why go through all of the hassles with a short sale when there are plenty of foreclosures on the market and coming up. They are generally a lot less hassle and wait time than short sales.
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Old 02-14-2010, 01:38 PM
 
Location: Coopersburg, PA
15 posts, read 41,846 times
Reputation: 16
Agree as well
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Old 02-15-2010, 07:21 AM
 
37,315 posts, read 59,839,259 times
Reputation: 25341
guess it depends on what people are looking for in a house/neighborhood

if they are just shopping for investment purposes then a foreclosure is obviously the better choice but if they are buying for a home...I guess sometimes it does make a difference IF they think they can get the short sale within their parameters...
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