Joe Moshe, Broker/Owner of Charles Rutenberg Realty believes it will “slightly” speed up the process, in that the desire is there for the Bank and the consumers. What will continue to delay the process are low offers being submitted to the bank, condition of property, mortgage approvals, seller cooperation and more. If the process does dramatically improve, which he doubts, then we’ll see more buyers interested in short sales, which could increase competitive bidding, which will raise prices.
Click on the button below to find out more about the latest changes in the short-sale process and how they will impact the short-sale market:
[button link=”http://www.washingtonpost.com/realestate/short-sellers-may-benefit-from-policy-change/2012/04/26/gIQAGseVmT_story.html” type=”small” color=”purple” newwindow=”yes”] Short Sale Article[/button]
Joe Moshe at Charles Rutenberg Realty Long Island
Joe Moshe is the Broker/Owner of Charles Rutenberg Realty Long Island, offering 100% commission to Agents. With over 1000 agents, it's one of the fastest growing, most progressive real estate brokerages on Long Island.
Latest posts by Joe Moshe (see all)
- What Can Homebuyers Expect After COVID-19? - May 1, 2020
- Homebuilder Confidence Index Craters Due to Coronavirus Impact - April 22, 2020
- Fed Issues Emergency Interest Rate Drop to Counter Coronavirus Effect - March 10, 2020
