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Valerie Hammack, Broker's Blog

By Valerie Hammack, Broker | Broker in Lake Oswego, OR
  • More Short Sales to Come

    Posted Under: Market Conditions in Portland  |  March 19, 2011 11:26 PM  |  89 views  |  2 comments

    Short sales are the hottest thing going in real estate today. The trend is becoming more popular and banks are working with sellers and Realtors. Lenders have ramped up the short sale approvals, and the government is handing out cash with the HAFA program to sellers. 

    This is a huge change from just six months ago when the short sale market was stalled and most buyers and Realtors would describe the process as hell. Because lenders stand to lose so much with an abandoned home and potential of vandalism they are working with sellers and brokers.

    Purchasing a short sale home for a buyer can be a great savings for a buyer. Because the buyer is purchasing with disclosures from a seller, unlike a bank owned property, buyers can gain more information about the home they are buying.

    I you want help through a short sale please call me.

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