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Team Albert -…, Real Estate Pro in Port Saint Lucie, FL

What do you think? Dump all the foreclosures into the market and get it over with?

Asked by Team Albert - KW Port St Lucie, Port Saint Lucie, FL Tue Jan 25, 2011

I am not so sure that its a great idea~

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Not a good ideal. Slowly release forclosure properties on the market to prevent further decline of values. Also, provide reasonable loan modifications such as reducing interest rates and principle to help prevent more forclosures.

Ainsley Daux
Home Run Real Estate inc
1 vote Thank Flag Link Tue Jan 25, 2011
To me short sales are a bigger problem than foreclosures. When you do summit a contract because it takes so long most buyers walk away and give up. Some of those buyers don't buy others find something else. Because the process is so long even the sellers give up and let it go to foreclosure most of the time. So now the home has been on the market way to long. We need to have preaproval from the banks on a list price for all short sales. This could speed up the process and more people would be willing to buy a short sale so it doesn't go to foreclosure

Cynthia White Realtor 321.652.1974 direct

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0 votes Thank Flag Link Tue Jan 25, 2011
I agree-not a good idea at all. I would add to find solutions to more successful closings of short sales to help to prevent more foreclosures.
0 votes Thank Flag Link Tue Jan 25, 2011
I'm sure. It's not a great idea.
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0 votes Thank Flag Link Tue Jan 25, 2011
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