Debra B Albe…, Real Estate Pro in Port St Lucie, FL

What do you think? Dump all the foreclosures into the market and get it over with? http://www.trulia.com/blog/debbie_albert/2011/01/what_do_you_th

Asked by Debra B Albert PA, Port St Lucie, FL Tue Jan 25, 2011

I am not so sure that its a great idea~

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http://www.trulia.com/blog/debbie_albert/2011/01/what_do_you_th

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4
Ainsley Daux, Agent, Brandon, FL
Tue Jan 25, 2011
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
(813)546-1954
1 vote
Cynthia White, Agent, Merritt Island, FL
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

EXIT ISLAND & BEACH REALTY
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0 votes
Edyta Gryc, Agent, Naperville, IL
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
Phil Rotondo, Agent, Melbourne, FL
Tue Jan 25, 2011
I'm sure. It's not a great idea.
Web Reference:  http://www.321property.com
0 votes
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