Banks across the country are cancelling, holding, removing and investigating prior foreclosure steps to validate that they were done properly. Accordingly, Realtors are following banks instructions to withdraw or cancel REO foreclosures in the MLS.
Meanwhile, the house market is suffering. There are plenty of short sales, but the process has slow down a bit; consequently, buyers are scared to commit their resources to short sale transactions. What is there? Buyers have to content with the fewer REO sales and an increased number of traditional sales which are priced more aggressively.
No comments:
Post a Comment