The Real Estate Encyclopedia
Consumer advocate - Short sales can turn to no-sales
Category - Mortgage Questions - Foreclosure & REO FAQ's

Too many times, short sales can turn to no-sales. It can take 60 days or more for the mortgage holder to make its decision, says Jeff Marks, a real estate lawyer with Ryan and Marks Attorneys in Jacksonville. "(Buyers) have to have a stomach for it," he said. "But if they can wait it out, they will get a wonderful deal financially."

Read the full story: April 19, 2008

Mortgage Questions - Foreclosure & REO FAQ's
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