Monday, March 7, 2011

Short Sales Not So Short

They aren't called short sales because they are easy.
And the moniker does not reflect the length of time it takes to finalize the "short sale."
In fact, the name comes from the phrase "selling short," which means in this case that a property is being offered for less than what the owner owes.
Problem is that the owner, if he/she has a mortgage, isn't the only one who must agree to the short sale.

More on this here, in North Idaho Janna's SCHARF REPORT:

http://activerain.com/blogsview/1638902/the-absurdity-of-short-sale-negotiations

-Ralph Bartholdt

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