Short Sale Update in Central Mass

February 6, 2012

Amy Mullen and Pam Crawford give a little update on the Short Sale process in Worcester County…

Many short sales behind them they have recently closed several more the end of 2011 and January 2012. The most noted change in the process is that the process is still long, and bank seem to be countering buyers more. However the homes are still closing for significantly less than market value.  It’s a good way for a buyer to get a good price on a home and allows the seller to have a dignified solution to their issue.  A short sale allows the seller to have more control over when they leave the property and a much better effect on their credit and income in the long run.

All in all – despite the recent challenges in short sales in Worcester County it’s a very viable solution for both sides of the transaction.

For more information:  dontforeclosenow.com