The harsh reality is that short sales are still a large part of the inventory here in Seattle. Although us agents try our best to counsel our clients on the potential pitfalls and possible heartache that short sales can cause, short sales can not be ignored. This great article from the Business Insider puts into words what I can’t. The article does a great job explaining how the banks work the process of the short sale and how the buyers (and buyers agent) have little to no control over the outcome or progress. If you are considering buying a short sale, this article is a must read.
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