Banks Put a “Halt” to Forclosures in 50 States -what this means to you, if you have to sell.

The Market for the Moment that we are facing for the coming weeks is characterized by court-ordered freezes on foreclosures within all 50 states, sparked by claims of forged and potentially flawed documents among the nation’s largest lending institutions that did not have the processes in place to handle the volume. Another surprise from the banking industry!!!!

The near-term impact will be a drastic reduction in the number of foreclosed properties entering the market. The opportunity for you, the person who might be under water is a SHORT SALE, not a forclosure!

With foreclosure proceedings virtually off the table, it stands to reason that banks will be more willing than ever before to negotiate short sales – which should help a good number of clients from the financial devastation of a foreclosure. If this is the case and you need to sell, this is a good route to try.

The banks will not be mobile porn up and rolling again with forclosures anytime soon, so take advantage of this opportunity if you can.
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