The connotation that has developed with prospective buyers of short sales, is that they represent a smoking deal. That type of thinking is typically incorrect in most instances. Here is why... By basic definition, a short sale is A.) Property that is being sold at a price lower than what is still currently owed on the home loan. B.) The seller will not be making up the complete deficiency at time of closing to their lender. Nothing in the definition regards value...
The Government Creates Some Unintended Consequences
The Sunriver Housing Market will certainly be affected by the tighter lending regulations being set forth by the government... What do you think of the governments attempts to help "fix" the housing market?