
Short Sales are tough. But most difficult for buyers who are unaware. In a very real sense, it's almost like chasing rainbows, or dreaming about a National Geographic safari, places where few rarely go. Here in Hernando County Florida, the real estate market is riddled with short sales. Short sale being defined that the seller owes more on the home than the market worth, and the bank, if a legitimate short sale is going along with the sale at a loss on the mortgage.
This is a very dicey affair, for the banks are adrift on the sea of pending foreclosures, late mortgage payments, general economic chaos, and this thing called short sales.
Well if you have a rudder as an agent or have the stomach as a short sale buyer, hang in there, for it is a storm, a perfect storm that will rock you for a long time, and maybe just maybe you will find a close in a peaceful port.