Home › Forums › Closed Forums › Buying and Selling RE › Should you encourage short sale?
- This topic has 50 replies, 6 voices, and was last updated 15 years, 3 months ago by bsrsharma.
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August 27, 2009 at 4:14 PM #450272August 27, 2009 at 10:43 PM #450385bsrsharmaParticipant
I think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.
August 27, 2009 at 10:43 PM #450458bsrsharmaParticipantI think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.
August 27, 2009 at 10:43 PM #449857bsrsharmaParticipantI think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.
August 27, 2009 at 10:43 PM #450048bsrsharmaParticipantI think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.
August 27, 2009 at 10:43 PM #450643bsrsharmaParticipantI think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.
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