Will we see more short sales?
March 30, 2011 by Matt Newman · Leave a Comment
Interesting article in today’s LA Times about a possible settlement with some of this nation’s largest lenders. Read the full article here: LA TIMES.
What is not clear is whether this will apply in all 50-states or not. What is clear is that home values continue to fall according to the most recent Case Shiller Index (read report). Metro Atlanta home values have fallen back to 1999 levels which increases the chances that any homeowner who purchased in the last decade or took out some equity is probably under water.
If you or anyone you know is facing a financial hardship and owes more than their home is currently worth, please call us today at 678-250-4500 ext. 101.
