Congress Considers Bill to Speed Short Sale Requests
September 23, 2010 by Katie Wethman · 1 Comment
HUGE news in the world of short sales…the House is considering a bill that would force lenders to approve or deny a short sale request within 45 days. As anyone who has dealt with a short sale knows, lenders commonly take 6 to 8 months to respond to a short sale request, frustrating buyers who [...]
Why Don’t Short Sales Close?
March 15, 2010 by Katie Wethman · Leave a Comment
Most buyers know by now that a very low percentage of short sales close. And I don’t mean that buyers need to wait a long time (though they do) — I mean they NEVER close. What are some of the reasons why? And what happens to them? First, let’s recap: What is a short sale? [...]
Short Sale Statistics for Arlington
December 13, 2009 by Katie Wethman · Leave a Comment
Our local MLS has added a field to specify short sales (though “Undisclosed” is still an option), which makes it a little easier to get a handle on the current state of the market. So where are the short sales in Arlington? As of the date of this post, there are 46 active short sales [...]
