Banking Stimulus Effects on Short Sales

Another update on how the Banking Stimulus will affect Short Sales. Last I read major lenders likely will hold back on additional Foreclosures until early March awaiting news from Washington.

The government would like to see more restructuring of homes to prevent additional foreclosures and are expected to provide incentives to make that happen. At this point even if there isn't another foreclosure on the market there are literally TONS of homes sitting on the market for sale by lenders. Currently almost 10,000 homes are being foreclosed daily. With that said Short Sale opportunities should still be around for a long time.

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