I posted the below excerpt on my other blog Florida Homes for Sale yesterday about a most timely topic - short sales.
I stated.....
"I guess the more appropriate question is...do banks care if that short sale offer goes through to closing?
In a declining market prices decline....don't tell the banks!
They still think Washington will provide a golden egg!"
Banks must not care about making money because they delay decisions on short sales until the selling price in the neighborhoods are lower than the offer they are supposed to be considering.
Gary L. Waters, Florida licensed real estate agent, Bucci Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region. Whether your interest lies in a 55+ community such as Heritage Isle, a golf course community such as Baytree National Golf Links or water front, give me a call!
Read my blog Florida Homes for Sale, Moving to Brevard County, Florida, and Brevard County Florida Real Estate Information.
