Originally Posted By: Rocket Red
I am in a situation where I have 2 homes currently. Scary right? I just plugged about $130k into a turn of the century we bought in 2008. I am servicing 2 loans on it, and my regular mortgage. Just brutal. The only light I see is the good interest rate, and I want it locked up by the middle of April.

Carpet is going in on the 18th, we are going to probably move at the end of this month, and I will drop price on my current home again. The thing is I am at a good price (probably the best one) compared to all the other homes on the market in my area, except the short sales and foreclosures. (Anyone want 2 acres, 2300sf, built in 2006 within walking distance of a stellar salmon hole, and top rated steelhead plunking lane?)

I wish banks made short sales so hard, that realtors wouldn't even consider them. I guess if you got bailed out a short sale is better than a foreclosure.



Not so scary as long as you can manage them both. Scary only if you're facing a deadline.

Sounds like you've done your research and priced accordingly. If the price is right then someone will buy. (PM me the listing actually. I'd like to take a look.)

Banks do make short sales hard,......usually. In this market they don't have much of a choice when faced with the costs of foreclosure,.......add to that the moratorium that was in place. Maybe we'll see a change in the policy, who knows.

If you want to buy a short sale or need to sell as a short sale you better have two agents on either side of the transaction who know their $hit and never give the bank a moment to breathe. Although, the way the market is now most buyers are looking to get into distressed property so every agent out there is proclaiming to be an "expert" in handling short sales.

If anyone out there needs to short sell a home I do happen to know a real bulldog who knows how to get things done.
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On a long enough timeline the survival rate for everyone drops to zero.