Have they been listening to me? I have been screaming for the past 4 years that we have to stop the foreclsures in order for the market to recover, and the more foreclosures the longer the price declines. According to this article Bank of America has been processing more short sales than foreclosures every month for the past 18 months. It states 7000 foreclosures to 9000 short sales for the month of May. They credit this to the introduction of HAFA (please see a previous blog for details on that program) in April of 2010. Citigroup also credits HAFA with speeding up their processing from an average of 120 days to 83 days.
If you need to sell your home, contact me, I am well educated in the short sale process. If you have equity then I will maximize it for you! I look forward to helping you!
Tags: buying a home in Englewood Florida, buying a home in venice Florida, Foreclosures in Englewood Florida, Foreclosures in Venice Florida, HAFA, Homes for sale in Engelwood Florida, Homes for Sale in Venice Florida, selling a home in Englewood florida, selling your home in Venice Florida