Why has there been an increase in the amount of short sales in the last year?
Short sales, which many people are still unfamiliar with, are becoming more and more popular throughout the country with a noticeable increase in many states. Large banks including Bank of America and Wells Fargo have also had an increase in the amount of short sales they have seen in the last year, expecting more than double of what they had in 2009.
Short sales are not new and nothing drastic has happened with the process recently, people are just finally starting to understand what it is and how different short sale vs foreclosure are! Showcase Realty specializes in short sales and encourages sellers to use this process, rather than go through the devastation of a foreclosure. CLICK HERE for more information on Charlotte NC short sales, along with the contact information of someone on our team who can help you go through the short sale process step by step, quickly and efficiently.
Read this article in USA TODAY to see how the short sale process for sellers has grown in popularity in some states: