SolutionsIn addition to foreclosures, the inventory of "short sales" on the market has been increasing. These distressed properties are in the pre-foreclosure stage and the owner is asking the bank to accept less than what is owed on the property. These types of transactions have been extremely hard to close in the past two years because the banks have not been prepared for the tidal wave of loan defaults that is predicted to continue into 2012. However, the U.S. Treasury has put pressure on banks to effectively process short sales, thus cutting down on the amount of foreclosures in the market and stabilizing values. For a more detailed discussion on the new incentive program click here for Greenville short sales and how they work . If you know of a distressed homeowner facing foreclosure and looking for an alternative that will save their credit and perhaps even their job (e.g. employees with a security clearance), have them call The Cunningham Team. We are Certified Distressed Property Experts (CDPE) and are doing our best to help homeowners through their life shattering situation. Cash home buyers Whispering Pines
