By Elizabeth Weintraub, About.com Guide
Many sellers attempt to do a short sale in-lieu-of walking away or letting the home go through foreclosure.
© Big Stock PhotoHowever, it stands to reason that when the number of foreclosure filings goes up, the number of short sale transactions will rise as home owners look for foreclosure alternatives.
I can also say that more than 9 out of every 10 proposed Sacramento short sales that my team handled in 2008 closed escrow. Banks that are willing to do loan modifications are generally also willing to consider a short sale.
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