Another Great Short Sale Article

Maybe the reality of short sales - neither short nor sales - John's by now famous quote is finally beginning to sink in. Most traffic to this blog comes from Google search and here are some of the search terms people are using: "Buyer's rights short sales;" "Short Sale Addendum;" "Short Sale Buyers" and so on.

I think this points to a definite uncertainty in the market relating to short sales. Buyers don't know what to do or expect when faced with a short sale. Sure, the price seems interesting in the beginning, even enticing. And they think they have the patience to wait it out.

Here's another excellent article which points out why they are better off staying away.