If you’re buying…
Bad news for short sale sellers in the Twin Cities, sales lag bank owned homes by three times. Buyers no longer have half a year to wait for the bank to figure out what the hell they want do with the asset. That tax credit ending has also many buyers not wanting to be left out of the frenzy.
Just go with the property that is already bank owned and has a turn around time of 24-48 hours in “most” cases.
From the Minneapolis Association of Realtors:
Twin Cities Foreclosure & Short Sale Report 2009 Q3
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Very cool. Easy to read. Easy to look at blog. Great job & keep up the great blogging.