Florida Foreclosure Help in Hollywood, south Florida short sales

Due to the issues surrounding the handling of foreclosures by some banks, many home buyers are keeping away from distressed properties. Do you blame them? Who wants to buy a property that could be the subject of future lawsuits?
According to a report from http://realestate.bryanellis.com , 14 percent of home buyers and 6 percent of real estate investors refused to even view REOs (foreclosed properties) during October.
When it comes to short sales, another category of distressed properties, it is naturally hard to find buyers as the process can be long and drawn out. According to the report by Campbell Surveys 30 percent of owner-occupant buyers and 20 percent of real estate investors were not interested in buying short sale homes.
Thus, prices on distressed properties have fallen and there is an even wider gap between the prices of distressed properties and those that are not.
If you are considering a short sale, selling to an investor may be the best choice as they are prepared to wait for the short sale to be approved by the lender. To find out the other advantages of selling a short sale to an investor, click here

To contact HUD about foreclosure counseling – http://www.hud.gov/offices/hsg/sfh/hcc/fc/index.cfm

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