The votes are in: Get ready for more short sales!

VotesAreIn_ShortSales-copy[1]
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first tuesday insight

137 readers participated in our recent poll on Frannie’s Standard Short Sale. 63% (86 voters) believed the new Standard Short Sale will increase the number of short sales in California.

Despite the majority voter opinion, commenters were skeptical about the benefits of short sales. Some argued a long, rent-free foreclosure and strategic default made more sense for negative-equity homeowners. Others said the new guidelines won’t help since lenders still call the shots on short sales.

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