http://contracostashortsales.wordpress.com/2008/02/29/regular-sellers-arent-keeping-pace/ Your Foreclosure Avoidance and Short Sale Specialists . . . Thu, 20 Aug 2009 22:09:21 +0000 http://wordpress.com/ hourly 1 http://contracostashortsales.wordpress.com/2008/02/29/regular-sellers-arent-keeping-pace/#comment-111 foreclosurefish Wed, 05 Mar 2008 17:41:06 +0000 http://contracostashortsales.wordpress.com/?p=40#comment-111 Yes, there are a lot of strange things happening in the markets with so many foreclosures happening at once after such a huge run-up in prices. People who just want to move or upgrade or change jobs or leave a bad neighborhood have to compete with those who don't even care about making a profit from their home. That means regular sellers are at a huge disadvantage right now, and may remain so until some of these foreclosure properties are sold to new buyers. But even then, there's no guarantee that regular sellers won't owe much more than their homes are worth. It will be interesting to see how long the markets take to recover to their pre-crash levels. Some may never recover. Yes, there are a lot of strange things happening in the markets with so many foreclosures happening at once after such a huge run-up in prices. People who just want to move or upgrade or change jobs or leave a bad neighborhood have to compete with those who don’t even care about making a profit from their home. That means regular sellers are at a huge disadvantage right now, and may remain so until some of these foreclosure properties are sold to new buyers. But even then, there’s no guarantee that regular sellers won’t owe much more than their homes are worth. It will be interesting to see how long the markets take to recover to their pre-crash levels. Some may never recover.

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