Buyers Walking on a Short Sale -- Back on the Market Previously Approved

Chances are if you're a buyer, you've put at least one offer on a short sale. It's not a fun offer. The process is long, tedious and seems like you will never have an answer. Except when you do. We just had the buyer walk after 90 days of waiting for a bank to give an approval. The buyers, to their credit, stuck in there nearly to the bitter end, but couldn't wait any longer due to their circumstances. Also, to their credit, they weren't making offers on other homes, then ended up renting.

Because of that, this great house at 9713 Tundra Swan Circle in Elk Grove's Stonelake neighborhood is now back on the market, having been approved at the list price of $235K just yesterday. Take a look. We -- fingers cross -- hope the next approval will be quicker. Banks are getting faster, more efficient, and more willing to help distressed sellers. An offer on a short sale is not as bad as it once was, especially for FHA buyers.

http://www.postlets.com/res/3385783

Too Late for the Tax Credit, Now Try a Short Sale

This 3 bed/2 bath, 1404 square foot home is located in a private court in the established Laguna Springs neighborhood. Large eat-in kitchen and spacious living/formal dining room combination. Bright master bathroom with sky light. Backyard has a wood deck, mature landscaping and plenty of shade. Home is close to schools, greenbelt, parks and shopping.

More info:
http://www.postlets.com/res/3791251