In the not-so-distant past, both buyers and agents avoided short sales. They took too long, and the outcome was very uncertain.
But closings of detached-home short sales are increasing around the county:
We saw that the banks’ approval rate of recently closed NSDCC short sales was less than 60 days – helping to keep buyers interested in sticking around. With banks typically pricing REOs at retail, short sales might be the only place where you can find a deal.