Wednesday, March 7, 2012

WSJ - Short Sales Stepping Out

The move to short sales is an ongoing theme on this blog. No wonder - I have believed that short sales are the better solution for an upside down homeowner since 2006. Common sense seems to be prevailing all over, and we are now seeing the nationwide trends support what we have been advocating all along. Here is the latest WSJ article talking about how short sale closings are now outnumbering REO closings in Phoenix, Los Angeles and Miami - three of the hardest struck markets in the country.