This entry was posted on Wednesday, July 29th, 2009 at 3:45 pm and is filed under Real Estate News, todd long. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Sale at a loss or walk away?
A friend of mine sent me this article. Some times as Realtors we forget the emotion and mental stress sellers deal with when facing a foreclosure or a short sell. We are often wrapped up in the mechanics of getting the listing priced correctly to attract a buyer, dealing with the bank and its seemingly endless bureaucracy, and getting the deal to the closing table.
This article reminds me that sellers don’t often treat this as a business decision because they are so emotionally tied to the home they live in. I look forward to your comments on this piece.
For more REO information you may be interested in a post I wrote a year or so ago called What is an REO?
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