Banks are starting to move on more short sales...

Banks are starting to move on more short sales recently, and that is good for everyone.  A 'short sale' is a sale that takes place while the property is in the pre-foreclosure process, where the bank accepts less than what is owed on the mortgage principal in lieu of foreclosing.  There is a great article on what is happening and how it is impacting everyone around the country here.  I think you will agree, the numbers are somewhat staggering.


Houses that go through the entire foreclosure process sit empty longer, are worth less, and bring down neighborhood values more than necessary in most cases.  Foreclosures are now very much here in Delaware just as they are in other parts of the country.  Many local communities are being impacted directly by homes in foreclosure.


If you know someone that might be in the pre-foreclosure stages of owning a home, please have them call me.  We often can help them save money and time while also lessening the impact of the situation on their personal credit, not to mention the community.