“I Am Seeing More Short Sales being Accepted”

Two of my clients have gotten their bids accepted and just got one accepted on a purchase that I am doing as well. Maybe it is just me, but I am seeing more urgency.

In all these cases the transactions are all closing by the end of the year. The current importance is that the current debt forgiveness act expires 12/31/13. As many of you know, I have blogged about this issue many times. If the debt forgiveness act doesn’t get extended, there is going to be fewer short sales happening and more foreclosures.

I have already spoken to legislators and you may want to do the same. We need to do what we can to get this extended until most of these short sales and foreclosures are completed.