Short sales will be huge in 2012 as banks are still holding large inventories of distressed real estate. Most banks are still in the process of establishing well structured departments to handle the inventory. Many have established small groups with the expectation of growing them. Therefore, look for short sales to increase and inventories start to decline in the new year.
When considering a short sale, a licensed real estate agent is the best individual who can help guide you through the process. For more information on short sales look here http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm.
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