I have a few real estate search profiles set up and I'm noting more and more "short sale" comments in the description. Some interesting things I've notice:
- There are a few short sales that indicate Country Wide must be used to pre-approve financing. How the hell can a seller force the pre-approval issue? I'm sure they can't.
- All of the short sales that I have taken time to look at in depth, are not good deals. Each one so far is above the original purchase price according to the tax records.
I have a search set up for certain areas in Prince Georges County. Although that county is not on my list because of high taxes and poor schools, I've noticed a lot of short sale comments in homes for sale in PG County.
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