Kare 11's Allen Constantini put together a story on last night's broadcast on the issue that will likely define the 2010 Twin Cities housing market: short sales. Through interviews with our President-Elect Brad Fisher and others, the story informs consumers about what pratfalls to expect when attempting to buy or list a short sale.
With a recent report detailing why mortgage servicers make more profit on foreclosure than short sale or loan modification, expect to see more stories like this into the coming year. Short sales will continue to languish on the market until industry incentives realign to encourage a more efficient sales process.
Click here to view in a separate window or just check out the embedded clip below.
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