Short Sales- They may be our only way out. Banks are still postponing all but around 15% of Trustee Sales. Not taking homes back and prolonging the foreclosure process and monthly catastrophic blows to homeowners credit reports... How else can you get out? Consider your other options. The hit to your credit through a prolonged foreclosure will be nuclear. I have several clients and know of several other agent's clients who have gone over 2 years without making a payment. Many of these people have already walked away from the home, moved out, are renting elsewhere and are trying to get on with their lives. But the banks won't let them- According to Real estate website Zillow.com more than one in three Sacramento County...
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