According to new data released by Trulia, Las Vegas short sales are on the rise, and are quickly overtaking bank-owned home sales. A remarkable 498 homes sold through the short sale process during the first half of June 2012, while only 434 homes owned by lenders sold and closed during the same time frame. What is happening? Why are so many people jumping on the short sale bandwagon?
Mortgage Debt Relief Act Expiring
One of the most likely reasons for the rise in short sales in Las Vegas is that the Mortgage Debt Relief Act is set to expire on December 31, 2012. While there… Read more »