Industry News

Seeking closure on short-sale holdups

Realtors ramp up call for standards
Published on May 7, 2009

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by CareyBot

All too often, short sales are really l-o-o-n-g sales -- it can take many weeks and months to close a deal.

And patience is increasingly wearing thin across the country as real estate agents become more vocal over the agonizing process. They argue that clearing the nation's huge inventory of distressed properties is paramount to resuscitate an ailing housing market and sputtering U.S. economy.