Foreclosures & Short Sales

Some good posts on the two:

What’s the difference between them? A summary from Twin Cities Real Estate Blog.

How to buy foreclosures from Cabot Real Estate Blog. Covers it nicely from start to finish.

5 things you should know about them from The Real Estate Novelist.

And from Sherry, one of our closers at Kings River Title, some information on closing short sales.

UPDATE: These should speed up, as Fannie Mae is going to start fining loan servicers who take too long to do modifications and foreclosures and such.

UPDATE PART DEUX: How to sell a home using a short sale and how to avoid foreclosure using a deed in lieu from California Law Report.