Are Short Sales Becoming a Thing of the Past?

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  1. As long as volume builders continue to erect massive housing developments and offer easy finance terms through their own subsidiary mortgage originators, we’ll keep seeing short sales. These developments are marketed to first time buyers and young families, who are the most vulnerable to life changes such as job loss, divorce, relocation, etc. It’s very difficult for a pre-owned listing to compete with that tempting new model home down the street.