No, they are are not going away - short sales, that is.  I can remember when the term short sale was not generally known to the public.  It was misunderstood.  Some thought that it meant that the sale would be quick.  They were sadly mistaken.

Short sales, although lenders, banks, and asset management companies have boosted their staffs, are still taking a long time.  The first one that I was involved with took 9 months and more, and then the transaction didn't go through.  Why?  We had a buye...
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Wachovia is making it easier for a homeowner to sell their home in a short sale.  If you are upside down or if your payment is going too high and you owe more than your home is worth, this is the time to take advantage of the situation.  Wachovia is being "user-firendly" and will give approval for a short sale in record time.

If you bought your home in the past 3 years, or have refinanced out of your compfort zone, you may be in luck.  You can sell in a short sale and buy a new piece of proper...
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