Lenders And Short Sales – Are They Hampering The Rebound Of The Housing Market?

June 26, 2009 by Monica McNamara · Leave a Comment 

Currently in our market (Ocean City, Maryland and Worcester County), there are 78 pending “short sale” transactions as reported to our local Multiple Listing Service.  I have 2 short sale situations that have been pending since 3/30/09 and 4/1/09 respectfully, with no response back from either lender. Is the time it is taking to process [...]