Looking around at the current state of the housing market one can only think that hey, things will ultimately get better. Such thoughts are commonplace when you reach the bottom of the barrel and you know that the only way out is up and over. But at least during these trying times where people are really just trying to prevent foreclosure and keep their homes, there is a light at the end of the tunnel—a big bright shining one too! Banks are far more willing to consider a real estate short sale these days than they ever were in the past, when the market was healthy. But as many people try to prevent foreclosure by selling their home for less than they owe the bank and calling it a day with their lender, many banks are saying all right, at least we get paid on this one. So while the turmoil is not nearly over, and we are but in the thick of fog, as more people get out from under these bad loans using a real estate short sale, the market will ultimately become healthy once again.
