Town Square

Post a New Topic

Avoiding foreclosure through short sales

Original post made on May 15, 2008

Bay Area homeowners still lose homes, but preserve some credit

Read the full story here Web Link posted Wednesday, May 14, 2008, 3:58 PM

Comments (5)

Posted by madam z, a resident of Palo Alto Orchards
on May 15, 2008 at 10:31 am

very well written and detailed article, I'm in Brooklyn, NY and am a real estate investor who needs this info, this problem is national as
well as global---people need to pay attention --slow down and turn off
entertainment which purpose is to distract us from realities that affect our lives--peace!!!


Posted by madam z, a resident of Palo Alto Orchards
on May 15, 2008 at 10:33 am

short sales during an O.K. market can take up to and some-
times more than a year...I've done one!


Posted by JP, a resident of Downtown North
on May 15, 2008 at 5:50 pm


So how long before the short sales drop values so much that people start walking out on their mortgages? I give it 18 months.


Posted by Nancy, a resident of another community
on May 25, 2008 at 7:44 pm

Will it help speed things up if a Real Estate attorney handles the deal? I have used one for selling a foreclosure and they did OK...


Posted by Marty, a resident of Menlo Park
on May 25, 2008 at 8:33 pm

Has anyone considered the MAJOR effects of an increased capital gains tax? Many mortgages were made under the the 15% cap gains rate. If this is going to rise, as is probable under a new Democratic administration, won't this cause a new downturn in the real estate market?

Why aren't people talking about this possible grenade being thrown into our economy?


If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Palo Alto quietly gets new evening food truck market
By Elena Kadvany | 3 comments | 3,159 views

On Tour - The Highly Selective Liberal Arts Colleges: Occidental, Pitzer, and Scripps
By John Raftrey and Lori McCormick | 1 comment | 1,902 views

See Me. Hear Me. Donít Fix Me.
By Chandrama Anderson | 2 comments | 1,618 views

Foothills Park: a world away
By Sally Torbey | 9 comments | 1,487 views

Candidate Kickoff Events: Public, not just for supporters
By Douglas Moran | 6 comments | 876 views