patrick.net

http://m.washingtonpost.com/blogs/where-we-live/wp/2013/12/16/why-sellers-in-short-sales-need-a-sense-of-urgency/

Unless you've been living under a rock, you're probably aware that since hitting a peak in 2007 home prices in our area declined and have been climbing back over the last couple years. Many homeowners who bought at the peak of the market borrowed 100 percent of the sale price or close to it. As prices plunged, they went "upside down," meaning the amount they owed on their mortgages far exceeded the value of their property. Some of these homeowners are still underwater and pondering how to get out. The recent government shutdown has eclipsed some very crucial news for...

#housing