National REO Liquidation Market Vs Small Sales

Maybe you have seen exactly how many homes are for sale on the MLS? Not to many and those who are on the MLS are an average of short sale results. For those of you who are not used to this phrase, short sale, that is when the bank encourage a cost for the house that is less than the balance by the present owner of the property. In a nutshell, the homeowner is inverted inside their mortgage, they owe a lot more than their house is worth, and they're trying to remove this albatross by "selling it short."The problem of trying to get one of these entries is that there's no assurance that you will get the home and the banks are getting weeks, or even years to discuss these offers. Furthermore, the deals that are planning to close are usually cash deals since, with having less stock, the banks are driving hard for the best terms and receiving the best offers-- which tend to be all cash offers.As an example, a friend of mine only purchased a house as a short sale that she's been discussing for over a year. Because if she had to market her current house to be able to get the new one, she'd have now been sitting in limbo for some time now fortunately for her, it's an investment property. I don't learn about you, but that is not a comfortable limbo to be in.Another exemplory instance of a current short sale transaction that I'm alert to is this: my brother really wants to purchase a new house since her family has broadened and they want additional space. She's a home she owns with collateral but was not finding any short sale presents accepted in a reasonable manner and had a backup on the basis of the marketing of her present home. Again, a really untenable position, so they made a decision to sell their house with value, lease for a year and release many presents on short sales, wanting to land something foreclosure counselors. All the best with that, sis!Well, there is another option to sitting around awaiting a sale to be accepted. The other greatest store of houses for sale form MLS is really a nationwide REO real estate liquidation market. I am perhaps not talking about trustee sales or sheriff sales which number deals but instead I am talking about the large national market houses, of which there are always a few, that provide the bank's supply. The Banks are liquidating their foreclosed inventory through these outlets as it is quick & easy for both owner and buyer.Here's why the banks like it: banks set their inventory up for sale by having an market house. In month one, the market house hosts the sell the houses & available houses. In month two, they complete and close the transactions. Very little paper work for the bank, very little use of their resources--especially in comparison to a short sale with all the discussions, the paperwork, the checking and the issues involved in that transaction.Here's why it gains the buyers: in month one, you visit the open houses and define your target house and target value, attend the market and get the target property. In month two, you move in and close on the exchange. No waiting, no worrying.Buying at market is a much more safe way than to try and obtain a short sale to purchase a new house. Don't you think?What are your experiences.....