The Minnesota Home Ownership Center has just put out another good resource for buyers - this one discusses things to consider before making an offer on a short sale. Short sales can be a good opportunity and can also be a waste of 2-6 months' of waiting too - each situation is different. It's important to understand the whole process before making an offer. I also put together a guide comparing the differences between Foreclosures, Short Sales and Traditional Sales - I think it is a good primer for anyone … [Read more...]