My wife and I sold our home in New Jersey and moved to Melbourne, Fla., to start the last third of our lives. We looked at more than 80 homes for sale, including foreclosures, short sales and actual homes being sold by real people.
The taxman cometh for short sales as of Jan. 1, but you wouldn't know it from talking to Charlotte-area real estate agents.
As lenders review their backlog of more than 5 million delinquent mortgages, short sales are becoming an ever more popular escape route, it was reported by CNBC. But that trend may have a short life.