When is a Short Sale Not A Short Sale? When It’s A Long Foreclosure Process!

April 6th 2008
Miami Beach, Florida

Today’s real estate vocabulary has expanded to include terms like foreclosure, short sale, pre-foreclosure, bank-owned properties, REO or real estate owned. There are many who would believe that they are all interchangable terms for a “good deal” in real estate. Au contraire! Now bank owned properties, REO, foreclosure properties can be priced in the market and present…