Short sale can be timely process

Buying a house is a difficult task, especially when there is a surplus of homes on the market.

And when supply exceeds demand, home values decrease.

“That led to a lot of false inflation,”  said Leigh Rossi, a broker-associate at Bill Pullum Realty Inc.  “The housing bubble, if you will, popped.”

Homeowners desperate to get out of a drowning mortgage are putting their homes up for sale through the short sale program – a process that is anything but short.

For more on this story, see the Oct. 9 issue of the Navarre Press.