Some prefer agent some call themselves Realtors but all of them know that dealing with foreclosed properties are indeed risky which makes them quite cautious when offering people these types of estates. This makes it not only risky but quite dangerous to their reputations so they recommend short sales instead. Short sales have buyers and sellers of erring properties dealing with each other with the lender in between ready to turn their sleeping investment into cash before the owner really defaults on the housing loan.
It is safer for the agent and all parties for they are still to go into the foreclosure process and quicker. Cash is the preferred method of payment making the new acquisition safe for all parties involved. The cash basis payment prevents further complications should the buyer default himself on the mortgage payments should they choose to get one in a volatile market such as today’s. Life is still uncertain in this recession but with wise decisions and proper information in hand good deals can be made and found.