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>> Troy Huerta: Short sales are a viable option right now
because the lenders are trying to be more cooperative and reach out to the homeowners.
Over the last three to five years, so many homeowners in the millions
are still behind with the banks, and the banks have foreclosed on....
Right now there's an inventory in excess of a million homes
that still need to come onto the market.
So the banks have found it's actually their benefit to reach out
and help the seller or the homeowner to settle this debt now
versus foreclosing on them.
So that's why it's a viable option:
because the banks are wanting to help you, the seller,
find a solution to settle your debt.