Jamie Jones's (jamiejones) Blog

Zip Code                          Average List Price                             Median Sales Price (Fayette Co.)                (week ending Nov. 5)                    (Date range Jul-Sept 08) 30215                                  $403,970                                               $209,936 ...

Short Sales occur when a debtor is in default and cannot make their payments. The problem is that they can't sell their house for the amount they owe the lender because the market has declined so much. So they ask for approval from the lender to sell their house at or below market value and then ...