Recently a rumor has been winding around the Big Island. Today I called my favorite Title Guaranty escrow officer and confirmed there is no truth to the rumor. Title Guaranty is still accepting short sale escrows.
That’s a huge relief. Since the REO (bank owned) property inventory has artificially dried up, and the non-distressed property inventory has also dwindled since last year, the market can do something with those short sale properties. Like find buyers for them.