This is a great article that helped me to understand the current market. Here I am surrounded by potential properties for my clients and they are being put into HOLD DO NOT SHOW status in the MLS. The owners are attempting to get a loan mod and don't wish to entertain offers. Let me know if you are seeing the same scenarios or anything related, I am happy to hear more and learn more!
http://www.inman.com/buyers-sellers/columnists/berniceross/loan-mod-may-be-better-selling?page=0%2C0
Loan mod may be better than selling
Tactic gives owners time to recoup market value
BY BERNICE ROSS, TUESDAY, AUGUST 11, 2009.
Inman News
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