CNBC - Homeowners advised to turn to short sales and loan modifications

First time home buyers, investors, and organized property flippers currently make up the majority of those active in the housing market. However, Pete Flint, CEO of Trulia.com, cautions the first time home buyers that are looking to benefit from low interest rates and low prices of foreclosed homes. I would recommend working with an experienced foreclosure expert and doing research before purchasing a foreclosed home, he said. Instead of foreclosing, Howard Glaser, president of the Glaser …

Tagged as: CNBC, diana olick, Glaser group, Housing market, howard glaser, loan modifications, Pete Flint, real-estate, short sales, the real deal, trulia.com