Real estate blog entries tagged with million short sales in 2013 by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty)

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million short sales in 2013: A million short sales in 2013? I doubt it and here’s why. - 02/27/13 09:56 PM

Some prognosticators have predicted that the number of short sales completed in 2013 will double the mark set last year and approach one million for the calendar year.
Full disclosure: I am NOT an economist. I am NOT a statistician. My rebuttal is not predicated on anything more substantial than common sense.
But here are my reasons that we will not see a million short sales this year:
First and foremost, the system can’t handle the volume. There isn’t enough infrastructure in place to successfully complete that number of transactions.
Second, most of the pre-2006 investors are already out of the … (13 comments)

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