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Answers to San Francisco REO & Short Sale Quiz (and some Thoughts about OCEANVIEW)
Keeping in mind that this quiz was from a few weeks ago--but also doubtful that much has changed--here are the first few answers to the True and False questions in the San Francisco short sale and REO quiz that I posted recently. Also bearing in mind that this was aimed at Realtors, let me share with you the link to our San Francisco Association of Realtors real estate district map so that you will know what the "district numbers" refer to: http://www.sfarmls.com/docs/areamaps.htm
Let me repeat the first few questions, ponder a moment--and then I will give you the answers--along with some commentary/explanation. Some may surprise you!!
1. Every district in San Francisco has at least one distressed property.        T ___  F ___
2. One in 10 homes in America is in danger of foreclosure.                       T ___ F ___
3. There are more than 100 short sale listings currently on the market.     T ___ F ___
4. There are no short sales or REOs in Districts 6, 7, and 8.                      T ___ F ___
There are 10 real estate districts in San Francisco. All but district 5 (Noe, Glen Park etc. http://www.sfarmls.com/docs/central.htm have some type of distressed property. The answer to #1 is FALSE.
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