Burbank Short Sales totaled 39 successful closings for the year of 2011. Of those 39 closed Burbank Short Sales 33 of them were single family homes, 3 were townhouses or condos and 3 were were multi-unit buildings. It is also important to note that a total number of 77 Burbank Real Estate properties were foreclosed in 2011. This is a total of 113 distressed sales (including short sales & foreclosures).
With a total of 220 Burbank Real Estate properties closing in 2011, this represents more than 51% of all closed sales being distressed sales just about even with 2010 at just under 51%. There is no question regarding the fact that these distressed sales weigh on our home values, especially the foreclosures not to mention the damage it creates for those involved.
The number of Burbank Foreclosures vs. Burbank Short Sales still really surprises me. More than 65% of the distressed sales in Burbank in 2011 were foreclosures. What this tells me is that homeowners still don’t know what their options are in todays market and are opting to take a very financially damaging path of the foreclosure when other options maybe available as you will see more info on by clicking the link below showing more information about Burbank Short Sale. Since Illinois is a Judicial Foreclosure state in almost all cases the Short Sale option is a much better decision as it reduces and potentially eliminates the financial damage that occurs in a foreclosure if handled appropriately.
Learn all your options before you make a decision. Knowing these options can position you for a better financial future. Clink on the below link if you would like more specific information about Burbank Short Sales and your options.
Burbank Short Sale Options
If your looking for existing Burbank Short Sales currently on the market for sale follow the below link. This will give you an exclusive list of all the available Burbank Short Sales.
Burbank Short Sales For Sale
Raymond Kennedy
Keller Williams Preferred Realty
Burbank Short Sale Specialist
Direct: 708-620-4460
www.IllinoisShortSaleAgent.com
Carmela Realty - Westlake Village, CA
Ventura Co., Los Angeles Co., CA, & Global Realtor
Hi Raymond, thanks for posting the numbers for Burbank! I had to stop by and see what state you are located in, I'm in Burbank, Ca.
Dec 20, 2011 02:14 PM
Keller Williams Preferred Realty - Orland Park, IL
Sorry for the confusion, I am glad you pointed that out. That just shows that I am so use to dealing strictly with my local area I don't take the Burbanks in other states into consideration.
Dec 20, 2011 04:07 PM
Recent Posts
Home Selling
about 11 years ago
Comments(2)