short sale newsEach and every week, there are things going on that impact the short sale business. Some weeks there are big changes to federal and local policies that impact short sale processing. Other weeks, there is news about government programs for distressed borrowers.

Read below to learn about some of the interesting stuff that went on this past week in the distressed property arena:

Zillow Calls Bottom Zillow called it. They must have the Magic-8ball. Nationally, there are still 3.25 million distressed properties that need to funnel through the system. Will you be listing and selling some of those?

Renter’s Markets Across the Nation Yes, it is true that San Diego was listed in this article as a renter’s market. But, why are agents flipping out? We are still in a seller’s market. Prices have been increasing, and not everyone reads Yahoo news.

Three Reasons Your Short Sale May Not Close on Time  Oh, there are lots of reasons that your short sale transaction may not close on time, but this article does review three primary things that agents can do to attempt to get the deal to close in a timely manner.

There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why we’ve provided you with a weekly recap right here.

 

Melissa Zavala 
BROKER/REALTOR® ● CA DRE #01324959

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Post is included in group: Short Sale Specialists & Pre-Foreclosure Education
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7 Comments on Zillow May Have the Crystal Ball (and other distressed property news)

AUG
25
344,656 Points 5 Featured Posts Called Shot Master

Melissa I agree Zillow may be a fun tool for home owners and buyers to play with but at the end of the day local Realtor is the best resource to guide buyer and seller.
6:47am • #1
1,021,127 Points 65 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Agents SHOULD be calling investors already in the market about buying MORE investment properties....
6:58am • #2
1,583,165 Points 429 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Melissa

I always enjoy, and learn so much from, these weekly updates.

The bottom? I'm not convinced, and certainly not on a national level do you think? WIth many more short sales, and REOs, to churn through the system I don't see how that can be. BUt there are certainly many positives out there in different markets.

Jeff
8:53am • #3
406,784 Points 1 Featured Post Outside Blog Called Shot Master

Melissa,

                   Great information there is so much going on it is hard to keep up! Thanks for stopping by my blog I appreciate the support!
1:44pm • #4
983,574 Points 106 Featured Posts Localism Sponsor Outside Blog

You made me laugh, Melissa. I was thinking, I'll see you 3 reasons and raise you by the fingers on my other hand, too. Heck, I'll throw in my toes for good measure, then I'll start counting more reasons on your toes . . . get yer feet over here and take off those shoes, we need more toes. What can I say? I learned to count without a calculator.
7:04pm • #5
939,762 Points 94 Featured Posts Outside Blog Attended Rain Camp
Elizabeth: If I wrote an article about all of the reasons a short sale doesn't close on time, I would be awake and typing for days on end, right?
7:34pm • #6
AUG
27
471,126 Points 26 Featured Posts Localism Sponsor Called Shot Master

I was wondering who had the crystal ball- thank goodness, now we can all sleep at night :-) 
8:04am • #7

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Escondido Real Estate - North San Diego County Homes

Melissa Zavala, Broker

Escondido, CA

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Address: 220 West Second Avenue, Escondido, CA, 92025

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