Many agents will not deal on either end of a short sale as it can be time consuming, "more work" and statistically close only 20% of the time per California Assoc. of Realtors & NAR. I do and have been successful at closing many of these deals. Many buyers believe if they wait long enough, they can purchase the defaulted property for less when it is foreclosed. This is not the goal of our banks, nor does it help our economy or local real estate markets. Short sale homes are worth looking at & can be purchased with very little hassle! The loss mitigation short sale approval process only takes 1 to 1 1/2 months on average. It seems that the banks are getting more knowledgeable (through lots of experience), are far less restrictive and are improving & expediting their systems. Short sale homes are sold at fair market value and are subject to appraisal review(s). Whether buying or selling, don't hesitate to contact me for your real estate needs.
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