distressed sales: What's so Distressing About Distressed Properties...
- 04/13/09 08:44 AM
Every real estate market, no matter the time or place, is bound to be influenced in some way or another by "distressed" properties. In a "healthy" market, anywhere from 1-3% of the homes are generally distressed sales. So what qualifies as a distressed sale? A distressed property will fit into at least one of these four categories: Property that is in poor condition Property that is or will soon be in the foreclosure process Property owned by someone who is experiencing financial problems Property on which the mortgage and lien amounts exceed the value of the property AND … (0 comments)
distressed sales: Chula Vista Distressed Sales Update- October 2, 2008
- 10/02/08 11:39 AM
Distressed sales account for nearly 85% of the active inventory in Chula Vista! I consider distressed sales to be either foreclosures or short sale (pre-foreclosure) properties. As of October 2, 2008, short sales accounted for about 63% of the listing inventory in Chula Vista, but only account for 33% of the pending sales and only 17% of closed sales since April 1, 2008. Keep in mind, the percentage of short sales actually closing is increasing as lenders get more pressure to keep foreclosures off their books. Also since January 1, 2008, there have been approximately 2,250 short sale listings taken … (2 comments)
Every real estate market, no matter the time or place, is bound to be influenced in some way or another by "distressed" properties. In a "healthy" market, anywhere from 1-3% of the homes are generally distressed sales. 
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