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Short Sale inventory
Well.. it has finally happened. After checking the inventory of homes in 5 South Orange County Cities (active, pending and backup) I found this morning that there are more Short Sales than ever before. The Short Sale inventory is now more than the regular sales. REOs average about 18 per city. There is no way to know how many of the Short Sales will be successful. Time will tell whether the banks will be able to approve more Short Sales or rather go through the extra expense of a foreclosure.
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