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Palm Desert Real Estate
Palm Desert Real Estate
The Palm Desert real estate market has been extremely volatile in the past few years, from foreclosures, short sales and standard sales as well. But Palm Desert real estate transactions are still happening in spite of the market crash and tough market conditions.
While it is true that many unfortunate Palm Desert homeowners are losing their properties to foreclosure, foreclosing banks and lenders are not in any hurry to list their Palm Desert foreclosed assets for sale. Banks have slowed the resale of their Palm Desert foreclosures to a trickle to keep the real estate marketplace competitive for buyers and to not flood the supply. It is a great time to buy Palm Desert real estate if you have the resources to do so, but there are many buyers and investors buying foreclosures. These conditions makes it hard to secure a purchase, despite popular opinion.
Palm Desert short sales have also become more prevalent, helping distressed Palm Desert homeowners relieve their financial hardship of the burdening mortgage, but short sale negotiations can be complicated and difficult. Many Palm Desert short sales fail to sell not because of a lack of willing and able buyers for the properties, ... more

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