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Short Sales Become the Norm
Short Sales Become the Norm
After reading an article on MSNBC about short selling homes throughout the United States I found some of the facts very interesting. Here in Southern California, San Diego County to be exact we have been hit with many foreclosures and more and more homeowners that need to sell but owe more money on their home than what they can sell it for are choosing the short sale option. Right now in our office we are handling over 40 short sales in San Diego County, some in the Chula Vista Area as well and homeowners are optimistic but realistic about their short sale options. Banks move slow in this short sale procedure and are inundated with short sales form many of their mortgage holders in all 50 states. If anyone needs to be taught a lesson in patience it's having children or doing a short sale.
The article I read on MNBC was entitled "As Housing Falls, Short Sales Become Common" and some of the facts I found worth repeating were that roughly 20 percent of all U.S. home sales in March were "short sales."  This is important to me because I find that homeowners faced with ... more

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