wwwetemecularealestatecom: Mafia Banks - 02/11/10 05:38 AM
I'm not sure what your market is like, but my market here in SW Riverside County/Inland Empire is primarily short sales taking up about 80% of the listings.  Another 10% are bank owned properties with the rest being "standard" sales many of which are corporate flips from trustee's sales. 
With that being said, the competition for buyers to be able to land a bank owned property are slim.  We are seeing 20+ offers on good properties.  The pecking order starts with cash offers (and there are a LOT of cash buyers in our market right now) then conventional, then FHA and … (9 comments)