Seattle Short Sales (try saying that three times fast) seems to be the theme of the week. Our team has closed 2 this week, will close another sale tomorrow, signed an extension on a listing currently in escrow and I'll be bringing two new Maple Valley Short Sale listings on the market today and tomorrow.
It's not surprising that short sales are becoming a larger part of the real estate landscape here in the greater Seattle area. According to Realty Trac, one in every 37,000 homes in King County has received a foreclosure filing notice. Some smaller communities such as Snoqualmie (1 in every 159 homes), Maple Valley (1 in every 394 homes) and Auburn (1 in every 447) have a higher concentration of homeowners facing foreclosure. These owners are beginning to understand there are alternatives to foreclosure and in some cases, advantages to selling their property as a short sale, versus letting the bank take it at auction.
We pride ourselves on continuing to help Seattle area home owners successfully sell their homes in order to avoid foreclosure.
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