It seems like almost one out of every 100 newer home sales in Sacramento have some sort of contradiction in the public records. It makes me wonder if builders just don't have the staff or whether they simply don't care to accurately report sales or just how this is happening. Of course, if it happens on a short sale, it's a super good deal for the short sale buyers because generally the seller has little, if any, financial stake or interest in the actual sales price.
California short sale sellers typically do not face taxation and surely do not deal with deficiency judgments. They just want that short sale approved and closed, regardless of any increases that could affect price.
You can read more in my personal blog today at this link: Short Sale Buyers Closed on Antelope Home With Free Equity.
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