Summary
Short Sales are growing Dramatically
The no. of short sales has grown by 600% over the last 2 years
Short Sales Have Become the No. 1 Distressed Property Segment
High Short Sale Prices Mitigage Lower Commissions
Expect 4-5 months to sell a Short Sale
Expect 3 Offers for Every Completed Short Sale
Most Short Sales Are Bought By First-Time Buyers using FHA financing