Subscribe to Answers
Always a few out there.
Stevens Point, WI
I think there are both short sales and REO listings out there but the numbers are fewer or the time to come to market is dragging ? I am finding it more difficult to get short sales approved because the market is improving and values are on the rise and banks want to net more and so there is little difference between sale price and market value. This also holds true for REO's.
There is very few short sales as values are up. There is still a steady pace of bank owned homes, many who were bailed out only to once again not be able to keep up with the mrotgage,
The local market keeps breaking records almost every month. Prices keep going up, up and up. If we had any short sales, they would be few and far between. Foreclosures are very rare in my province since a power of sale is much easier to do and preferred. Which recession are you referring to?
Good morning Ivan. We still have many in our local area, but the numbers are much lower than they used to be.
Make it a great weekend!
Much much less, even I was told by few AM that there is a lot of work. I have only one now, I'm so ready for more.
We are down again. Hard to find a great buy any more
Not currently a big factor in my market. Far less than at the peak.
Good question, way down from where they were but still more than we had say 2002.
I just wrote a post on this issue this morning. In Charlotte distressed property sales account of less than 4% of total sales and we have fewer and fewer such homes for sale each month.
I am seeing fewer short sales.
Still plenty of them here, but nobody is interested in them anymore.