The Banks add insult to their free lending that started the entire mortgaged meltdown with the recent robo-signing scandal. However this could be a real opportunity for short sale. With the pending court-ordered freezes on foreclosures within all 50 states the banks might see Shot Sales as a better way to handle the volume of foreclosed properties that may be entering the market after the robo-signing scandal is resolved. It stands to reason that banks will be more willing than ever before to negotiate short sales… California however, might not see a real drop-off of bank owned properties; lenders in California must still comply with other legally required procedures for non-judicial foreclosures.
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Stop-foreclosure
|Sep||Aug||July||June||May||April||March||Feb||Jan '10||Dec '09||Nov||Oct||Sep|
|% CHG Month over Month|
|% CHG Current Month over Same Month Last Year|
|Back on Market||2|
|Month to Date and Projected Opened Escrows*|
|Total Active Core Area||1,395|
|Total Active REO's||314||14||Added|
|Total Short Sale||503||13||Added|
|Percent Sold Over List Price||49.59%|
|Sold Last Month / % of Difference||486||-47.70%|
|Last Year Month / % of Difference||564||-54.93%|
|Active Listing Mix (Core)|
|REO % of TTL||22.51%|
|Short Sale % of TTL||36.06%|
|REO+SS % of TTL||58.57%|
|Traditional Sale % of TTL||41.43%|
Current Month 3.4 Months
At Last Months Rate 5.9 Months
Historical High Active Listing - 5300+ Mid 2007 - Within the last 3 years our Low Active Listing were under 700 in Nov '09
Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/. Or Keller Williams Realty AV
Janet O'Brian is a Certified Short Sales Specialist by the National Association of Realtors® (SFR) and is ready to help you with your situation please visit her web-site. She can Stop Foreclosures Now!
*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.
Keller Williams Realty AV Ranked #1 in the Antelope Valley 661.733.0508 to list your home.