Short Sales in Erie County Ohio

By
Real Estate Agent with Russell Real Estate Services
http://actvra.in/JLb

Real Estate.com recently printed an article, Riding the Trillion-Dollar Real Estate Recovery Roller Coaster. Roller Coaster

Are we in fact "coming out of it?" Or, do we still have a ways to go.  If Erie County, OH Short Sale Market is any indication, I say we still have a ways to go.

Seller’s in the short sale market in Erie County, Ohio are still fighting an uphill battle.  Recent stats indicate that we still have a lot of inventory and closed sales are still the exception to the rule.  Despite promises by banks to be more cooperative and timely, the process remains fraught with problems.

              Short Sale Stats

If you find yourself in the position to consider a short sale, enlist the help of an experienced Realtor, ask questions, become as fully informed about the process as you can, and be patient, be patient, be patient, repeat…..

 

 

Posted by

 

Mary M. Kandell                                             
ABR, CNE                                               
Russell Real Estate

It Starts With the Heart 
       heart

 

6203 Milan Rd. Sandusky, OH   44870

 419-239-4140  Cell

 mary.kandell@gmail.com

 

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Topic:
Real Estate Market Trends
Location:
Ohio Erie County
Tags:
real estate
erie county ohio
short sales

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Rainmaker
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Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

Mary - Our short sale inventory has finally started to shrink, it use to make up 20% earlier this year and now only makes up 7%, hopefully short sales in both of our markets decline over the next few years.

October 20, 2012 06:53 PM
Rainmaker
146,652
Mary M. Kandell
Russell Real Estate Services

Thanks for taking the time to read and respond, Michelle.  I think short sales will be with us for a good while yet, but hope to see a reduction in the inventory soon.  More importantly, I hope we see more CLOSED transactions.  Banks still don't seem to know "who's on first", or aren't really committed to closure.  I think banks stand to profit more from FORECLOSURE than CLOSURE of a SHORT SALE.  And therein lies the problem

October 21, 2012 05:15 AM
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Rainmaker
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Mary M. Kandell

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