Real Estate Short Sale Stats

Here is a little new year update. The upward trend of real estate short sales continues...

- Active: 268
- Pending: 26

We have been recieving more inquiries regarding short sale services for homeowners.

This is for Southern California from Pasadena to Rancho Cucamonga, North of 60 freeway.

Real Estate Short Sale becoming a Flippers New Term

For anyone that has been around real estate for the last 18 years, you are familiar with the term "short sale" but for probably 1,000,000 REALTORS they have never heard of the term. Much like many "real estate investors" never thought prices went down?

As evidenced by recent articles, "short sales" will again be in our vocabulary. Here is an article about a real estate investor who thought was going to make a quick buck, buying a home for 1.32 million, trying to flip it at 1.6 million. Now 8 months later in foreclosure, it's listed as a short sale for 1 million.

Read the entire story here.

I can tell you that this will become more and more common in the very near future.