Shortsales are getting approved at a higher rate.

From DS News:

> Industry Data Points to Record-High Level of
Short Sales

An industry study released Monday shows that nearly half of home sales
activity last month involved distressed properties, a trend that is likely
to continue as the backlog of foreclosures and mortgage defaults make their
way through the pipeline. Within this distressed property segment, the
market analysis shows a boom in short sales during the month of March to a
record-high 19.6 percent, and a drop in the proportion of damaged REO, which
the report says should be a positive for home values in future months.
> > Read More



Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

CA DRE#: 01173766