Shortsales are getting approved at a higher rate.

From DS News:



<http://dsnews.us1.list-manage2.com/track/click?u=59816bad6939d5a7dd87e45a5&
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> 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.
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id=807ffa10b1&e=ebe71b748c
> > Read More

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766