Short Sales Soar in California, Brentwood

A report in the Los Angeles Times points out that the volume of Short Sale transactions that are closing successfully is on the rise – primarily in California and the Sunbelt states. Short Sales in Brentwood have continued to make up a significant part of the market, and we are seeing more and more successful closings.

Known as short sales, the increasingly common transactions for financially troubled homeowners are projected to balloon to 400,000 in 2010, according to Core Logic, a Santa Ana company that provides services to the real estate and mortgage markets. By comparison, existing homes sold at a seasonally adjusted annual rate of 5.37 million units in June, according to the National Assn. of Realtors.

Read the entire article here.

If you would like to find out how I can help you determine if a short sale is the right foreclosure alternative strategy for you, don’t hesitate to call me today.

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