Relevant:
- Short sales and foreclosures made up 52 percent of all recent Southern California home sales -- Lenders aggressively pricing lower-end properties to move. Two Pasadena examples.
- Banks tout new short-sale processes
- Senator on a Mission to Change the Way Short Sales Affect Credit Reporting
- Banks Take Losses on Short Sales as Foreclosures Soar
- Five Key Points on Buying a Short Sale
2008-05-02 — blogspot.com
"I do not have historical data, [but] it would be reasonable to assume the percentage of REOs and SSs is unprecedented. ... Short sales are typically still occupied by sellers, enjoying their “free rent†period. That explains why vacant listings are not moving up."
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