If you read this article on DSNews (

According to the DSNews article "Nearly one-third of foreclosures remain in pre-sale status after 12 months".  As the next wave piles in, they will have to be released soon.  This is may well be why the government is ramping up the short sale process.  This article also states "for every loan that improves in status, three more deteriorate further".   

Real estate short sales are going to become a major player in the High Desert real estate market during 2010.  Lenders will have no choice as old and new foreclosures continue to clog the pipeline.  Short sales, for most cases, provide the lender with a better sales price than a foreclosure, are in better condition (for the buyer) than foreclosures and help maintain higher neighborhood property values.

See our blog for more posts What’s Cooking in the High Desert

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