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11-27-2009, 03:36 AM #1
Banned
- Join Date
- Jul 2009
- Posts
- 215
Short Sales in the News: Good Publicity or Bad?
Three years ago you would not have been able to find a single article in any newspaper or online publication about short sales. Today, there is an average of 5-10 new pieces--each and every day. Over the course of a year, that translates to nearly 3,000 different articles on short sales published every 12 months.
What does this publicity mean to short sale investors?
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11-27-2009, 12:12 PM #2
Condominium
- Join Date
- Nov 2009
- Location
- Mission Viejo California
- Posts
- 147
Sign of the times with the amount of short sale inventory and the amount of homeowners behind on payments and under water.
The latest figures are staggering (CNN had an article on this)
23% of homeowners are under water
1 in 7 homeowners are behind on their payments!
For investors, this creates incredible opportunities as prices are depressed and interest rates are extremely low. I have noticed a tremendous uptick in investor calls and inquiries in my market since March of this year.Kevin Aaronson
The Aaronson Group
Keller Williams Realty
949-388-5194
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