Bank Owned and Short-Sale Statistics

As you can see from the below statistics released on November 3rd, the number of bank-owned and short-sale properties on the market is a very large percentage of the total homes for sale. We predict that with the changes in the state’s foreclosure process and the growth of JP Morgan’s “Loan Modification department”, banks will be working with owners much more to prevent foreclosure. If you need to sell your house, your chances of getting the bank to approve a “short-sale” will also increase.

If you have questions or are interested in listing your home for less than what you owe on your loan, please call us. We can help you.

Click on the image below to see expanded chart...