Speaking of which, Short sales 3,838,up from 3,626 last week. Still no end in sight here.
Countywide we are at 19,426 up from 19,170. Inventory seems to be rising on properties falling out of escrow and the general lake of sales rather than new listing piling onto the pile.
Just saw a new lisitng in Ozzie’s hood come on as a Short Sale. It was listed last year at an insanely high price and had no chance of selling. It is now price within reason. Here’s the kicker, the owner (or former owner as it was Quit Claimed to the wife) is one of the pricipals with First Magnus (formerly Charter Funding) which recently shut down. Oopps!
NOD list from my title rep just hit 140 pages. It was running between 70 and 90 most of the year. Zoinks!!
