if a homeowner is going into foreclosure and is trying to sell the property via MLS with an agent and has a short sale approved through their lender – that will reflect on MLS??
i’ve seen several homes advertised that are on th eMLS and they advertise as a “short sale”.
were short sales common in the last downturn and were short sales a big part of the price depreciation then? what we’re going to see here in so cal are piles of foreclosures…. or at least people who are on the verge of foreclosure and tons of houses for sale as a result.
