No wonder the average short sale takes 240+ days

Posted on September 2, 2011. Filed under: Anatomy of a Short Sale |

I’m on my 3rd price reduction since the bank decided my fixer upper in Campbell was worth $710K. We have no new buyers. One more price reduction to go before we are at the original list price. Two buyers are waiting for that next price reduction. No new buyers are interested at the current price. of $608,750. No wonder these short sales take so long.


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