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Don't worry, the housing recovery isn't wiping out the discounts on homes that were prevalent at the height if the housing decline. Short sales and foreclosures are still aplenty in many housing ...
Lenders allow short sales in order to avoid foreclosure, which is a time-consuming and expensive process. A short sale can only happen with the lender’s permission, and a lender won’t agree to ...
By Brendon DeSimone For years, many buyers routinely steered clear of foreclosures and short sales. In their minds, such properties were "damaged goods" -- real estate remainders that were likely ...
The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by forcing the lender to relinquish the property without an opportunity to recuperate the balance of the loan. The term arose during the foreclosure of farms during the Great Depression in the United States.
What about sales and prices within Austin's city limits? In the city of Austin, there were 1,038 home sales, up 2.4% from May 2023, the board said. The median closing price last month was $608,438 ...
As of June 21, 2013 the Crestview neighborhood has seen a 19% increase in year over year sales volume. Inventory rates remain very low with a total of 3 months' worth of homes currently listed for sale and an average Days on Market of less than 20 days. Foreclosures and/or distressed sales are uncommon in this market given the high demand.