Short sales creep into the South Bay

By popeblog

The one time venerable South bay is getting a small encroachment into the short sale arena. The average Realtor has always thought this was absolutely impossible. The conversations investors even thought about would make our Realtors shake their heads. “We’ll never get back to the 90’s they would say” as in 2005 people sold their million dollar homes and leased for 4000+ per month waiting for the big land grab. In 2006 we thought those idiots have lost 100K or more in equity. But the time is here. People are getting 100K off of homes purchased 2 years ago. The sellers whenever they sold can relive the word…Cash is king, actually being in a good position is king! Here we are folks. Step right up and steal a home right now. They are getting plentiful.

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