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Sacramento Short Sale Specialist Reports Pending Sacramento Short Sales Surge

Sacramento  Short Sale Statistics
All Sacramento El Dorado Placer Short Sales 03 11 10

All Sacramento El Dorado Placer Short Sales 03 11 10

Sacramento Short Sale Specialist Presents Sacramento Short Sale Stats, Information and Short Sale Definitions

At the current rate, Short Sales in the Sacramento area real estate market will be hard to find soon. Fifteen Hundred Short Sales have gone Pending in One Month! Read on to learn more Sacramento short sale numbers and short sale definitions.

Sacramento, Placer and El Dorado County short sales going pending (and subsequently Short Sale Approved), are out pacing new short sale listings by nearly 28%.  Just look at the below table of statistics for short sales in the three county Sacramento Metro area for February it shows there were 1124 new short sale listings in the Sacramento real estate market and 1526 went pending during the same time!

In order to go pending, the Short Salehas to get  third party approval (by the servicer, bank or investor). This changes the status in MLS from Active Short Contingent to Pending Status.  Active Short Contingent means the seller, or homeowner, has accepted an offer and that offer has been submitted for “Third Party Approval” (by the bank or servicer).

More questions bout Sacramento Short Sales or Short Sale Processing? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

This approval comes in the form of the short sale payoff letter, or short sale approval letter or the short sale payoff demand.  This letter is the end and final result of usually months of hard work by your short sale specialist and the final step of the short sale process. There are several different names for the same document.  The short sale approval, no matter what it is called, basically states that the bank has agreed to release the liens for a specified amount.

Need help? Confused about your options? Ask a Short Sale Expert! Get more information aout your particular situation when you Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Here ae the specific short sale numbers for Sacramento area short sales for February:

Date 2/09 3/09 4/09 5/09 6/09 7/09 8/09 9/09 10/09 11/09 12/09 1/10 2/10
For Sale 2597 2829 2701 2632 2289 1799 1698 1666 1734 1702 1697 1896 1941
New Listing 801 963 893 929 955 1041 974 1092 1097 901 849 1205 1124
Sold 235 308 340 365 404 453 406 441 498 430 568 419 351
Pended 507 706 977 959 1022 1072 1088 817 760 662 623 1048 1526

Forth Hoyt is the lead agent at The Hoyt Group and has put together a top-noth croup of hand-picked experts.  Forth hoyt’s Short Sale Division are experienced, friendly, caring and people who enjoy working with homeowners and  provide a positive short sale experience.  Put our over 100 years ofSacramento Area Rreal Estate Esperience to work fo you today! Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

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