Sacramento Short Sale Specialist Reports Pending Sacramento Short Sales Surge

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).
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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.
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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