Short Sale Agent in Folsom Reports Why Short Sale Escrows In Folsom May Be Failing

1 month			1 year			15 months
	Jan 11	Feb 11	% Change	Feb 10	Feb 11	% Change	Dec 09	Feb 11	% Change
For Sale	78	67	-14.1%	43	67	55.8%	30	67	123.3%
Sold	11	15	36.4%	12	15	25%	15	15	0%
Pended	30	54	80%	12	54	350%	17	54	217.6%

Just look at the numbers! Short sales in Folsom going  pending are going through the roof!  Why are the number of short sales that actually close lagging?

Folsom Certified Short Sale Negotiator Forth Hoyt shares Folsom Short Sale Information and insights into the Folsom Short Sale  Market–

Folsom Short Sales going pending (being approved by the bank) are dramatically increasing. But at the same time, the number that actually close escrow and are ultimately selling to new homeowners has been lagging.

I keep talking about this on my blogs and I still think why Short Sale escrows are failing has a lot to do with buyers walking after banks approves the short sale-

Short sale buyers are notorious for writing offers on multiple properties, even though they know they can only buy one.

Find out how I ensure buyer motivation and sincerity with The Hoyt Group Short Sale Procedures

…or read about our KILLER SHORT SALE FILES and why our short sales move quicker than the others!

Are you struggling with your mortgage on a home you are upside-down on? Contemplating a short sale where the lender may pursue recourse?You should read:
To Sign or Not To Sign: Short sale agreement with lender when they reserve the right to pursue deficiency?
Questions on your particular situation?
Contact us Today At Forth Hoyt’s Sacramento Short Sale Center