Its only March 12, 2010 and 68 Bank Owned homes have been sold this month- Not too far behind are the Short Sale homes at 39 sold for the month of March- These are the number of distressed properties sold in Ada county including the cities of Boise,Eagle,Meridian,Star,Garden City and Kuna. The total number of properties sold in Ada county for the month of March is at 235 so approximately 46% of the homes sold in Ada county have been either a short sale or bank owned. So far for 2010 there have been 277 Bank Owned properties sold and 176 Short Sale properties sold out of 934 properties sold in Ada county. I will keep tracking these types of sales but like I have said before– We are going to see a large number of Bank Homes come on the market and trust me in April the Short Sale rules are going to change for the better and we will be see a lot more of those homes actually get sold for less than what is owed. I believe the reason that for now the Bank Owned homes are out selling the Short Sale homes is because of the long process waiting on the bank approval of a short sale. We will start seeing more and more pre-approved Short Sales and they will be in time replacing the Bank Owned homes- Time to be determined because there is huge back log of Bank Owned Homes yet to come on the market.
If you are looking to take advantage of the Short Sale whether buying or selling, my experience can help. Visit www.homeswithjosh.com to look at all homes on the market. To schedule appointment to view homes just send me an email josh@homeswithjosh.com
If you are facing foreclosure and would like to know what your options are please visit www.idshortsale.com and fill out the confidential short sale application and I will review with you all options
Thanks again,
Josh
