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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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Number of Short Sales On The Rise

November 17th, 2009 • Related • Filed Under

Throughout the county short sales - a sale of a home for less than is owed on its mortgage – are up. chart

The rise is shorts sales may help explain the increase in home transactions at a time when they are usually falling.  Usually home sales decrease after August but this year the number of homes sold increased from August to September. Short sales often take longer to close so it may be sales from the summer are being carried over into September and October.

Short sales increased from 293 in January to 477 in September – a 63% increase in 9 months. Short sales are increasing while the number of distressed sales have been declining in the past year.

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