posted
Jul 15, 2010 by REI News
A California company that follows distressed properties is to statistics from foreclosure new show that the number of properties in Southwest Florida sold through short sales is increasing, while the number of properties ranging throughout the closing process -- and ultimately sold by the banks -- is declining.
In Sarasota County, for example, statistics show that the average price RealtyTrac selling a house was $ 206,267 in the first quarter of 2010. In comparison, property seized in foreclosure by a bank sold at a discount of 48.4 percent, or $ 106,409, while a short sale property sold at a price 27.5 percent, $ 149,630 .
"With a foreclosure, you must pay taxes, maintenance and conservation, and keep the air so that the houses are not moldy. The banks have learned that it lost more money than selling crisis," said Jack McCabe, a consultant based in Deerfield Beach Real Estate. This can add up to two hundred dollars a month, and if a bank has thousands of seizures may be large enough leak.. "
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