Foreclosures San Francisco Bay Area
July 2nd, 2010
Foreclosures San Francisco Bay Area
What would you do if three years ago, this property has been valued at 500k, but 110k is only worth it?
I owner of a piece of real estate property in San Francisco Bay Area in July decreased $ 22,000 in value due to market conditions, other two houses on this block lock, I do not live in the house, I think to do a short sale.
Short sales are widely discussed in the financial press, but rarely actually approved banks, especially if the loss is great. Claim the value of property has been reduced from $ 500K to 110K $, there is no way a bank approved a short sale.
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Categories: Foreclosure Homes area, bay, foreclosures, foreclosures san francisco bay area, housing, realestate