According to Trend MLS, there are 963 homes for sale in Chester, Delaware, and Philly Counties that are listed as Short Sales.
In March there were over 300 homes in that same are that were in Pre-Foreclosure status. ( At least 90 days behind on the mortgage ) Many of the homeowners will have no choice but to put their homes on the market and in many cases these homes will also be listed as Short Sales.
Since the beginning of the year there have been over 188 Short Sale listings in Trend MLS that have gone into the "expired" status ( meaning the listing agreement between the homeowner and the selling Agent has expired ) Many of these homes are either going to foreclosure, taken off of the market for whatever reason, picked up by another agent and re listed for sale, or the homeowner has just given up and walked away. There are many different things that could happen here.
Point being there are more than enough Short Sales to go around in this area. Investors are making up a large percentage of the purchase market because they see the long term value and return on investment
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