Calabasas Short Sales – Active or Looking for Back-up
The map above indicates short sales that are either active or looking for back-up (and for short sales that is not necessarily a bad thing) that are on the market right now in Calabasas. There are 10 active and 25 that are looking for back-up which in most cases means that a buyer has written an offer and it have been submitted to the bank. At that point they are waiting for the bank to approve the short sale. Frequently, the original buyer who submitted the offer get’s impatient and the next buyer in line ends up buying the property. Our buyers are getting deals on short sales all over the place. We are getting approvals and making them happen. Despite all of the nightmare stories that you may have heard, short sales do close and the process is actually improving as I write this. Contact us for short sale assistance whether you are a buyer or seller.