In the first quarter of 2010 (January - March) there was a total of 1,210 sales in Seminole County Florida.  Of these,

23% were Short Sales (a short sale is when the seller owes more to the bank than what it’s worth and the bank lets them sell it anyway)

37% were REO which stands for Real Estate Owned (means the bank has already taken the home as a foreclosure and is now trying to sell it)

39% were “Regular” Sales, meaning neither a Short Sale or an REO

If you are thinking of buying or selling a home that potentially is a Short Sale or an REO, make sure your Realtor is experienced in these tricky transactions.

If you need more info on the possibility of selling YOUR home as a short sale, please visit http://www.BeforeYouShortSale.com