Simi Valley short sales are still going through the pipeline. There are currently 302 properties that are in the pre-foreclosure process. Even though there is a low inventory of homes on the market, this tells us there is a potential for a higher level of inventory. What is a short sale? A short sale occurs when an owner owes more on their property than it is worth. The owner then asks the lien holder to take less than what is owed.
If the 302 properties that are in pre-foreclosure were to short sell their property, the inventory in Simi Valley would be much higher.
You can check out this webpage for more Simi Valley short sale information http://www.seansanjose.com/short-sales
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