John Bacon of Keller Williams Realty is a Certified Distressed Property Expert (CDPE) and points out that “Nationwide, 10.9 million or 22.5% of all homeowners with a mortgage owe more on their property than its worth in the current market, and another 6.3 million are in some stage of foreclosure.” Bacon goes on to say
Fewer Distressed Properties Sold in California
April 22, 2011 by
Distressed properties in Los Angeles County accounted for 51% of homes sold during March, down from a total of 56% in February, according to the California Association of Realtors yesterday.
