The answer may lie in distressed sales. In Q1 of 2009, a particular (or 10.5%) of those sales was as a result of a short sale or foreclosure. Within most recent quarter, distressed sales included 43% (or 3) within the transactions. Aliso Viejo Luxury Homes last year sat out there today for usually 6 months and only yielded 85% of modification asking total pr...
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