Orange County Short Sales and Distressed Homes Market Update July 7, 2010

Distressed home sales in the market are a major headline. In fact the  just ran a story about how 1 in 4 transactions is a short sale. also reported that the number of banked owned inventory grew in May. Here’s a look at the number of distressed sales currently on the market and the number of short sales:

Costa Mesa:

5 homes in foreclosure process

7 homes have notices of default

13 homes are REO/lender owned

64 Short sale/subject to lender approval

To find out the numbers for Huntington Beach and Newport Beach click .

About Torelli Realty:   has been servicing Costa Mesa, California almost exclusively for over 25 years and knows Costa Mesa real estate and works with the most Costa Mesa homes for sale. The company has 100% success with short sales. Feel free to contact Torelli Realty for a consultation and for all your real estate needs – we know Costa Mesa houses.

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