Short sale properties and auctions

[Catherine Morel]

Do all short sale properties end up being sold in auctions?

[Sam Shueh]

Most short sale owners pulled them off the short sale market. It was less than 30% getting sold and It may eventually be in auction and majority 90% are pulled off. So you are looking at 0.7 x .1 (%) =7% chance it will be sold through auctions and also on MLS concurrently. That probability sale number changes from location to location.

Short sale refers that the owner actually want to put it on the market not someone who is underwater.